LNG

Kosmos Energy, the US-based shareholder in the floating liquefied natural gas joint venture offshore the West African nations of Mauritania and Senegal, posted higher fourth-quarter net profits and reported the FLNG venture 70 percent completed amid asset acquisitions in Ghana.

Aug 28 (LNGJ)- South Africa's PetroSA has opted to shelve a floating LNG import terminal in Mossel Bay, Southern Cape, after feasibility study compiled by Worley Parsons found the location is technically and commercially challenging.

PetroSA has been evaluating the possibility of importing LNG to supplement depleting gas reserves in Mossel Bay since 2008.