LNG - 11 August 2016

IHI Corp.’s floating LNG power station (FLPS) has been granted Approval in Principle (AIP) by DNV GL.

National Marine Dredging Co. has announced that it has been awarded a contract worth US$316 million for the engineering, procurement and construction of a new LNG terminal in Gujarat, India.

According to Reuters, Japan’s Jera Co. is planning to decrease the amount of gas that it purchases under long-term contracts by 42% by 2030.

Mr D.H.M. Wood is set to replace Mr P.M. van Rossum as Management Board member and CFO of SBM Offshore.

JOGMEC has signed loan guarantee agreements to support the development of a third liquefaction train at the Tangguh LNG Project in Indonesia.

Navigator Gas has announced that the Navigator Aurora has been delivered to the Jiangnan Shipyard in Shanghai, China.

Gazprom’s net income fell 5.2% in 1Q16 to 362.3 billion roubles.