LNG

Panama’s $1.15 billion AES Colón venture, an integrated LNG import terminal and power plant, is due to start full commercial operation on September 1. Investors inaugurated the project this week.

BW Gas, the gas shipping company, posted record third-quarter earnings before depreciation and disposals of $99.2 million as the LNG and LPG segments significantly increased their operating profit.

Enagas, the Spanish natural gas company and LNG terminals owner, said it plans to build a new reception terminal at El Musel, near the city of Gijón in northern Spain.