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.
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.
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.
US FSRU player Excelerate Energy confirmed that it has signed a seven-year charter agreement with a unit of Canadian firm Frontera Energy to deploy its FSRU to a new LNG import terminal under development in Colombia. Excellerate also confirmed that it purchased a TFDE LNG carrier to convert it to an FSRU.
A unit of Canadian firm Frontera Energy has entered into a deal with a US-based FSRU player to charter one floating storage and regasification unit which will be installed in Cartagena, Colombia. The company also entered into a take-or-pay agreement with Colombia's state-owned energy firm Ecopetrol to provide integrated logistics and LNG regasification services.
US FSRU player Excelerate Energy has signed a letter of intent with Singapore's Seatrium to convert its liquefied natural gas carrier into a floating storage and regasification unit, according to Excelerate's management.