Natural gas news

Toshiba America Inc. has released a statement announcing the formation of Toshiba America LNG Corp. – a new operating company that will focus on the LNG market.

British wholesale gas prices fell on 1 August due to higher Norwegian and LNG supply and lower exports.

ExxonMobil has announced that it no longer wishes to continue further discussions or activity involving the country's East Natuna natural gas block.

Wood Group has secured a front end engineering and design contract with Gastrade S.A. for the Alexandroupolis Independent Natural Gas System, located offshore Greece.

Ophir Energy plc has announced that it has signed a new US$250 million reserve based lending facility secured against the group’s producing assets in Southeast Asia.

Centrica Storage Ltd has announced that it will permanently shut the Rough facility in the North Sea – Britain’s largest natural gas storage site.

Wood Group has announced that it has secured a new contract with Woodside to support the execution of phase two of their Greater Western Flank project.

According to Reuters, the Australian state of Victoria is working alongside AGL Energy to study the possibility of constructing an LNG import terminal to increase local gas supply.

LNG shipments are putting the US on the path to becoming a net gas exporter by next year.

According to Reuters, Pieridae Energy Ltd is looking to purchase producing assets in western Canada or in the Marcellus shale play in the US.