As expected, the Shtokman Development AG Board announced on February 6 that the project will be delayed by three years.

The $1.05 billion Singapore LNG import terminal project has awarded two major contracts as it moves towards its 2013 completion date. The engineering, procurement and construction (EPC) contract was awarded to Samsung and the project management (PMC) to Foster Wheeler.

QGC, part of BG Group, awarded Bechtel on Friday more than $3 billion in contracts for its Queensland Curtis LNG Project which has been expanded to a capacity of 8.5 mtpa from 7.4 mtpa.

Three consortia have submitted bids to build the €600-700 million Polskie LNG import terminal in the Baltic port of Swinoujscie.

The Nabucco consortium has approached the European Investment Bank (EIB) and is likely to ask for up to €2 billion ($2.7 billion) in financing for the pipeline project, EIB vice president Mathias Kollatz-Ahnen said.

Gazprom will gradually leave areas of the Russian domestic gas market to independent producers by 2030, as it plans to focus efforts on international markets and aims to raise exports by about 30% against 2007-2008 levels.

Gazprom chief executive Alexei Miller said he expects Russian gas sales to Asia to rise eventually to levels similar to its exports to Europe as it plans to sell gas sourced in the Yakutia region of Siberia to China.

President Obama’s energy proposals are under criticism from the Senate for not supporting oil and gas initiatives as promised in his State of the Union speech.