Atlantic LNG shipping rates rose by $221,500 to $264,250 per day this week as the LNG and shipping markets are experiencing “seismic shocks” in the wake of military action across the Middle East, according to Spark Commodities and Fearnley LNG.
LNG Prime Annual Subscription Membership Required
You must be an LNG Prime Annual Subscription member to access this content.
State-owned LNG giant QatarEnergy is progressing with commissioning activities at the first train of the North Field East LNG project in Qatar despite the ongoing Middle East crisis, according to EPC contractor Technip Energies.
LNG producer Nigeria LNG, a joint venture of NNPC, Shell, TotalEnergies, and Eni, is planning to add more liquefaction trains as it nears the completion of Train 7 at its Bonny Island plant, according to managing director and CEO Adeleye Falade.
US liquefied natural gas (LNG) plants sent 35 cargoes during the week ending July 29, one cargo more than the week before, according to the Energy Information Administration.
LNG import terminals in the Netherlands were the top destinations for US liquefied natural gas cargoes in May this year, according to the Department of Energy’s LNG monthly report.