LNG

PNG expansion discussions

Oil Search, the Papua New Guinea-based energy and LNG company, said efforts were now focused on the P’nyang Gas Agreement, with discussions between the PNG government and ExxonMobil, the operator of P’nyang, now taking place to clear the way for a doubling of LNG production to almost 20 million tonnes per annum.

Petronas in Korea deal

Petronas, the Malaysian state-backed energy company and LNG supplier, said it signed a Sale and Purchase Agreement (SPA) with Korea Midland Power, the South Korean electricity generating company. The accord is for 240,000 tonnes per annum of LNG for an initial term of five years. Korea Midland is based in Boryeong, the port on the Yellow Sea coast where the nation’s newest of its six LNG import terminals is located.

NYC shipping forum today

Senior executives from leading LNG, oil and product tanker shipping companies will today discuss the trends, developments and outlook of the global commodities and shipping markets at the Annual New York Maritime Forum at The Metropolitan Club in New York City. Executives from 34 shipping and maritime companies will attend the event held in cooperation with the New York Stock Exchange, the Nasdaq global exchange, New York City Economic Development Corp. and the Port Authority of New York and New Jersey.