McKinsey Energy Insights examines whether proposed liquefaction projects will be built in the current oversupplied market.
LNG - 21 June 2016
According to data from the US DOE’s Office of Fossil Energy, Sabine Pass exported a total of 21 508 223 million ft3 of LNG in the first four months of 2016.
ABS Chairman, President and CEO, Christopher J. Wiernicki has concluded his term as Chairman of the International Association of Classification Societies Ltd.
According to Reuters, Tokyo Gas has purchased a 25% stake from VirTex Producing Co. in an Eagle Ford shale gas formation.
PAO Sovcomflot has signed a 13-year loan agreement with VTB Bank worth US$260 million to help finance the construction of an Arctic LNG tanker for the Yamal LNG project.
Novatek has entered a strategic cooperation agreement with Nuovo Pignone, covering the development of Russia’s oil and gas industry and Novatek’s LNG projects.
Cheniere Energy has withdrawn its application to construct LNG truck loading facilities at the Sabine Pass LNG terminal.
GasLog Ltd has announced that it has launched a US$1.05 billion debt financing with multiple international banks in order to refinance six legacy facilities.
According to Reuters, PGNiG has confirmed that it is not planning on purchasing any LNG spot cargoes in July 2016 through its new 3 billion zloty terminal in Swinoujscie, Poland.
GlobalData’s latest report suggests that North America will drive liquefaction capacity growth in the LNG industry.