Top News of The Week March 31-April 4, 2014
Williams Partners said that an explosion and fire occurred on Monday at the company’s liquefied natural gas (LNG) facility in Plymouth, Washington. The facility is owned by Williams Partners’ subsidiary Northwest Pipeline.
Despite entering the LNG fuel market with great fanfare in 2011, global oil and gas firm, Royal Dutch Shell, has retreated in recent weeks from plans to develop production capacity throughout North America. Zeus Development Corporation has identified five tactics successful suppliers have been using to outgrow the super major.
Williams Partners provided an update after an explosion and fire occurred on Monday at its liquefied natural gas facility outside Plymouth, Washington.
Cheniere Energy said that its subsidiary, Corpus Christi Liquefaction, has entered into an LNG sale and purchase agreement (SPA) with Endesa under which the Spanish company has agreed to purchase approximately 1.5 mtpa of LNG upon the commencement of operations from the LNG export facility being developed near Corpus Christi, Texas.
Japan’s Nippon Yusen Kaisha (NYK), one of the largest shipping companies in the world, said it aims to invest JPY530bn (approximately $5.13bn) in LNG and the offshore business over the next five years.
LNG World News Staff, April 6, 2014