PetroChina rethinking its LNG strategy
PetroChina was forced to think over its strategy of producing LNG as transport fuel to over 80,000 LNG vehicles on China’s roads, as its unit, Kunlun Energy shut down two major plants in the past month.
Mozambique parliament opens doors to LNG law
Mozambique’s parliament approved a draft law that allows a ‘special regime’ for the development of LNG projects relating Areas 1 and 4 of the Rovuma Basin.
Moody’s: Japanese shipping giants to face high debt levels on LNG investments
Moody’s Japan K.K. says that new investments by Japanese shipping companies in tankers to carry liquid natural gas (LNG) will keep their debt levels high and slow deleveraging.
Oil Search: both PNG LNG trains operating at full capacity
Oil Search said on Tuesday that both PNG LNG project trains are now operating at full capacity, just three months after first production.
Inpex transfers Ichthys LNG interest to Kansai Electric
Inpex of Japan said it has agreed to transfer 1.2% of its equity interest in the Ichthys LNG project in Australia to Kansai Electric Power.
LNG World News Staff, August 24, 2014