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GDF Suez and China Investment Corp. Close Deal for Equity Stake in Atlantic LNG, Other Assets

GDF Suez and the China Investment Corp. (CIC) have closed a deal whereby CIC will acquire GDF Suez’s 10% equity stake in the Atlantic LNG liquefaction facility in Trinidad and Tobago. According to a GDF Suez spokesperson, the deal also includes the transfer of production payments for Atlantic LNG’s trains 2, 3, and 4, for a total value of 600 million Euros. Platts LNG Daily...

Kenai Mayor Pleased By LNG Export Announcement

Kenai Peninsula Borough Mayor Mike Navarre told the News Tribune (Tacoma, Wash.) that he believes the plans to reactivate the Kenai LNG liquefaction facility are “great for the borough because it means we’ll keep those jobs and the economic...

ConocoPhillips to Restart Kenai LNG Exports

A spokesperson for ConocoPhillips told Reuters yesterday that the company plans to restart LNG liquefaction and export operations at the Kenai LNG facility next year. New natural gas production in the Cook Inlet is set to come on stream this month and LNG exports to customers in Asia will begin the second half of...

European LNG Exports

Gazprom Looking to Scale Up LNG Exports to European Customers (RosBusinessConsulting)

European LNG Headlines

Linde, Statoil Say Joint Arctic LNG Plant Exceeding Performance Expectations (Hydrocarbons Processing) Estonia’s Elering, Muuga Port Operator to Study New LNG Terminal (BusinessWeek) BG Group Hopeful on Long-Planned Brindisi LNG Terminal in Italy...

Angola LNG Looking for Best Price for LNG Exports

Speaking earlier today in Australia, Antonio Orfao, chairman of Angola LNG, said that his company is looking for opportunities for its LNG exports in the best markets for LNG. He noted that although the project initially contemplated LNG exports to the United States’ Gulf LNG import facility, the company is seeking more competitive markets for its LNG. Reuters provides additional...

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