Liquefaction

Research from McKinsey Energy Insights suggests that LNG oversupply could last until 2024, unless low prices can stimulate a demand recovery.

According to Reuters, Novatek is planning to sell a portion of gas on the spot market from its Arctic LNG-2 plant.

According to Reuters, Vitol – a trading house – has won a tender to purchase the first cargo of LNG from the Chevron-led Angola LNG facility since it shutdown over two years ago to commence repairs.

Petrolia has announced financing for its Bourque Project by the Quebec government.

Alexey Miller and Ben van Beurden have signed a Memorandum of Understanding (MoU) on the Baltic LNG project.

Freeport LNG and CEO Michael Smith have contributed US$100 000 to Brazoria County for flood relief.

Jostein Ueland and Trym Tveitnes have resigned from their positions as Chief Financial Officer and Chief Technical Officer at Flex LNG.

WorleyParsonsCord has been awarded a contract to provide module assembly and field construction services for Cutbank Ridge Partnership.

According to Reuters, Petrobras – the Brazilian state-controlled oil company – has commenced an auction to sell its LNG sale and distribution subsidiary, Liquigás Distribuidora SA.

Bear Head LNG Corp. Inc. has announced that it has received Governor in Council approval for a license to import natural gas from the US and then export LNG from its project site for a period of 25 years.

According to Reuters, Gazprom is set to sign a deal with Shell regarding a Baltic LNG project at a forum in June 2016 in St Petersburg, Russia.

FortisBC has released a video of its Tilbury LNG expansion project, which is located in Delta, British Columbia, Canada.

Gaz Métro has announced that LNG deliveries have started to the Stornoway Renard diamond mine in Northern Québec, Canada.

FortisBC’s Tilbury LNG expansion is creating jobs and benefitting local communities in B.C., Canada.

Liquefied Natural Gas Ltd has denied any knowledge of a potential takeover bid for the company.