Top News of the Week Feb 25 – Mar 2, 2013

Leighton: Gorgon Contract Value Doubles, Australia

The value of Leighton Contractors’ contract to deliver the civils and underground works package for Chevron-operated Gorgon Project has increased by $975 million to an estimated value of $1.789 billion.

Shell Buys Repsol LNG Assets, Spain

Repsol of Spain said it has reached an agreement with Shell for the sale of its LNG assets for $6.7 billion which includes the minority stakes in Atlantic LNG (Trinidad & Tobago,) Peru LNG and Bahia de Bizkaia Electricidad (BBE) as well as the LNG sale contracts and time charters with their associated loans and debt.

Gazprom M&T Signs HoA with Tamar FLNG Consortium, Israel

Gazprom Marketing & Trading Switzerland AG and Levant LNG Marketing Corporation executed the Heads of Agreement (HOA), outlining the main terms of an exclusive offtake arrangement from Tamar floating LNG project for a 20 year period.

Canada: Shell Consortium Gets Nod for LNG Export Licence

Joe Oliver, Canada’s Minister of Natural Resources, announced the approval of a long-term export licence to LNG Canada Development Inc. to export liquefied natural gas from the terminal proposed by the Shell consortium in Kitimat.

Eni Finds More Gas Off Mozambique

Eni has made a new natural gas discovery within the Mamba Complex, in Area 4, offshore Mozambique, at the Coral 3 delineation well, which is the eighth well drilled back to back in Area 4.

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LNG World News Staff, March 03, 2013