Top 5 news of the week February 6-12

LNG Prime brings you the five most popular news on our platform during the week of February 6-12, 2023.

1) The energy crisis in Europe is a “multiyear issue” and governments will have to work faster to address the lack of natural gas supplies, according to Shell’s CEO, Wael Sawan.

2) TotalEnergies is “not in a hurry” to restart work on its giant $20 billion Mozambique LNG project, according to chief executive Patrick Pouyanne.

3) US LNG terminal developer NextDecade has entered into a deal to sell shares worth some $35 million as it looks to take a final investment decision on the first three trains of the Rio Grande LNG export project in Texas during the first quarter.

4) QatarEnergy and ExxonMobil continue to make progress in building their $10 billion Golden Pass LNG export plant on the US Gulf Coast near Sabine Pass, Texas.

5) A unit of US energy giant ExxonMobil has signed two long-term deals to buy liquefied natural gas from Mexico Pacific, the developer of the planned 14.1 mtpa Sonora LNG export project.

Most Popular

TotalEnergies to transfer Papua LNG operatorship to ExxonMobil

French energy giant TotalEnergies said on Monday that Papua LNG has achieved "major" contractual and commercial milestones, marking "decisive" steps towards a final investment decision. These include completing the EPC tendering process and transferring Papua LNG operatorship to US energy giant ExxonMobil, operator of the PNG LNG project.

Arctic LNG 2 seeks $1 billion from Hanwha Ocean over terminated LNG carrier orders

Novatek-led Arctic LNG 2 is seeking approximately $1 billion in damages from South Korean shipbuilder Hanwha Ocean over terminated shipbuilding contracts for Arc7 ice-class LNG tankers.

K Line, Petronas name LNG carrier duo in China

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.

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