Top 5 news of the week December 11-17

LNG Prime brings you the five most popular news on our platform during the week of December 11-17, 2023.

1) Japan’s shipping giant NYK is working with Namura Shipbuilding and Sasebo Heavy Industries to replace the main propulsion on steam turbine–driven Moss-type LNG carriers with a dual-fuel diesel engine.

2) Canada’s Pembina Pipeline and the Haisla Nation have postponed a final investment decision on their Cedar floating LNG export project.

3) Indonesia’s state-owned energy firm Pertamina said its 20-year LNG sale and purchase agreement with the Mozambique LNG project was terminated.

4) US LNG firm Tellurian, the developer of the Driftwood LNG export project in Louisiana, said on Friday that its co-founder and chairman, Charif Souki, will no longer serve as an executive or officer of the company or hold any managerial responsibilities.

5) US LNG exporter Venture Global LNG has completed raising the roof on the fourth and final storage tank at its Plaquemines LNG export plant in Louisiana.

Most Popular

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US LNG exporting giant Cheniere is seeking approval from the US FERC to start site preparation activities for two more midscale trains at its Corpus Christi LNG plant in Texas.

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Amigo LNG, a unit of LNG Alliance, has signed a 20-year sales and purchase agreement with Sahara Group to supply the latter with liquefied natural gas from its planned 7.8 mtpa LNG export plant in Mexico.

LNG shipping rates continue to decrease

Spot LNG freight shipping rates in both basins continued to decrease this week, while European prices increased compared to last week.

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