Top news of the week March 7-12, 2016
Oil and gas giant Chevron said on Monday it started producing liquefied natural gas at its Gorgon LNG project on Barrow Island off the northwest coast of Australia.
First liquefied natural gas cargo after a two-year shutdown could be shipped within a few weeks from the $10 billion Angola LNG project, Chevron’s CEO John Watson said on Tuesday.
Contrary to recent media reports that Petronas is looking to ditch the $11.4 billion Pacific NorthWest LNG project, the Malaysian giant said Wednesday it is moving towards the financial investment decision.
Up to half of US LNG exports to Europe could be shut-in over the next five years, depending on the prices of oil and coal and Russia’s export strategies, Wood Mackenzie said in a report on Wednesday.
Exmar of Belgium said it has terminated the agreement with Pacific Exploration and Production executed in March 2012 for the deployment of the Caribbean FLNG in Colombia.
LNG World News Staff