Top news of the week June 27-July 2, 2016
Chevron’s Gorgon LNG project in Australia, one of the largest natural gas projects in the world, is expected to ship its first cargo of LNG on July 3 after the plant was shut down due to mechanical problems in March.
The Chevron-led $10 billion Angola LNG project has cancelled an international supply tender just weeks after the plant in Soyo loaded its first post-shutdown cargo.
The opening of the expanded Panama Canal paves the way for the transit of liquefied natural gas carriers transporting volumes from the emerging US Gulf Coast LNG export projects.
The liquefied natural gas (LNG) market is expected to be oversupplied over the next few years due to the start-up of new projects in Australia, the U.S. and Russia, according to a report by the Qatar National Bank.
RasGas of Qatar on Wednesday entered into an agreement with EDF of France to supply up to 3 million tons of LNG per year to the Dunkerque terminal.
LNG World News Staff