Chinese shipbuilder Hudong-Zhonghua has hosted a naming ceremony for two 174,000-cbm liquefied natural gas (LNG) carriers it built for Japan’s K Line and Malaysia’s Petronas.
Atlantic spot LNG shipping rates rose for the first time in seven weeks, rising $3,750 week-on-week to $15,500 per day, according to Spark Commodities.
Peru LNG’s liquefaction plant at Pampa Melchorita shipped five liquefied natural gas cargoes in July, the same as in the previous three months, according to shipment data by state-owned Perupetro.
UK-based LNG giant Shell has completed its previously announced acquisition of Canadian gas producer ARC Resources for $16.5 billion, including debt, after receiving all required shareholder, court, and regulatory approvals.
Egypt, which has turned to LNG imports over the last two years to cover domestic natural gas shortages, will receive more much-needed gas supplies after UK-based LNG giant Shell and its partners took a final investment decision on the Phase 12a development project in the West Delta Deep Marine (WDDM) concession.