Top news of the week Oct. 31-Nov. 5, 2016
Angola LNG has suspended production at its 5.2 million tons per year liquefaction plant in Soyo as it is conducting a planned shutdown for a “minor intervention”, an Angola LNG spokeswoman confirmed to LNG World News on Monday.
Cheniere Energy posted a third-quarter net loss of US$100.4 million for the three months ended September 30, 2016, compared to a net loss of $297.8 million for the comparable 2015 period.
Chevron and its partners in the Wheatstone LNG project, including Australia’s Woodside, will have to splash more cash for the LNG project west of Onslow after the US energy giant announced a US$5 billion cost blowout.
LNG, although seen as the future fuel for marine transport and the next step in reducing the shipping industry’s greenhouse gas emissions, could be worse for the environment than burning heavy fuel oil, head of the Association of Bulk Terminal Operators said.
Houston-based LNG engineer KBR reported a third-quarter net loss of US$63 million compared to a $55 million profit during the same period a year earlier.
LNG World News Staff