LNG

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.

Technip, the French engineering and construction firm, said more than 36,000 workers were currently mobilized for its liquefied natural gas projects in Qatar and Yemen and the number was growing.

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.

Gaz de France announced it formally brought into service the world’s largest LNG carrier, which has been named the “Provalys”, and was built in France at a cost of around $255 million.

Indonesia and Japan will discuss LNG imports when Indonesia’s President Susilo Bambang Yudhoyono visits Tokyo, with state-owned energy company Pertamina planning to cut annual exports by as much as 60 percent when some contracts expire in 2010.

Golar LNG, the shipping company with a midstream investment strategy, reported increased operating income of $23.9 million for the third quarter because of improved spot vessel earnings, but still posted a net loss for the three months of $5.9M because of interest rate swaps.

Qatar Gas Transport Co. (Nakilat) said it signed a deal with the shipping arm of Royal Dutch Shell for the management of Qatar's new LNG carrier fleet.

The $700-million Broadwater LNG project to be located in Long Island Sound, off New York State, has gained initial environmental approval from the US Federal Energy Regulatory Commission.

Woodside Energy, the Australian liquefied natural gas producer, said it has a taken stakes in nine exploration blocks in the Santos Basin off southeastern Brazil.

Gazprom, the Russian natural gas company and LNG industry player, has had its credit rating raised because it's so close to the government it would be likely to receive “extraordinary state support in case of distress.”