Liquefaction

ConocoPhillips today announced approval of the final investment decision for the initial train of a two train LNG 9 million tpa project by Australia Pacific LNG in Queensland, Australia.

Chevron Corporation has signed binding Sales and Purchase Agreements (SPAs) with Tokyo Electric Power Company (TEPCO) for the delivery of LNG from the Wheatstone natural gas project in Australia.

Qatargas has signed of a Heads of Agreement (HOA) to supply LNG to Petronas LNG Ltd. with 1.5 million tpa of LNG for 20 years commencing in 2013.

Santos, the Australian oil and gas producer, has seen a leap in production and its GLNG project is also still on target for first production in 2015.

Total has received government approval to purchase a stake in the Yamal LNG project in the Russian Arctic area.

A joint venture between CB& I and Kentz Corporation Limited have been awarded a contract for the mechanical, electrical and instrumentation work on the Gorgon Project on Barrow Island, Western Australia.

Chesapeake Energy Corporation has announced investment plans to create a natural gas fuelled highway system across America and effectively reduce American dependence on OPEC whilst boosting the economy.

QGC, a leading Australian coal seam gas explorer and producer, has selected GL Noble Denton to provide verification services for the development of the Queensland Curtis LNG project, which is expected to supply more than 8.5 million tpa of LNG through the development of two LNG trains.

Western Australia’s Premier Colin Barnett has told Asian business leaders at the Boao Forum for Asia Conference that Western Australia has the potential to be the world’s largest LNG exporter by 2020.

Cedigaz, the International Association for Natural Gas, has predicted that the world LNG trade will bounce back in 2011 and there will be little excess, in spite of new capacity additions.

Qatargas is to supply Argentina’s ENERSa with 5 million tpa of LNG for 20 years, beginning in 2014.

American Petroleum Institute President calls on US President to make course correction for America’s future

The Australian Government has granted environmental approval to the Ichthys Project paving the way for a final investment decision in the fourth quarter of 2011.

Fluor Corporation has finalised a major services agreement with Woodside Energy Limited to provide engineering, procurement and construction management (EPCM) services for Woodside’s operating assets.

A bright future is forecast for the LNG industry, as long-term gas demand drives major investment in global LNG facilities.