Top 5 news of the week May 8-14

LNG Prime brings you the five most popular news on our platform during the week of May 8-14, 2023.

1) Australian engineering firm Worley and US LNG exporter Venture Global LNG have signed a deal for the construction of the latter’s proposed CP2 LNG export terminal in Louisiana.

2) US LNG firm Tellurian said it had appointed investment banker Simon Oxley as its new chief financial officer to help it with securing financing for the first phase of its Driftwood LNG export plant in Louisiana.

3) South Korea’s Sinokor Merchant Marine has purchased a 2007-built LNG carrier from France’s TotalEnergies and Japan’s NYK, according to brokers.

4) Paris-based LNG engineering giant Technip Energies is on track to complete exiting Novatek’s Arctic LNG 2 project in Russia within the first half of 2023, according to the company’s CEO Arnaud Pieton.

5) A unit of South Korean LNG importing giant Kogas has taken delivery of a 7,500-cbm LNG bunkering vessel equipped with a new cargo containment system.

Most Popular

Worley gets full notice to proceed on first phase of CP2 LNG project

Australian engineering firm Worley has received a full notice to proceed from US LNG exporter Venture Global LNG under its reimbursable EPC contract for the first phase of the CP2 LNG project in Louisiana.

Seatrium: LNG carrier owners delaying non-essential repairs due to low charter rates

Liquefied natural gas (LNG) fleet owners are delaying non-essential repairs due to low charter rates, according to Singapore's Seatrium.

Excelerate raises 2025 guidance after Jamaica deal

US FSRU player Excelerate Energy raised its full-year 2025 adjusted Ebitda guidance range following the recent acquisition of New Fortress Energy's business in Jamaica.

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