Top 5 news of the week March 20-26

LNG Prime brings you the five most popular news on our platform during the week of March 20-26, 2023.

1) US energy giant ExxonMobil has boosted the capacity of the planned Rovuma LNG onshore terminal in Mozambique and is inviting firms to submit their expression of interest for a FEED contract.

2) Sempra Infrastructure, a unit of Sempra, has taken a final investment decision for the first phase of its Port Arthur LNG export project in Texas worth about $13 billion.

3) US floating LNG player Excelerate Energy plans to exercise an option to buy the 2020-built FSRU Sequoia from Greece’s Maran Gas Maritime.

4) Sempra has secured approval from the US FERC for its revised expansion plans for the Cameron LNG export plant in Louisiana.

5) New Fortress Energy has signed deals with Weston Solution for the installation and operations of 150 MW of additional power generation at the Palo Seco power plant in Puerto Rico, as well as the supply of natural gas.

Most Popular

Hanwha Engine completes first X-DF engine with VCR tech

South Korea's Hanwha Engine, a subsidiary of Hanwha, has completed what it claims is the world's first WinGD X-DF engine equipped with VCR (variable compression ratio) technology for LNG carriers.

CoolCo always looking at acquisitions, CFO says

LNG carrier owner CoolCo is always on the lookout for potential acquisitions, according to CFO John Boots.

Spot LNG shipping rates down this week

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet and European prices dropped this week compared to the previous week.

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