As LNG contract prices are typically based on the average of the preceding six to nine months, it will be mid-2015 before suppliers feel the full effects of the low oil price on their cash flow.
Exmar of Belgium said it has made an order for a second floating LNG liquefaction unit at Wison Offshore & Marine.
Golar LNG signed a heads of agreement with Societe Nationale de Hydrocarbures and Perenco Cameroon for the development of an FLNG export project located 20km off the coast of Cameroon and utilizing Golar’s floating liquefaction technology (GoFLNG).
GasLog said it has entered into an agreement with Methane Services, a unit of BG Group, to acquire two modern tri-fuel diesel electric LNG carriers for a cost of $460 million.
The recent nearly 50% drop in oil prices may slow the momentum behind the development of U.S. liquefied natural gas facilities, according to Fitch Ratings.
LNG World News Staff