LNG UPDATE

May 2007

TABLE OF CONTENTS

INDUSTRY ANALYSIS

   1. AMERICAS

    U.S.

• Shell Drops Plan to Build Reviled Gulf Offshore LNG Terminal

• Baja California LNG Terminal Cancelled

• Los Alamos Figures out Different Way to Liquefy Natural Gas

• BHP's $800 Million Cabrillo Port LNG Plan Axed

• Invensys to Supply Operator Training Simulation for Sabine Pass LNG Terminal

• Maryland Senate Lets LNG Bill Die as Session Ends

• Maryland Bill Proposed to Boost States Power to Block LNG Plants

• El Paso Corporation Completes Cypress Pipeline Expansion Project to Serve Growing Southeastern Markets

    BRAZIL

• Golar LNG Secures Employment for the World's First FSRU's

    CANADA

• Emera $304 Million LNG Pipeline gets Canadian Environmental Nod

    TRINIDAD & TOBAGO

• Centrica Gets License to Explore for Natural Gas in Trinidad and Tobago

    VENEZUELA

• Venezuela Pushing to Supply Compressed Natural Gas instead of LNG

   2. ASIA

    AUSTRALIA

• Petroleum Industry Warning on Australian LNG Forecast

• Downer EDI Engineering Secures Western Australia Contracts worth $200 Million

    CHINA

• CNOOC Chooses Truflo Rona for Fujian LNG Terminal in China

• Truflo Rona Wins a Contract with China’s Zhejiang Yisheng Petrochemical Co.

• Japan’s Nippon Oil, Mitsui Tie up with China Energy Titans

    INDONESIA

• Indonesia’s Berlian Plans $500 Million Fleet Expansion into LNG

• Korean Firms, KNOC and SK Corp in Pertamina Deal

• Indonesia Seeks Partner to Construct $450 Million LNG Terminal

    KOREA

• Atlas Copco Receives Large-scale Order for Energy-Efficient LNG Technology

    NEW GUINEA

• Papua, New Guinea Aims to have its own LNG Manufacturing Plant by 2011

• Santos Backs New Guinea LNG Project

    PAKISTAN

• Agreement Signed to Build $160 Million Floating LNG Terminal in Pakistan

   3. EUROPE / AFRICA / MIDDLE EAST

    BELGIUM

• Qatar’s First LNG Carrier Arrives in Belgium

    FRANCE

• Truflo Rona Wins Contract for Supply of Cryogenic Valves for Cryostar

• Shell Initiates Project Development for LNG Terminal in Fos-sur-Mer

    HUNGARY

• IEA Praises Hungary's Energy Policy but Urges further Reforms

    IRELAND / NETHERLANDS

• Island Oil & Gas Concludes Irish and International Farm Out Agreement with Encore Oil

    ITALY

• Iride, Endesa Set to Sign OLT LNG Engineering Contract with Saipem

    THE NETHERLANDS

• Petronas, Dutch Firm in LNG Pact

    ANGOLA

• Eni Signs Deal with Sonangol for 14 Percent Stake in Angola LNG

    MOROCCO

• Morocco Plans to Build 3 Billion Cubic Meter LNG Terminal

    NIGERIA

• KBR and its JV partners Execute Contract with Nigeria LNG

    RUSSIA

• Eni Confirms it is on Short-list for $300 Million LNG Terminal in Russia

    IRAN

• Iran Signs $18 Billion Major Gas Deal with Austria's OMV

    QATAR

• Japanese Firm Marubeni to Buy Stake in Qatargas IV Project

    YEMEN

• $2 Billion plus Automation and Safety Contract for Yemen LNG Plant Awarded to Invensys

The above news is excerpted from the May LNG Table of Contents Update which is part of the World Market for Your Products and is also included in most other McIlvaine market reports.