LNG

Gazprom, the state-backed Russian natural gas company, has signed project finance documentation with more than 20 global banks for the domestic part of the “Power of Siberia” venture transporting pipeline natural gas to China in competition to LNG.

Toyo Engineering Corp. of Japan has been awarded two engineering and construction contracts in Thailand and Russia as it redirects its core business to petrochemicals after being involved in the global build-out of LNG liquefaction plants and import terminals, including the Sakhalin export facility in the Russian Far East and the largest Indian import terminal at Dahej near Mumbai.