Top news of the week February 16 – 21, 2015

Top news of the week February 16 – 21, 2015

CNOOC abandoning FLNG plans, eyeing cheaper option

China National Offshore Oil Corporation has reportedly given up on FLNG option to develop its South China Sea gas discovery.

BP: LNG to show dramatic growth dominating trade

Despite the dramatic recent weakening in global energy markets, ongoing economic expansion in Asia, particularly in China and India, will drive continued growth in the world’s demand for energy over the next 20 years.

Bear Head LNG moves forward

Liquefied Natural Gas Limited said that its unit, Bear Head LNG, has been advised by the Canadian Environment Assessment Agency that it has reviewed the additional Bear Head LNG Project information.

Egypt signs LNG supply deal with Noble Energy

Egyptian Ministry of Petroleum informed that the state-owned EGAS signed a deal with Noble Energy for the supply of 7 LNG cargoes.

GAIL cancels LNG newbuilds tender

India’s attempt to kick-start domestic LNG shipbuilding industry has come to a grinding halt as GAIL decided to cancel its $7 billion tender after not receiving any bids.

 

LNG World News Staff

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