Top news of the week June 13-18, 2016

KDB bankrolls U.S. FLNG project

Korea Development Bank said it has agreed to provide US$1.5 billion for the proposed Delfin FLNG project, 50 miles off the coastline of Cameron Parish, Louisiana.

Flex LNG co-founders call it quits

Flex LNG, the company controlled by billionaire John Fredriksen, informed that Jostein Ueland and Trym Tveitnes have resigned from their positions as chief financial officer and chief technical officer.

Trinidad’s LNG production continues to decline

LNG production at Trinidad and Tobago’s sole liquefaction and export facility at Point Fortin declined 13 percent in April as compared to the year before.

Gazprom and Shell ink MoU on Baltic LNG

Russia’s Gazprom and Hague-based LNG giant Shell signed on Thursday a memorandum of understanding regarding the Baltic LNG project.

GE Oil & Gas, Technip to explore digital solutions for LNG industry

GE Oil & Gas, a unit of American multinational conglomerate signed a memorandum of understanding with French engineer Technip aimed at exploring co-development of digital solutions for the liquefied natural gas industry.

LNG World News Staff