Dutch independent storage tank firm Vopak is moving forward with the permitting process for its planned FSRU-based LNG import facility in Australia’s Victoria state, according to CEO Dick Richelle.
US FSRU player Excelerate has signed an 11-year LNG supply agreement with AxDo, a joint venture between Axpo and Bahamas-based energy and maritime logistics company Domicisle LNG, supporting development of the Bahamas LNG hub.
Australian engineering firm Worley has signed a reimbursable engineering, procurement, and construction (EPC) contract for Venture Global’s CP2 LNG expansion project in Louisiana.
Rystad Energy estimates that global liquefied natural gas (LNG) importers will spend at least $39 billion more on contracted and spot supplies in 2026, despite buying 60.7 million tonnes less, as more buyers turn to the spot market to replace volumes disrupted by the ongoing Middle East conflict.
Global LNG imports fell 4.4 percent year-on-year to 32.76 Mt in September, marking the seventh consecutive month of y-o-y decline, the Gas Exporting Countries Forum (GECF) said in its latest report.