LNG - 16 September 2011

The American Petroleum Institute comment on oil and natural gas being the next job and revenue growth area

Cheniere Energy Partners, L.P. is selling off 3,000,000 common units to investors at a share price of US$ 15.25. The company is hoping to raise US$ 60 million to put towards general business purposes and development costs of its expansion project to add liquifaction capacity at the Sabine Pass LNG terminal.

Kawasaki Heavy Industries, Ltd. has been awarded a contract by Technip to supply 7 units of boilers for Shell’s floating LNG facility Prelude, the world’s first Floating LNG facility, The boilers to be supplied by Kawasaki are the largest ever in the capacity for marine use.

Chevron has signed a Sale and Purchase Agreement (SPA) with Kyushu Electric Power Co. for the delivery of LNG from the Wheatstone Project in Western Australia. As part of the deal Kyushu Electric will also acquire equity in the Wheatstone gas fields and processing plant.