Top News of the Week May 27-June 2, 2013
Cheniere Energy Partners said that its Board of Directors has made a positive final investment decision for the development and construction of Trains 3 and 4 of the Sabine Pass Liquefaction Project being developed adjacent to the Sabine Pass LNG terminal. Cheniere Partners has issued a full notice to proceed with construction of Trains 3 and 4 to Bechtel Oil, Gas and Chemicals.
Ichthys liquefied natural gas project in Australia is 20 percent complete, Reuters reported, citing Antoine Serceau, managing director of Inpex’s Ichthys project as saying.
At APPEA 2013, Wood Mackenzie’s Head of Australia Upstream Consulting, Mr. Andrew McManus warned Australia faces a hiatus in new liquefied natural gas (LNG) projects as the focus of LNG buyers has turned to the United States (US).
Despite a growing focus on renewable and alternative forms of energy, oil and gas will supply about 60% of global energy demand in 2040, up from 55% in 2010. This and other trends, along with challenges, are explored in the 8th edition white paper released by Deloitte titled ‘Middle East Energy and Resources: Managing scarcity for the future’.
U.S. Congressman Mac Thornberry (R-Clarendon) introduced a bill on Thursday, H.R. 2202, which would make the excise tax on Liquefied Natural Gas (LNG) and diesel comparable on an energy-equivalent basis. Thornberry was joined by Rep. John Larson of Connecticut in introducing the “LNG Excise Tax Equalization Act of 2013” in the U.S. House of Representatives.
LNG World News Staff, June 2, 2013; Image: Cheniere