LNG

Following last month's deal with Chart Industries, LNG Ltd has signed two more key supplier alliance agreements with Siemens Energy and EthosEnergy Group for its four train Magnolia LNG venture in Louisiana and future projects.

A decade-old $22 billion LNG supply contract - the cheapest deal ever struck by India's GAIL - could be revived if negotiations with National Iranian Gas Export Company (NIGEC) prove successful.

Aug 24 -Seabed survey company Bibby HydroMap has started to examine the proposed operations of a Höegh LNG's FSRU on the proposed LNG project off Morecambe Bay. Works include geophysical, geotechnical and environmental surveying of the pipeline route to shore and will be undertaken using a multi-vessel approach.

Struggling to compete in oversupplied LNG markets, "US export capacity holders are likely to operate without regard to their sunk cost tolling fees and deliver gas at a cost of feedstock plus transport plus margin," suggests Ross Wyeno, senior energy analyst at Platts' Bentek Energy.

A Vancouver Island First Nation has reached a unique deal with Steelhead on a 6 mtpa FLNG project in the Saanich Inlet.

Volumes of US shale gas available for export are limited by rising domestic demand as the Environmental Protection Agency (EPA) imposes more stringent carbon emission rules for power plants, Juscelino Colares, law professor at Case Western Reserve University told LNG Journal.

Aug 21 - A major gas supplier to Europe, Algeria has been struggling with declining output at mature fields, lack of foreign investment and sluggish demand from its traditional offtakers. In 2014, natural gas exports dropped 17% to 27.44 Bcm, while crude oil and condensate volumes fell 16% to 28.355 million tonnes. LNG exports, in contrast, rose 18% to 17.8 Bcm, affording to Algeria's statistics office.

US-listed Dynagas, GasLog and Golar LNG have created a spot market pooling arrangement in the face of depressed rates. 'Cool Pool' will kick off in September with 14 vessels which will be fixed exclusively for 12 months or less.

Though 49 mtpa of Australian LNG will hit the market over the next two years, Drewry sees "immediate challenges on rates" due to a rising tanker fleet and stabilizing demand, as Japan prepares to restart its nuclear power plants.

IAHL subsidiary, Altenesol, has signed a lump sum turnkey EPC contract with AMCS to build the Nataly-1 liquefaction plant in El Viajano, Colombia.