Top news of the week June 20-25, 2016

MEI: LNG oversupply to stretch to 2024

The latest research by McKinsey Energy Insights (MEI) predicts the LNG oversupply could last until 2024, meaning few projects could reach financial investment decision in the next 12 to 18 months.

Alaska LNG sees first production in 2025

Alaska LNG export project filed its second draft resource report with the U.S. Federal Energy Regulatory Commission noting the project is targeted to start up in 2025.

Shell says will work with UK, EU after Brexit vote

The world’s largest LNG company, Shell said Friday it will work with the UK government and European institutions on any implications for its business from Britain’s decision to leave the European Union (EU).

Golar Power launched

Golar LNG Limited said it has entered into a 50/50 joint venture with investment vehicles affiliated with New York-based private equity firm Stonepeak Infrastructure Partners.

GasLog banks on FSRU potential

Monaco-based owner and operator of liquefied natural gas carriers, GasLog said it is continuing in developing its capabilities in the floating storage and regasification (FSRU) sector.

LNG World News Staff