Shell’s proposed combination with BG Group came across a first obstacle on the road towards the shareholder vote on January 27 as Standard Life Investment opted to vote against the merger.
The global LNG industry is bracing for the outcome of one of the biggest deals in history of this relatively young industry as the shareholders are about to vote on the proposed Shell-BG merger.
Royal Dutch Shell has assured investors its US$70 billion acquisition of BG Group is profitable even if the US$50 per barrel oil price persists for further two years.
Cameron LNG said it is moving forward with construction works aimed at adding liquefaction and export capability at its terminal under construction in Hackberry, Louisiana.
WoodMac’s review of the LNG industry reveals that the 2015 market was characterised by weaker Asian demand which dropped 2 percent forcing LNG players to shift focus to developing markets and employing new regasification capacity.
LNG World News Staff