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May 26th, 2011 LNG Headlines

UK imports more gas by ship than Norway pipelines Reuters Africa British imports of liquefied natural gas (LNG) surged 62 percent in the first three months of 2010, displacing Norwegian pipelines as the biggest source of imported gas for the first time, government data showed.

UPDATE 1-Gazprom, Japan to invest $7 bln in LNG plant Reuters - Gazprom (GAZP.MM) and a consortium of Japanese companies will invest $7 billion to build a liquefied natural gas (LNG) plant near the Pacific port of Vladivostok, a source in Gazprom said on Thursday. ...

Daewoo Shipbuilding Wins Order for Two LNG Carriers From Awilco BusinessWeek - Daewoo Shipbuilding & Marine Engineering Co. said it received an order to build two liquefied natural gas carriers from Awilco LNG AS of Norway. The contract also includes an option for the customer to order two ...

UK gas up on less LNG Reuters Africa British prompt gas prices traded slightly higher on Thursday due to weaker input from liquefied natural gas (LNG) terminals and mixed weather next week, and curve contracts followed early gains in the oil market. ...

Desperate gas majors seek scarce LNG tankers Calgary Herald - Veteran oil tanker executive Ulf Ryder isn't used to getting personal calls from energy company executives desperate to lease his ships. But after his Swedish shipping company Stena Bulk recently bought its ...

Gazprom to launch 10 mln t LNG plant in 2016-source Reuters - UFA, Russia May 26 (Reuters) - Gazprom (GAZP.MM) and Japanese companies plan to build a liquefied natural gas plant near Russia's Pacific port of Vladivostok in 2016 with capacity of 10 million tonnes a year, a Gazprom source said on Thursday. ...

A Company Just Revolutionized the Natural Gas Business Motley Fool - According to Evaluate Energy, Chevron is now, by far, the fastest growing LNG producer in the world. The company's $45 billion Gorgon LNG project in Western Australia is on course for first gas in 2014. ExxonMobil and Shell also have a stake in this ...

CNPC approves subsidiary LNG stake Upstream Online - ‎China National Petroleum Corporation has approved a move by subsidiary China Huanqiu Contracting & Engineering Corporation (HQCEC) to take a 19.9% stake in Australian company Liquefied Natural Gas. HQCEC also confirmed the Australian company had met ...

BP May Divert Sempra LNG From Tangguh to Gas Negara's Terminal in Sumatra Bloomberg - ‎ BP Plc (BP/) may divert liquefied natural gas from its Tangguh plant in Indonesia meant for Sempra Energy (SRE)'s port in the US to PT Perusahaan Gas Negara's planned terminal in ...

Pakistan seeks proposals to import 500 mln cfd LNG DAWN.com - ‎Energy-starved Pakistan needs gas to feed its power sector as it faces a shortfall that often peaks at 5000 megawatts per day in summer. – File Photo ISLAMABAD: Pakistan has invited expressions of interests from foreign and domestic companies for the ... 

PNG landowners threaten LNG project shutdown Australia Network News - The Tuguba, and other landowners from the Hela region, want action to include them more fully in opportunities for infrastucture and business development and benefit sharing. [Reuters] Landowners in the Papua New Guinea highlands are threatening to ...

Shell developing first floating LNG plant Gas Today - ‎Royal Dutch Shell has taken the Final Investment Decision on the Prelude Floating Liquefied Natural Gas (FLNG) Project in Australia, building the world's first FLNG facility which will produce gas from offshore fields, and liquefy it onboard by cooling ... 

S.Korea Daewoo wins LNG ship order from Norway Reuters Africa South Korea's Daewoo Shipbuilding & Marine Engineering has landed an order to build at least two and up to four LNG carriers for Norway's Awilco LNG, the South Korean shipbuilder said on Thursday. However, Daewoo declined to ...

Uruguay/Argentine LNG floating terminal project attracts 39 industry leaders MercoPress - ‎Uruguay and Argentina have received interest from 39 companies to build infrastructure for a floating LNG terminal, a project they are fast-tracking to start operations by the end of 2013, a project adviser said Tuesday. The companies are preparing ...

US LNG export proposals may be too optimistic: SocGen analyst Platts - ‎Days after Cheniere Energy received received approval from the Department of Energy to export US natural gas to non-Free Trade Agreement countries from its Sabine Pass LNG terminal in Louisiana, an analyst cautioned that the company's construction ...

Jamaican anti-corruption body calls to end LNG auction it says was tainted Platts - ‎Jamaica's independent anti-corruption commission has recommended that the tender process for a planned LNG project there be immediately abandoned because of overwhelming evidence the process was unfair, tainted and irregular, according to a copy of the ...

Fos Faster LNG terminal plans advance Oil & Gas Journal - Following preliminary studies over 2006-09 and a public debate that took place in 2010's second half, plans to build the Fos Faster LNG terminal at Fos-sur-Mer, France, are advancing. Royal Dutch Shell PLC and Koninklijke Vopak NV ...

AP: Australia - Origin to raise new LNG funds Project Finance International UBS, JPMorgan, Deutsche Bank and Goldman Sachs have the mandate from Origin Energy to raise A$1bn through an offshore hybrid issue to fund APLNG project in Qld. Origin and its partner ConocoPhillips are set to make an FID on the project next month. ...

LNG Technology Reaches Critical Mass with Asia-Pacific Projects OilVoice Liquid Natural Gas came to the fore in 2010, with massive investments made in developing Australasian gas fields and Asian supply pipelines, and a surge in interest from the major oil companies. John Richards, CEO of oil and gas resourcing and ...

Abort LNG project - OCG Go Jamaica - ‎The Office of the Contractor General (OCG), says its investigation into the award of a contract in relation to government's proposed Liquefied Natural Gas (LNG) project has uncovered glaring irregularities which require criminal investigation. ...

ExxonMobil fires salvo at Woodside over gas talks The West Australian - Scarborough and the nearby Thebe field, which contain a combined 10 trillion cubic feet of gas, lie in the Carnarvon Basin, 180km west of Woodside's Pluto find, which triggered development of the $14 billion one-train LNG plant on the Burrup Peninsula. ...

Australia's Origin Energy plans A$1 bln hybrid offer-report Reuters - Origin is expected to hold a roadshow in the UK later this week as it works towards a mid-2011 final investment decision for its Australia Pacific LNG Project with ConocoPhillips , the paper said. Origin and ConocoPhillips each own 42.5 percent of the ... 

Golar LNG Energy - Mandatory Notification of Trade Reuters (press release) - ‎Golar LNG Energy Limited ("Golar Energy" or the "Company") reports that following the closing of Golar LNG Limited's Voluntary Offer Golar LNG Limited has acquired an additional 10238516 Golar Energy shares at NOK 26.80 per share. ...

Escobar Ready To Receive LNG, Significantly Lifting Argentina's LNG Capacity Oil and Gas Insight (registration) BMI View: The Escobar LNG terminal is expected to receive its first Cargo in June. With the start-up of the terminal, Argentina's LNG import capacity will increase to 8.4bcm in 2012. As Argentina already has LNG import overcapacity, BMI does not expect ...