Top news of the week August 31 – September 5, 2015

WoodMac: LNG projects pushed ahead despite oversupply

Wood Mackenzie said that despite the outlook for global LNG demand looking increasingly subdued, the number of LNG projects proposed to take a final investment decision in 2015 and 2016 has not reduced significantly, in contrast to the 45 upstream oil & gas projects which have postponed FID so far in 2015.

GE’s equipment selected for Russia’s first FLNG

LNG Gorskaya of Russia informed it has awarded a contract to Italy-based Nuovo Pignone, a unit of GE Oil & Gas, to supply equipment for the construction of the country’s first floating liquefaction project.

Cheniere cleared to export more LNG from Corpus Christi

The United States Department of Energy issued an order authorizing Cheniere to export LNG from its stage 3 project (Trains 4 and 5) of the Corpus Christi liquefaction facility, to be located in San Patricio and Nueces Counties, Texas.

EU clears $70 billion Shell-BG deal

LNG player BG said that the $70 billion takeover offer for the company to be made by oil and gas giant Shell has received unconditional merger clearance from the European Commission.

Excelerate scraps Lavaca Bay LNG project

Texas-based Excelerate Energy will no longer pursue the proposed floating liquefied natural gas terminal at Lavaca Bay.

LNG World News Staff