Top 5 news of the week July 17-23

LNG Prime brings you the five most popular news on our platform during the week of July 10-16, 2023.

1) US LNG firm Tellurian, the developer of the Driftwood LNG export project, said it had entered into a binding commitment letter with a fund of Blue Owl Real Estate Capital regarding the sale and leaseback of Driftwood land.

2) LNG giant Shell has signed a 12-year deal to supply liquefied natural gas to Morocco.

3) QatarEnergy and ExxonMobil continue to make progress in building their giant Golden Pass LNG export plant on the US Gulf Coast near Sabine Pass, Texas.

4) Cosco Shipping Heavy Industry in Shanghai said it had completed the conversion work on the FSRU which will serve the first Cyprus LNG import terminal in Vasilikos and the yard expects to deliver the unit “soon”.

5) A joint venture of JGC and Fluor has completed the module fabrication program for Shell’s giant LNG Canada project in Kitimat, British Columbia.

Most Popular

TotalEnergies picks Daewoo E&C for Papua LNG contract

French energy giant TotalEnergies and its partners in the planned Papua LNG project in Papua New Guinea have selected South Korea’s Daewoo E&C as the preferred bidder for the EPCC of the project's central processing facility and well pads.

Golar eyes fleet of more than seven FLNGs

Floating LNG player Golar LNG has made a pathway to increase its FLNG fleet to over seven units after ordering its fourth unit and securing two more shipyard slots, according to CEO Karl Fredrik Staubo.

Atlantic spot LNG rates drop to $40,000 per day

Atlantic spot LNG shipping rates continued to decrease this week, dropping to $40,000 per day, the lowest since the start of the Middle East conflict, according to Spark Commodities.
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