Stalled FSRU Ready for Start-Up Off Bangladesh

By Ruma Paul DHAKA, Aug 2 (Reuters) - A vessel that arrived in Bangladesh in April to offload its maiden cargo of liquefied natural gas and moor permanently as an import terminal should begin operations "within a week" after bad weather hampered its start-up, an official said on Thursday. The floating storage and regasification unit (FSRU) will allow Bangladesh to import LNG … [Read more...]

Colombian Floating LNG Startup Uncertain Says Pacific Rubiales

Feb 2 (Reuters) - Pacific Rubiales, forced by low oil prices to delay the start-up of its Colombia liquefied natural gas (LNG) plant, said it was impossible to predict when exports would begin, but it was working with buyer Gazprom on alternative options. "The significant drop in oil prices has meant that we have had to reconsider all of our capital expenditures," Peter … [Read more...]

Egypt in Talks With Excelerate for LNG Regasification Ship

By Oleg Vukmanovic MILAN, July 10 (Reuters) - Egypt has missed a window to avert gas shortages this year as plans to secure a floating import terminal from a Norwegian firm hit snags, causing officials to hedge their bets by restarting talks with U.S.-based rival Excelerate Energy. The two-year tale of Egyptian efforts to secure a floating liquefied natural gas (LNG) … [Read more...]

Excelerate Applies For First U.S. Floating LNG Export Facility

By Timothy Gardner WASHINGTON, Feb 24 (Reuters) - Excelerate Energy, a company founded by Oklahoma billionaire George Kaiser, said on Monday it has filed an application with the Federal Energy Regulatory Commission to build and operate the first U.S. floating liquefied natural gas export facility. The filing is "a major milestone" and strengthens the project's momentum, … [Read more...]

German Utility Firm RWE Sells 50% Stake in Excelerate Energy

German utility company RWE announced on Friday they are selling back their 50 percent stake in Houston-based Excelerate Energy. The deal was signed with economic effect from 30 June 2013. Excelerate's original financier and co-owner George B. Kaiser bought the shares back for an undisclosed price. RWE's initial 50 percent stake was bought from Mr. Kaiser in 2008 for a … [Read more...]