Inking

Methanex Corp. is moving closer to inking a long-term supply contract for its previously announced plan to relocate a large production plant to Louisiana, CEO Bruce Aitken told financial analysts recently.

Norwegian oil and gas giant Statoil ASA last week increased its stake in emerging U.S. shale gas development by inking transportation agreements to carry its Marcellus Shale production from Pennsylvania to markets in New Jersey and New York.

Norwegian oil and gas giant Statoil ASA on Tuesday increased its stake in emerging U.S. shale gas plays by inking transportation agreements to carry its Marcellus Shale production from Pennsylvania to markets in New Jersey and New York.

Norwegian oil and gas giant Statoil ASA on Tuesday increased its stake in emerging U.S. shale gas plays by inking transportation agreements to carry its Marcellus Shale production from Pennsylvania to markets in New Jersey and New York.

Cheniere Energy Inc. stock shot up nearly 45% Tuesday after Total LNG USA Inc. and an affiliate of ChevronTexaco Global Gas reported they signed separate 20-year agreements with Cheniere subsidiary, Sabine Pass LNG LP, to buy a total of 1.7 Bcf/d of regasification capacity at the company’s proposed liquefied natural gas (LNG) receiving terminal on the Gulf Coast in Cameron Parish, LA.

Cheniere Energy Inc. stock shot up nearly 45% Tuesday after Total LNG USA Inc. and an affiliate of ChevronTexaco Global Gas reported they signed separate 20-year agreements with Cheniere subsidiary, Sabine Pass LNG LP, to buy a total of 1.7 Bcf/d of regasification capacity at the company’s proposed liquefied natural gas (LNG) receiving terminal on the Gulf Coast in Cameron Parish, LA.

Aquila Energy’s UtiliCorp Energy Management got a Hallmarkgreeting of its own this week, after inking a three-year agreementwith the Hallmark Cards Inc. to manage the company’s energyprocurement process for natural gas and electricity. No financialdetails were disclosed on the amount of the agreement.

Williams Energy Marketing and Trading enlarged its supplyportfolio earlier this week by inking a 20-year gas supply andpower purchase deal with a Cleco Evangeline power plant. Accordingto the deal, Williams will both supply gas (up to 150 millionMMBtu/d) to the plant and market its output. Financial terms of thearrangement were not disclosed. The plant is still underconstruction and is expected to begin operations in June.