Ophir said it had been unable to complete the deal for its Fortuna project on the terms agreed in January, when it signed a preliminary contract with the world's largest oilfield services provider.
Long considered a front-runner in the race to build Canada's first LNG export project, the consortium behind Pacific NorthWest pledged last June to start construction as soon as it was approved by regulators, eyeing the end of 2015.
Patrick de La Chevardiere said that due to sanctions, American dollars will not finance the Yamal LNG project, but that the project’s figures were in dollar equivalent, Reuters reported.
Traders noted there was limited bearish news with the exception of Russia's Sakhalin-2 LNG plant tendering to sell five cargoes in July, Reuters reported.
Creole Spirit is the sixth cargo to be exported by Cheniere Energy's project and the first to come to Europe. The cargo was purchased by Portugal's Galp Energia, one source told Reuters.
GAIL seeks equivalent supplies at regasification terminals at Dahej and Dabhol in western India. Trade sources last year told Reuters GAIL sold 0.5 million tonnes per year of LNG to Shell.
API President and CEO Jack Gerard also said that as the No.1 natural gas producer in the world, the U.S. also needs to invest in reliable infrastructure.
Steve Axcell, senior vice president of Jacobs, said that the contract strengthens the company’s position in the oil and natural gas industry in Australia.
The contract with PLN means all of the cargoes from BP's Tangguh Train 3 project are now committed to buyers; a final investment decision on the project is expected in June, Reuters reported.
LNG could be used as fuel for transport. Shell recently signed deal to supply LNG to Carnival Corp. and sees huge potential to fuel ships, trucks and buses, Reuters said.
The agreement is designed to jointly identify and pursue opportunities to develop the LNG market in Asia and in new importing countries, Total said in a statement.
Economy Minister Tomislav Panenic said Croatia aims to conclude legal changes to simplify and speed up investment procedures and ease costs. Energy sector is important to the EU’s newest member, Reuters reported.