LNG

Dec 31 (LNGJ) - The main utility company in the former Yugoslav state of Montenegro, Elektro Privreda Crne Gore (EPCG), has signed a memorandum of understanding with Singapore-based LNG Alliance on LNG-for-power with prospects of a project emerging and comprising an LNG import terminal and two gas-fired power plants.

   “EPCG is working intensively on building partnerships with credible partners, whose participation would enable the implementation of planned investments,” said a statement. The MoU signatory for EPCG was Executive Director Nikola Rovčanin and LNG Alliance Chief Executive Muthu Chezhian signed for the Singaporean firm.

The US Department of Energy has just published its latest liquefied natural gas export data with the average overall price for the six plants declining to under $6.00 per million British thermal units and as China started to overtake Mexico in overall deliveries while more supplies reached South America and smaller nations like Malta and Lithuania.