Top News of the Week March 11 – 16, 2013

New Study Says U.S. Should Use Gas in Manufacturing Rather than Exporting as LNG

America’s Energy Advantage (AEA) called on the Department of Energy to use a new report from consultants at Charles River Associates (CRA) to overcome the rebuttable presumption for LNG exports created by the Natural Gas Act.

Russia: Novatek to Ink Yamal LNG Construction Contract

Russia’s largest independent gas producer Novatek plans to sign the EPC contract on construction of the Yamal LNG terminal in one-two weeks, the company’s CFO Mark Gyetvay said, Interfax informs.

SHI: Huge LNG Order Cancelled (South Korea)

Samsung Heavy Industries (SHI) of South Korea has terminated a $2.39 billion order by FLEX LNG for four LNG FPSO vessels, the company revealed in a filling to the stock exchange.

Malaysia: JGC Scores Petronas LNG Contract

JGC Corporation said that jointly with its Malaysian subsidiary, JGC Malaysia Sdn. Bhd., it has been awarded a contract by PETRONAS LNG 9 Sdn. Bhd., a wholly-owned subsidiary of PETRONAS for the Engineering, Procurement, Construction and Commissioning (EPCC) work for the construction of the 9th LNG Train and its associated facilities in the PETRONAS LNG Complex in Bintulu, Sarawak, Malaysia.

Wood Mackenzie: Global Gas Demand Continues to Grow

While gas demand in Europe will struggle to recover to pre-financial crisis levels until the latter half of this decade, overall global gas demand continues to grow strongly, Ben Hollins, Head of Gas & Power Research for Wood Mackenzie told delegates in a presentation at FLAME 2013 in Amsterdam.

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LNG World News Staff, March 17, 2013