LNG

Cheniere Energy has received FERC approval to construct and operate the Sabine Pass liquefaction plant.

Chevron is to supply Chubu Electric Power Company with 1 million tpy of LNG under a long term sales agreement from the Wheatstone LNG project.

GDF Suez is to supply Gasnor AS with 7.5 TWh of LNG over a 12 year period, starting in 2013.

At a recent meeting, Vladimir Putin, unveiled a new set of rules for offshore development in Russian territory as well as long awaited tax breaks that look set to make formally economically unviable projects possible.

North West Shelf LNG seller shave extended an existing supply deal with Kyushu Electric for an additional six years until 2023.

The SuperMajor Shell has reported that an oil sheen discovered near two of its platforms in the Gulf of Mexico had dissipated and was “very confident” that its operations had nothing to do with the incident.

A round up of the latest downstream oil and gas news from Asia.

Technip has won a contract worth € 245 million for the development for the Wheatstone and Iago fields, which will provide gas for the Wheatstone LNG project.

China National Offshore Oil Corp. has signed a production sharing agreement (PSC) with the Italian company Eni China B.V.

Tsakos Energy Navigation Limited (TEN) has ordered a state-of –the –art LNG carrier for delivery Q1 2015 from a major South Korean yard. The vessel is of the new tri-fuel design enabling the ship to run on fuel oil, marine diesel/gas oil and natural gas offering attractive alternatives to charterers.

Anadarko has discovered 525 feet of natural gas pay at the Barquentine-4 well, further expanding the resources available for a potential LNG export hub in the area.

Fluor Corp. is to perform the FEED contract for a new LNG regasification terminal, which will be located in the town of Lahad Datu, Sabah, and will be built by Petronas Gas Berhad.

Production has been stopped at Yemen LNG’s Balhaf LNG terminal after a pipeline linking the Block 18 gas field and the terminal was sabotaged.

Qatargas are planning to shutdown the Qatargas-1 LNG train this April for routine maintenance.

BP has agreed on a sale of its gas assets in the UK North Sea to Perenco in a deal worth US$ 400 million.