Top 5 news of the week March 24-30

LNG Prime brings you the five most popular news on our platform during the week of March 24-30, 2025.

1) Australian LNG producer Woodside has released the latest construction update for the first phase of its Louisiana LNG project.

2) Japan’s city gas supplier and LNG importer, Tokyo Gas, plans to expand its liquefied natural gas trading business further, including in the US.

3) Shell’s LNG Canada is set to receive a cargo of liquefied natural gas onboard the 173,400-cbm LNG carrier, Maran Gas Roxana, as part of the commissioning and start-up phase, a spokesman for LNG Canada told LNG Prime.

4) Atlantic LNG freight rates rose to $31,000 per day this week, while European prices also increased compared to the prior week.

5) US FSRU player Excelerate Energy has entered into a definitive agreement with compatriot LNG player New Fortress Energy to acquire NFE’s business in Jamaica for $1.055 billion in cash.

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Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

GTT develops new LNG fuel tank

French LNG containment giant GTT has developed a new cubic-shaped LNG fuel tank for commercial vessels, with a particular focus on LNG-fueled container vessels.

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