Top 5 news of the week August 12-18

LNG Prime brings you the five most popular news on our platform during the week of August 12-18, 2024.

1) India’s Swan Energy has agreed to sell its 2020-built 180,000-cbm FSRU, Vasant 1, to Türkiye’s state-owned natural gas and LNG firm Botas.

2) A unit of German biofuels producer Verbio is seeking long-term and short-term authorization from the US Department of Energy to export bio-LNG via US small-scale liquefaction facilities mainly to Europe.

3) Chinese private shipyard Yangzijiang Shipbuilding has terminated shipbuilding contracts for two 175,000-cbm liquefied natural gas (LNG) carriers. The shipbuilder aims to resell the vessels.

4) South Korea’s HD Hyundai Heavy Industries has delivered one 174,000-cbm LNG carrier to compatriot shipowner Pan Ocean and charterer Shell.

5) Floating LNG player Golar LNG expects to enter into a yard EPC contract to convert its 148,000-cbm Moss-type carrier, Fuji LNG, into an MKII FLNG within the third quarter of this year.

Most Popular

HD Hyundai Heavy to build FSRU, LNG carrier

South Korean shipbuilder HD Hyundai Heavy Industries has won contracts worth approximately $574 million to build one floating storage and regasification unit (FSRU) and one liquefied natural gas (LNG) carrier.

Indonesia’s AKRA forms FSRU JV with BW

Indonesian petroleum and chemicals logistics company AKR Corporindo (AKRA) has formed a joint venture with a unit of Singapore-based gas shipping giant BW to develop an FSRU-based LNG project in Indonesia.

Eni, Mercuria to form trading JV

Italian energy firm Eni and Switzerland-based energy trader Mercuria have signed a deal to create a joint venture aimed at overseeing energy commodities trading activities across global energy markets, including liquefied natural gas (LNG).

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Adnoc’s XRG boosts stake in NextDecade’s Rio Grande LNG

Adnoc's investment unit XRG has completed the previously announced acquisition of an additional equity interest in Trains 4 and 5 of NextDecade's Rio Grande LNG terminal in Texas.

AP Moller Holding to acquire Ocean Yield

Denmark-based AP Moller Holding has agreed to buy Norway-based ship leasing firm Ocean Yield from US investment firm KKR.

Cheniere’s Corpus Christi Stage 3 project 98 percent complete

The Stage 3 expansion project at Cheniere’s Corpus Christi LNG export plant in Texas is 98 percent complete, as it continues to progress ahead of schedule, according to the latest construction update.

DNV says 10 LNG-powered vessels booked in June

Classification society DNV said 15 new orders for alternative-fueled vessels were placed in June, including 10 LNG-powered ships.