LNG

Chesapeake Energy Corp., the US natural gas producer with LNG interests and currently completing a merger with Southwestern Energy to create one of America’s biggest natural gas companies, reported a slump in profits and revenues in the first quarter, citing weak market dynamics.

Suriname, once known as Dutch Guiana and a former colony of the Netherlands until 1975, has announced plans to be a liquefied natural gas producing nation using an FLNG production hull.

Texas LNG, the liquefied natural gas export plant to be constructed by New York-based Glenfarne Group in the Port of Brownsville, has received its last regulatory clearances opening the way for a final investment decision.

Energy Transfer, the owner of pipeline and other assets in the Permian Basin and other shale basins in the Gulf Coast states as well as the Cushing crude oil delivery system and with a currently stalled LNG export project, reported solid first-quarter earnings amid advances in LNG feed-gas pipeline plans.

New Fortress Energy Inc., the US LNG-for-power company, has sold its stake in the Porto de Sergipe Power Plant in northeast Brazil along with its joint venture partner for around $1.3 billion.

New Fortress Energy, the New York-based developer of LNG facilities for gas-fired power in the Caribbean and Latin America, is making steady progress with plans to export Marcellus Basin shale gas produced at plant in Pennsylvania through a port in New Jersey.