Top news of the week Jan 30 – Feb 4

Marubeni, Sojitz ink deal for Indonesia LNG power project

Japanese trading houses Marubeni and Sojitz entered into a long-term power purchase deal with the Indonesian state-owned utility PLN for a gas-to-power project that includes the provision of a floating storage and regasification unit.

Shell simplifies portfolio following BG acquisition with Thai, UK asset sales

The Hague-based LNG giant Shell reached two separate agreements for the sale of its assets in Thailand and UK North sea as part of the portfolio simplification, following its acquisition of BG.

Chevron’s Gorgon project ships 39 cargoes, first LNG from Train 3 expected in 2nd quarter

The Chevron-operated giant Gorgon LNG plant on Barrow Island offshore Western Australia has shipped 39 cargoes of LNG up to date, Chevron’s CEO John Watson said on Friday.

Anadarko shrinks Q4 loss, says Mozambique LNG moving forward

Woodlands-based Anadarko, the developer of the giant Mozambique LNG project, narrowed its loss in the fourth quarter of 2016 than a year ago, when it posted one-time charges of $954 million.

Drewry: LNG shipping rates to remain under pressure in 2017

LNG shipowners are bracing for another tough year as charter rates are expected to remain under pressure for the year 2017, the shipping consultancy, Drewry said in its report.

LNG World News Staff