LNG

China has begun building a liquefied natural gas import terminal at Huizhou City in the southern province of Guangdong as part of a large petrochemicals complex that could include investments from international energy companies.

Alaska Gasline Development Corp. the developer of the Alaska LNG project, has scheduled a board meeting in Anchorage for May 22 when future key decisions on the venture will be discussed and cost-reduction and other reports considered.

US major ExxonMobil has signed a sales and purchase agreement with Zhejiang Provincial Energy Group to provide liquefied natural gas supplies over a period of 20 years.

Fluor Corp. of the US and its joint venture partner, China Offshore Oil Engineering Corp., have completed two offshore platforms for the nation’s huge Dongfang Gas Fields Development project aimed at meeting rising domestic demand for gas and partly offsetting LNG and pipeline import requirements.

Toshiba Corp. of Japan said it had decided to cancel a plan to dispose of its US LNG business, including volumes from the Freeport liquefaction and export plant being constructed in Texas, to the Chinese ENN group and to relaunch the bidding process.

Cheniere Energy Chief Executive Jack Fusco has provided a positive growth outlook for US liquefied natural gas exports to Asian markets, including China, during an energy forum at Rice University in Houston, Texas, and said LNG would be produced soon at the two newest Cheniere processing Trains.

ExxonMobil Corp. has signed a cooperation framework agreement with the Guangdong provincial government of southeast China to advance discussions concerning the proposed construction of a chemicals complex with an LNG import project as part of the package.