(World Oil)– Eni SpA gave financial approval to build a $7.2 billion floating liquefied natural gas project in Mozambique that will double the nation’s production of the fuel, adding to global supply just as a wave of new production hits later this decade. The Coral Norte project off Mozambique’s northern coastline will be able to produce 3.6 million tons of
Malahat Nation and Steelhead LNG announced they are no longer exploring the proposed Malahat LNG project on the Malahat Nation-owned Bamberton Industrial Lands. The project as proposed would have included floating liquefaction facilities (with up to 6 mtpa capacity) moored to the shoreline and supporting land-based facilities. Steelhead LNG made the decision “after careful consideration and based on several factors
Delfin deepwater LNG clears export hurdle The U.S. Department of Energy approved a long-term application to export liquefied natural gas (LNG) from the U.S.’s first offshore project, Delfin LNG, LLC. Exports in the amount of 1.8 billion cubic feet per day (Bcf/d) of natural gas are approved from Delfin’s proposed offshore Louisiana floating LNG terminal in the Gulf of Mexico. Development of
Woodside Petroleum puts the Browse floating LNG project on indefinite hold Low commodity prices have claimed yet another project this week. Woodisde Petroleum (ticker: WPL) announced that it will put its Browse floating LNG project on hold indefinitely as low commodity prices make it more difficult to justify the project. “While significant progress was made to improve project value, this
