ČEZ Group, the national utility of the land-locked European Union member, the Czech Republic, said it received US LNG as its first shipment at the new Eemshaven LNG import hub in the Netherlands.

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Woodside Petroleum Chief Executive Peter Coleman, whose company has substantial stakes in three Australian LNG plants and is a partner in a US project at Port Arthur in Texas, told the World Energy Conference in Washington DC that investment in strategic natural gas pipelines only gives an illusion of security of supply.

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Gasunie, the Dutch natural gas company and Rotterdam LNG import terminal co-owner, said profits plunged because of an impairment linked to a regulatory ruling as revenues also declined amid more small-scale LNG shipments and low-calorific conversion of pipeline gas because of the cap on Groningen field production.

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