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Cheniere plans to buy 200 LNG cargoes a year
Houston, Sept 7 (LNG journal)
– Cheniere Energy has asked for proposals from global suppliers as it revealed plans to buy up to 200 cargoes a year of liquefied natural gas for the North American market. >>more

KBR, Technip awarded $2Bln Yemen contract
Houston, Sept 7 (LNG journal)
– KBR, the engineering subsidiary of the US company Halliburton, and its joint venture partners France's Technip and JGC Corp. of Japan won a $2 billion lump-sum, turnkey contract to build Yemen's first liquefied natural gas plant. >>more

Spain's $28Bln deal would affect LNG market
Barcelona, Sept 6 (LNG journal)
– Spain's Gas Natural Group, one of the largest European players in the liquefied natural gas market, on Tuesday made a hostile bid of over $28 billion in cash and shares for Spanish power producer Endesa in what would be the world's largest ever utility takeover deal. >>more

Egypt LNG Train 2 starts up nine months early
London, Sept 5 (LNG journal)
– BG Group of the UK, a stakeholder in the Egyptian liquefied natural gas project, announced on Monday the start-up of the venture's Train 2 nine months ahead of schedule. >>more

BP discussing stake in Gorgon LNG project
Sydney, Sept 5 (LNG journal)
– UK oil major BP is negotiating a stake in part of Chevron Corp's proposed US$8.5 billion Gorgon liquefied natural gas project off Western Australia. >>more

Gazprom's first ever LNG export to US arrives
New York, Sept 2 (LNG journal)
– Gazprom's first liquefied natural gas export to the United States was scheduled to dock Friday at the Cove Point terminal in the East Coast state of Maryland, officials said. >>more

Woodside buys Gryphon of US for $282.7M
Houston, Sept 2 (LNG journal)
– Woodside Petroleum, the Australian liquefied natural gas and oil company, said it has expanded its offshore interests in the Gulf of Mexico by acquiring the Houston-based company, Gryphon Exploration Co., for US$282.7 million. >>more

LNG player Distrigas reports 16% profit fall
Brussels, Sept 2 (LNG journal)
– Distrigas, the Belgian-based energy company and liquefied natural gas player, said first-half net income fell more than 16 percent as increased domestic competition failed to offset external sales growth.>>more

UK's High-Point Rendel wins US LNG contract
London, Sept 2 (LNG journal)
– High-Point Rendel, the UK-based consulting firm, has been appointed by Northern Star LNG of the US to assist in the permitting process for its new receiving terminal in Oregon. >>more

Cheniere secures $600M Credit Suisse loan
Houston, Sept 1 (LNG journal)
– Cheniere LNG has arranged a $600 million senior secured seven-year loan with global Swiss bank Credit Suisse at the London Interbank Offered Rate (LIBOR) plus 2.75 percent. >>more

Woodside says it faces LNG cargo shortfall
Sydney, Sept 1 (LNG journal)
– Woodside Petroleum Ltd., the Australian liquefied natural gas company, said on Thursday it was anticipating a shortfall of at least seven LNG cargoes from the unscheduled shutdown of one of its North West Shelf processing trains. >>more

Fluxys posts profit fall, margins trimmed
Brussels, Sept 1 (LNG journal)
– Fluxys, the Belgian gas transport and storage company and liquefied natural gas receiving terminal owner, posted a 14 percent fall in first-half net income on Thursday as the country's regulators moved to reduce gas profit margins. >>more

Nigeria fire will lead to LNG shortages in US
Houston, Aug 31 (LNG journal)
– The fire in a pipeline to Nigeria Liquefied Natural Gas Co.'s Bonny Island terminal has shut down Trains 2 and 3 and limited output from Train 1 and the impact will soon be felt by US buyers, said consulting firm Commercial Services Co. >>more

US gas prices surge over $12 on output cuts
London, Aug 31 (LNG journal)
– US natural gas spot and futures prices surged over $12 per million British thermal units Wednesday as the industry counted the cost of output cuts during Hurricane Katrina. >>more

Woodside Energy shuts LNG train for repair
Perth, Aug 31 (LNG journal)
– Woodside Energy said on Wednesday it shut one of four liquefied natural gas process trains at its North West Shelf plant, at Karratha, Western Australia, to carry out repairs. >>more

CNOOC seeks LNG assets as profits rise
Hong Kong, Aug 30 (LNG journal)
– CNOOC Ltd., the third-largest Chinese oil and gas company, reported a 69 percent advance in first-half earnings and said it was seeking more participation in LNG. >>more

Nigeria LNG cuts output after pipeline fire
Lagos, Aug 30 (LNG journal)
– Nigeria LNG said a leak in its main gas supply pipeline caused a fire and has forced the company to reduce production from its Bonny liquefaction plant on August 26. >>more

US natural gas near record on Katrina damage
London, Aug 30 (LNG journal)
US natural gas futures prices were near record highs on Tuesday after Hurricane Katrina disrupted supplies and led to the temporary closure of the Henry Hub delivery point. >>more

Yemen LNG venture finally given go-ahead
Seoul, Aug 30 (LNG journal)
South Korean energy group SK Corp. said Tuesday the liquefied natural gas venture in Yemen's Gulf of Aden, led by French oil and gas major Total and involving Hunt Oil Co. of the US and others, has finally been given the go-ahead. >>more

Golar LNG posts loss on swaps, spot business
London, Aug 30 (LNG journal)
Golar LNG, the time-charter and carrier leasing company, on Tuesday posted a second-quarter net loss of $4.4 million because of the impact of the revaluation of interest rate swaps and foreign exchange losses on company leases. >>more

Australians pursue Californian LNG project
Sacremento, Aug 26 (LNG journal)
BHP Billiton's $4 billion Cabrillo Port proposal for a liquefied natural gas receiving terminal off the coast of California was to be discussed in a meeting between officials of Governor Arnold Schwarzenegger and a visiting Australian minister. >>more

LNG entrant Vopak posts profits increase
Rotterdam, Aug 26 (LNG journal)
Royal Vopak, the biggest oil and chemicals tank-storage company in the world that's now entering the liquefied natural gas business, posted a 15 percent increase in operating profit as demand was steady from Asia to the US. >>more

US natural gas futures firm after mixed week
London, Aug 26 (LNG journal)
US gas futures were ending a mixed week trading at around $9.70 per million British thermal units after falling below $9 per MMBtu on Aug 19, as the US Department of Energy reported stocks were still above the five-year average. >>more

World's No. 1 shipping company lauds LNG
Copenhagen, Aug 25 (LNG journal)
AP Moeller-Maersk, which intends to become a bigger player in the liquefied natural gas market with five new carriers under order with Samsung Heavy Industries, said its tankers and shipping division posted a 28 percent rise in net profit. >>more

India moves to end LNG carrier restrictions
New Delhi, Aug 25 (LNG journal)
India's Department of Commerce has been instructed by the Cabinet to speed up the end of restrictions on the use of wholly foreign-controlled liquefied natural gas carriers as the country tries to boost its LNG imports. >>more

Centrica shares rise amid bid speculation
London, Aug 24 (LNG journal) Centrica, the UK gas and energy supplier and trader with interests in North America and Europe, saw its shares rise more than 5 percent on Wednesday amid speculation it could be the target of a $16 billion takeover bid.
>>more

BHP Billiton sees ‘favourable impact' of LNG
London, Aug 24 (LNG journal)
BHP Billiton , a participant in Australia's North West Shelf (NWS) liquefied natural gas venture, said LNG had a “favourable impact” as its energy division posted a 31 percent increase in pretax annual profit to US$1.8 billion. >>more

Austria's OMV sells Qatar asset to LNG player
Vienna, Aug 24 (LNG journal)
Austria's OMV, the leading oil and gas group in Central Europe, said it sold its exploration and production assets in Qatar to liquefied natural gas player Marubeni Corp. of Japan for an undisclosed sum as it re-organized its portfolio. >>more

CB&I wins $100m Canadian LNG contract
Houston, Aug 23 (LNG journal)
CB&I, one of the world's leading engineering, procurement and construction (EPC) companies, said Tuesday it was awarded a lump-sum turnkey contract valued at more than $100 million for the design and construction of storage tanks for a new Canadian liquefied natural gas import.
>>more

Shell still interested in Venezuelan gas role
London, Aug 23 (LNG journal)
Royal Dutch Shell said Tuesday it was still interested in being a partner in Venezuela's gas activities, even as press reports in the country said the Venezuelans had ended the $2.7 billion Mariscal Sucre liquefied natural gas project.
>>more

India seeks RasGas LNG surplus among others
New Delhi, Aug 23 (LNG journal)
India is targeting the estimated 1.25 million tonnes of surplus liquefied natural gas produced by Qatar's Ras Laffan Liquefied Natural Gas Co. and is also looking at other supply possibilities as it struggles to meet rising domestic demand. >>more

Sempra sells storage to focus on core LNG
San Diego, Aug 22 (LNG journal)
Sempra Energy said it would sell an indirect subsidiary whose main assets are two natural gas storage facilities as it concentrated on its core liquefied natural gas business in that sector.
>>more

Largest LNG carrier owner sees profit fall
Kuala Lumpur, Aug 22 (LNG journal)
Malaysia International Shipping Corp., the world's largest single owner-operator of liquefied natural gas carriers, reported a fall of more than 7 percent in fiscal 2006 first-quarter profits as it sold fewer surplus ships.
>>more

Cheniere raising $500m for Gulf Coast LNG
Houston, Aug 22 (LNG journal)
Cheniere LNG Holdings of the US is raising $500 million for its remaining equity requirements for the Sabine Pass LNG receiving terminal on the Louisiana Gulf Coast and other needs, said parent company Cheniere Energy Inc.
>>more

ExxonMobil Sakhalin-1 extraction set to start
Moscow, Aug 19 (LNG journal)
The Sakhalin-1 project led by ExxonMobil in the Russian Far East begins oil and gas extraction next month, officials said Friday. The project's sister venture Sakhalin-2 , with shareholders such as Shell, begins producing in 2008 and includes one of the world's largest liquefied natural gas projects.
>>more

Venezuela to cut back on US export project
Caracas, Aug 19 (LNG journal)
The Venezuelan state oil and gas company, Petroleos de Venezuela, is presenting its strategic plans at a meeting in the capital on Friday that are likely to include the re-organisation of the $2.7 billion Mariscal Sucre project to supply liquefied natural gas to the United States.
>>more

US natural gas futures fall; storage is high
London, Aug 19 (LNG journal)
US natural gas futures fell on Friday below $9 per million British thermal units after the Department of Energy reported gas stocks at almost 6 percent above the five-year average inventory level.
>>more

BP-led Tangguh project raises $3Bln financing
London, Aug 18 (LNG journal)
British oil and gas major BP and its partners in the Tangguh liquefied natural gas project in Indonesia are reported to have concluded 10-year loan agreements for about $3 billion in financing from a group of Asian banks.
>>more

Gazprom may make soccer billionaire richer
London, Aug 18 (LNG journal)
Gazprom, which plans to become one of the world's leading liquefied natural gas players , is reportedly planning to spend $10 billion to buy the Russian oil company Sibneft, owned by billionaire Roman Abramovich and his partners.
>>more

Petroplus reveals Rotterdam LNG project II
Rotterdam, Aug 17 (LNG journal)
Petroplus International, the privately-held midstream oil and gas company, has announced plans for a liquefied natural gas terminal in Rotterdam, giving the world's largest port its second LNG project this week.
>>more

Woodside’s LNG production boosts revenues
Perth, Australia, Aug 17 (LNG journal)
Woodside Petroleum Ltd, the Australian liquefied natural gas and oil and products company, reported that six-month profits before one-time items rose 20 percent to A$448.5 million (US$342m) compared with A$374.8m in the half-year period last year as production and revenue rose.
>>more

Japanese set up LNG shipping firm in Nassau
Tokyo, Aug 17 (LNG journal)
Tokyo Electric Power Co. and Kyushu Electric Power Co. have announced the setting up of a joint company in Nassau, Bahamas, to own and manage a vessel to transport liquefied natural gas to strengthen the supply chain.
>>more

Mitsubishi signals solid LNG boiler demand
Tokyo, Aug 17 (LNG journal)
Mitsubishi Heavy Industries Ltd., the Japanese company that builds LNG carriers and a host of other heavy industrial products and facilities, plans to boost output capacity for liquefied natural gas boilers used in carriers.
>>more

Gazprom share surge puts value over $100Bln
London, Aug 16 (LNG journal)
Gazprom, the world's No. 1 natural gas company that plans to supply LNG to North America for the next 50 years, saw its shares jump to a record high in Moscow and London after reporting a surge in net income.
>>more

Vopak advances Rotterdam LNG terminal plan
Rotterdam, Aug 16 (LNG journal)
Royal Vopak, the world's leading tank terminal storage and handling company, said it's started a feasibility study with Dutch gas company, Nederlandse Gasunie, to develop a liquefied natural gas terminal at Rotterdam.
>>more

US consulting firm upgrades WSA reports
Houston, Aug 15 (LNG journal)
US risk management services firm, ABS Consulting, said it's now using Geographical Information Systems to help clients perform Waterway Suitability Assessments (WSA) for proposed LNG terminals.
>>more

UK wins component order for China carrier
London, Aug 15 (LNG journal)
UK company Teddington Engineered Solutions said Monday it won a contract to supply components for the first liquefied natural gas tanker to be built in China.
>>more

Gazprom’s credit rating rises despite concerns
Moscow, Aug 12 (LNG journal)
Gazprom, potentially one of the biggest players in liquefied natural gas, saw its credit rating upgraded on Friday, even as continued concern was expressed about the company's operating cash flow and its high costs.
>>more

RasGas builds up carrier fleet for 2008
Doha, Aug 12 (LNG Journal)
Qatar's Ras Laffan Natural Gas Co. has awarded 25-year contracts to a group of five Japanese companies to ship liquefied natural gas to North America beginning in August 2008, the companies said.
>>more

India’s Dabhol LNG project gets big tax breaks
New Delhi, Aug 12 (LNG journal)
India's state-run gas transport company, GAIL, said on Monday the European-led consortium that abandoned the $2.9 billion Dabhol liquefied natural gas project in 2001 had now agreed to complete it by July next year.
>>more

Tidelands chooses LNG consultant for Mexico
San Antonio, Texas, Aug 11 (LNG journal)
– Tidelands Oil & Gas Corp. said it signed a consulting services agreement for its liquefied natural gas project in Northeast Mexico with CenterPoint Energy Pipeline Services.
>>more

Asian forum to discuss LNG industry security
Singapore, Aug 11 (LNG journal)
– The Asia Pacific Economic Cooperation forum of regional government said its energy group would be discussing the security of liquefied natural gas supply at a meeting next month in Australia.
>>more

Sempra credit raised; stocks get LNG boost
New York, Aug 11 (LNG journal)
– Sempra Energy said the amount of money it can borrow from its revolving credit facility has been increased to $2.5 billion, up from $1.5 billion.
>>more

RasGas supplier Air Products expands plant
New York, Aug 10 (LNG journal)
- Air Products of the US, a leading supplier to the liquefied natural gas industry, said it plans to increase manufacturing capacity for its LNG production equipment because of rising orders.
>>more

India debates pricing of Shell’s Hazira LNG
Delhi, Aug 10 (LNG journal)
- Royal Dutch Shell’s Indian unit has reportedly offered to supply liquefied natural gas to India’s power sector at a price of $6.1 per million British thermal units (mmbtu) from its Hazira terminal in the north-west state of Gujarat.
>>more

Japan’s power duo sign Darwin supply accord
Tokyo, Aug 9 (LNG journal)
- Tokyo Electric Power Co. and Tokyo Gas Co. said they signed a contract with Darwin LNG, controlled by US major ConocoPhillips, to purchase a combined 3 million metric tons of liquefied natural gas per annum from a gas field off East Timor beginning next January.
>>more

Gazprom achieves first LNG swap trade deal
London, Aug 8 (LNG journal)
- The UK-based marketing and trading arm of Russia's gas monopoly, Gazprom, said it had clinched its first liquefied natural gas swap deal as part of its strategy to learn more about the business.
>>more

Woodside Plans new Pluto field LNG project
Perth, Aug 8 (LNG journal)
- Australia’s Woodside Petroleum said it has begun planning a new liquefied natural gas project worth up to US$ 3.8 billion at its Pluto gas field on the North West Shelf, off the coast of Western Australia.
>>more

Anadarko names ‘Al’ Walker as new CFO
Houston, Aug 8 (LNG journal)
- Anadarko Petroleum Corp, whose liquefied natural gas interests include the proposed Bear Head import terminal in Nova Scotia, has named R. A. “Al” Walker as its new chief financial officer, effective September 6.
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LNG imports to US hit 3-year low for month
Houston, Aug 8 (LNG journal)
- Imports of liquefied natural gas to the US are likely to be at a three-year low for August due to exceptional circumstances, including US receiving terminal turnarounds and increased demand from Spain that's reducing imports to the East Coast.
>>more

Gazprom chooses nine on Shtokman field list
Moscow, Aug 8 (LNG journal)
- Gazprom said it's chosen a preliminary list of nine companies to compete for a liquefied natural gas project with a price tag of at least $10 billion in the Shtokman field in the Barents Sea.
>>more

Alaska seeks to place its gas at LNG terminals
Anchorage, Aug 5 (LNG journal)
- The Alaska Gasline Port Authority said it has entered discussions with four companies developing liquefied natural gas receiving terminals on the West Coast to place Alaskan gas.
>>more

Exxon Mobil's CEO announces retirement
Irving, Texas, Aug 4 (LNG journal)
- Exxon Mobil Corp., the world's largest company by stock market value, said Chief Executive Lee R. Raymond intends to retire at the end of 2005 after more than 42 years of service.
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Chiyoda says LNG contracts boosted income
Tokyo, Aug 4 (LNG journal)
- Chiyoda Corp. of Japan, one of the world leading engineering and construction companies in the liquefied natural gas industry, said it posted net profit of $43.5 million for the first-quarter of 2005 to June 30 as LNG projects boosted income.
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US natural gas prices up; Henry Hub at $8.75
Washington, Aug 4 (LNG journal)
- US natural gas spot prices reached their highest since February 2003 this week because of high demand for power to run air-conditioning and near-record high crude oil prices, the US Department of energy said in its weekly natural gas report.
>>more

Statoil and Sonatrach sign LNG agreement
Oslo, Aug 4 (LNG journal)
- Algerian state oil and gas company Sonatrach and Norwegian energy company Statoil said they signed a co-operation agreement to develop their liquefied natural gas businesses.
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RasGas adds to supply for its new LNG train
Doha, Aug 4 (LNG journal)
- Qatar's liquefied natural gas company, RasGas, said production has started from its offshore Wellhead Platform 5 located at Ras Laffan's “B” block, adding 4.7 million tonnes per annum to existing production of 11.55m tonnes.
>>more

Shell says Sakhalin 2 still on track for 2008
London, Aug 3 (LNG journal)
- Royal Dutch Shell said Wednesday that deliveries from Sakhalin 2, the world's biggest liquefied natural gas project, remain on schedule for 2008, even as Japanese press reports said further delays were likely on environmental grounds.
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Indians say Iran contract deadlocked on price
New Delhi, Aug 3 (LNG journal)
- Indian officials say Iran is seeking higher prices for a deal to sell an additional 2.5 million tonnes per annum of liquefied natural gas after the two countries sealed a contract worth $22 billion for 5m tonnes per annum of LNG.
>>more

S. Korean yards win nine LNG carrier orders
Seoul, Aug 1 (LNG journal)
- Two of the world largest shipyards, South Korea's Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering, said Monday they had won orders between them for nine liquefied natural gas carriers.
>>more

Statoil says Snohvit budget is on track
Oslo, Aug 1 (LNG journal)
- Norwegian oil and gas company Statoil said Monday that its Snohvit liquefied natural gas project in the Barents Sea remained on schedule and the company didn't foresee any cost over-runs on the $8 billion project.
>>more

Spain’s Repsol takes stake in Peru project
Madrid, Aug 1 (LNG journal
- Spanish oil and gas company Repsol said it signed a final agreement with Texas Hunt Oil of the US to take a 20 percent stake in the Peru liquefied natural gas project.
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Sempra and ENI sign Lake Charles LNG deal
San Diego, Aug 1 (LNG journal)
- Sempra LNG said Monday it concluded a 20-year agreement to provide ENI of Italy with about 40 percent of the capacity of its Cameron liquefied natural gas receipt terminal under development near Lake Charles, Louisiana.
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Samudera Shipping signs its first LNG contract
Singapore, July 29 (LNG journal)
- Samudera Shipping Line said it signed its first LNG contract yesterday, as part of a consortium that includes NYK of Japan and Sovcomflot of Russia, to carry product from the BP-operated terminal in Indonesia's Tangguh field.
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China’s next five-year plan will boost LNG
Beijing, July 29 (LNG journal)
- China's annual consumption of natural gas will reach 100 billion cubic meters during the country's 11th Five-Year Plan from 2006 to 2010 and liquefied natural gas will account for one-third of the total, the official China Securities Journal reported, citing the National Development and Reform Commission.
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Cheniere files to expand Sabine LNG terminal
Houston, July 29 (LNG journal)
- Cheniere Energy Inc., the US liquefied natural gas company, said Friday that its Sabine Pass LNG affiliate has filed with the US Federal Energy Regulatory Commission to expand the capacity of its receiving terminal from 2.6 billion cubic feet per day to 4 billion cubic feet per day.
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Shell’s LNG sales volumes offset by charge
London, July 28 (LNG journal)
- Royal Dutch Shell's gas and power earnings, which include liquefied natural gas, were just $11 million in the second quarter of 2005 compared to $334 million a year ago because of charges relating to the divestment of power generation assets.
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Exmar reports continued LNG carrier overhang
Antwerp, July 28 (LNG journal)
- The liquefied natural gas business continues to suffer from an overhang of carrier capacity for the spot market, according to Exmar, the Belgian-based shipping and offshore services company.
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BG Group LNG revenues drop on higher costs
London, July 27 (LNG journal)
- UK energy company BG Group said revenue and operating income from its liquefied natural gas business fall 14 percent in the second quarter of 2005 compared with the same period a year ago because of higher business development costs, lower volumes and the impact of the weaker dollar.
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Teekay wins two Tangguh carrier contracts
Nassau, Bahamas, July 27 (LNG journal)
- Teekay Shipping Corp., the world's largest tanker operator in terms of numbers, said it won contracts for the Tangguh liquefied natural gas project in Indonesia for two newbuild 155,000 cubic metres LNG carriers.
>>more

India’s ONGC proposes imports from Sakhalin
Mumbai, July 26 (LNG journal)
- India's Oil and Natural Gas Corp. (ONGC) said it submitted a proposal to the Indian Petroleum Ministry to import liquefied natural gas amounting to at least 3 million tonnes a year from the Sakhalin-I terminal in Russia's Far East.
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Gaz de France receives first Egyptian cargo
Paris, July 25 (LNG journal)
- Gaz de France, which plans to become a major liquefied natural gas player in Europe and the United States, received its first cargo from Egypt on July 22 under a long-term supply agreement.
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RasGas expansion taps world capital markets
London, July 25 (LNG journal)
Qatar's Ras Laffan liquefied natural gas expansion projects have started raising finance in the international capital and banking markets with a combination of bond sales and loans that could raise as much as $3.22 billion in the weeks ahead.
>>more

Japanese carriers win BP Tangguh contracts
Tokyo, July 24 (LNG journal)
Japanese tanker companies Kawasaki Kisen Kaisha and Nippon Yusen KK have won contracts to ship liquefied natural gas from the BP-operated Tangguh field in Indonesia to Mexico and South Korea
>>more

China’s Fujian project secures $500m loan
Beijing, July 23 (LNG Journal)
- China's Fujian liquefied natural gas project has secured a $500 million loan from a group of domestic banks for financing of a terminal and infrastructure to receive imports from Indonesia's Tangguh gas field, the Chinese Ministry of Commerce said.
>>more

Texan group endorses BP's Pelican project
Galveston, Texas, July 23 (LNG journal)
-The Galveston Economic Development Partnership has endorsed BP’s plans to build a liquefied natural gas terminal on Pelican Island.
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China's first self-build LNG carrier progresses
Shanghai, July 18 (LNG journal)
- China's first self-build liquefied natural gas tanker will leave dry dock in Shanghai in four months' time and shipbuilders Hudong-Zhonghua now have three other LNG tanker orders in hand with a possible fourth to come, the official China Daily reported Monday.
>>more

European group to revive Dabhol LNG build
Mumbai, July 18 (LNG journal) India's state-run gas transport company, GAIL, said on Monday the European-led consortium that abandoned Enron's $2.9 billion Dabhol liquefied natural gas and power project in 2001 had now agreed to complete it by July next year.
>>more

Repsol adds gas to Trinidad LNG stakes
Madrid, July 19 (LNG journal)
- Repsol, the Spanish oil and gas company, said Tuesday it had exercised a $229 million buy option for the purchase from BP of one gas field and three oil fields off the southeast coast of Trinidad & Tobago.
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South Korea says new contracts lower LNG bill
Seoul, July 18 (LNG journal)
- South Korea said on Monday it concluded long-term liquefied natural gas import contracts with three foreign suppliers that are expected to result in savings on LNG spending of $12.5 billion over 20 years from 2008.
>>more