Foster Wheeler AG announced on Feb. 8 that a subsidiary of its Global Engineering and Construction Group has been awarded a contract to provide project management consultancy (PMC) services to Singapore LNG Corporation Pte Ltd ( SLNG ), a fully owned subsidiary of the Energy Market Authority of Singapore, in support of the development of the LNG terminal to be located on the southwestern part of Jurong Island, Singapore.

SLNG owns and oversees the LNG terminal's development. The terminal, which will have an initial capacity of 3.5 million tonnes per annum (Mtpa), with provisions for expansion to 6 Mtpa, is targeted to be ready for start-up in 2013. The terms of the contract were not disclosed, and the contract value will be included in Foster Wheeler's first-quarter 2010 bookings.

SLNG and Foster Wheeler will jointly manage the engineering, procurement and construction (EPC) contractor through an "Integrated Project Management Team" approach, which will allow SLNG to be fully involved in the management of the design and construction activities.

Chevron Corporation announced on Jan. 6 that its Australian subsidiaries and Nippon Oil Corporation have signed a Heads of Agreement (HOA) for the delivery of 0.3 million metric tons per year (MTPY) of liquefied natural gas (LNG) for 15 years from the Chevron-operated Gorgon Project in Western Australia. The Gorgon Project development, in northwestern Australia, will include a three-train, 15 million-metric-tons-per-year liquefied natural gas facility and a domestic gas plant. Chevron is the operator of the Gorgon Project and holds an approximate 47 % interest.

InterOil Corporation announced on Dec. 10 that the National Executive Council (NEC) of Papua New Guinea has approved the Company’s project agreement for the construction of a liquefied natural gas (LNG) plant in Papua New Guinea.

As previously announced, the proposed LNG project would be developed by InterOil and its joint venture partners, including foundation partner Pacific LNG Operations Ltd. The Government of Papua New Guinea, through its nominee Petromin PNG Holdings Limited, will have up to a 22.5% equity interest in the project. The project targets a $7.0 billion two-train LNG facility, with each train capable of producing approximately 4 million tons of LNG per annum. While current plans call for first production of LNG towards the end of 2014 or beginning of 2015, InterOil is progressing a proposed liquids stripping plant, to be located in Gulf Province, in late 2011/early 2012, which would provide an attractive revenue stream to Papua New Guinea before the LNG project is expected to be completed.

The approved project agreement, which is expected to be signed before the end of the year, establishes the terms for commercializing and monetising the Elk/Antelope natural gas resources. InterOil expects that natural gas produced will be treated at a conditioning plant in the Gulf Province and then transported to the proposed LNG plant site near the Company’s existing refinery at Napa Napa. InterOil anticipates that the LNG plant will be designed to operate as a tolling facility, and that the LNG will be jointly marketed by the upstream owners on behalf of the joint venture.