Top 5 news of the week October 17-23

LNG Prime brings you the five most popular news on our platform during the week of October 17-23, 2022.

1) US LNG firm Sempra Infrastructure, a unit of Sempra, and compatriot engineering and construction firm Bechtel have executed the final EPC contract for the first phase of the proposed Port Arthur liquefaction project in Texas.

2) Portuguese energy firm and LNG player Galp said it may face additional sourcing disruptions after Nigeria LNG declared force majeure on shipments from its 22 mtpa Bonny Island plant due to flooding.

3) BW LNG’s FSRU, BW Paris, has recently rescued nine Indonesians from a raft at Makassar Strait in Indonesia.

4) Spark Commodities reported another record high for its Atlantic spot LNG freight rate due to a very tight market ahead of winter.

5) Paris-based LNG engineering giant Technip Energies has signed a deal to exit Novatek’s Arctic LNG 2 project in Russia within the first half of 2023.

Most Popular

Santos ships first Barossa condensate cargo to South Korea

Australian LNG player Santos and Prism Energy International Australia have jointly sold and shipped the first condensate cargo from the Barossa gas project, located approximately 285 km north of Darwin, to South Korea.

Baker Hughes scores CP2 LNG expansion gig from Venture Global

US energy services firm Baker Hughes said it had secured a “major” order from compatriot LNG exporter Venture Global LNG to provide a liquefaction solution for its CP2 LNG expansion project in Louisiana.

Hanwha Ocean: demand for LNG newbuilds supported by energy security policies, capacity expansion

South Korean shipbuilder Hanwha Ocean said on Monday that mid- to long-term demand for LNG carrier newbuildings is driven by higher ton-mile demand from stronger energy security policies and LNG supply diversification toward the US and other exporters amid Middle East disruptions.
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