Top news of the week August 18-23, 2014

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