LNG

Brazil’s state oil company Petrobras is in negotiations with Singapore-based shipbuilder Seatrium on ways to liquefy and export gas produced in Brazil’s giant deepwater Atlantic pre-salt fields, catering to rising demand from gas-fired power generators across Asia in a tight market.

The US Delfin LNG export venture planned for 50 miles offshore Cameron Parish, Louisiana, has signed a $1.5 billion financing contract with the state-owned Korean Development Bank to help guarantee the construction of three project vessels at South Korean shipyards.