LNG - 03 September 2015

Silk Road Fund (SRF) has acquired a 9.9% stake in the Yamal LNG project from Novatek.

Wood Mackenzie has predicted that if there are no postponements, the market could see an additional 100 million tpy of LNG sanctioned in the next 6 - 18 months.

The revision was due to confirmation of a greater volume of natural gas reserves.

The acquisition includes Giovenco’s 50% stake in a joint venture for a multi-million dollar contract for painting, insulation, and fireproofing on Chevron’s Wheatsone LNG plant.

Excelerate Liquefaction Solutions has informed the US FERC that it intends to withdraw its application to construct the Lavaca Bay LNG terminal.

Chubu Electric Power has signed an agreement with GE to upgrade a Japanese power plant’s gas turbines.

APPEA’s Chief Executive has commented on the Australian government’s proposed ERF safeguard mechanism rules.