US LNG exporter Venture Global LNG has signed a long-term sales and purchase deal with Hanwha Aerospace, a unit of South Korean conglomerate Hanwha. This is Venture Global’s first long-term LNG supply deal in South Korea.
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The global LNG bunkering vessel fleet may need to more than double by 2030 as demand from LNG-fueled ships grows faster than the infrastructure required to supply them, according to classification society DNV.
US LNG exporter Venture Global expects resolution of the next arbitration case over LNG sales from its Calcasieu Pass plant in Louisiana by the end of this year, according to CEO Mike Sabel.