LNG - 10 August 2016

In its latest ‘World FLNG Market Forecast’, Douglas-Westwood forecasts that global CAPEX on FLNG facilities will increase to US$41.6 billion between 2017 – 2022.

According to Reuters, Shell Petroleum Development Company of Nigeria Ltd has declared force majeure on the supply of gas to the Nigeria LNG export plant.

Clean Energy Fuels Corp. has announced its operating results for 2Q16, delivering 82.9 million gal. in the period – an 11% increase from the 74.4 million gal. that was delivered in 2Q15.

Cheniere Energy Inc. has released its results for 2Q16, reporting a net loss of US$298.4 million, or US$1.31 per share (basic and diluted).

Dr. Dambisa Moyo and Dr. Wanda Austin have been elected to Chevron’s board of directors.

The Eagle Mountain-Woodfibre Gas Pipeline project, which will deliver gas to the Woodfibre LNG project in British Columbia, has been granted environmental assessment approval.