Top 5 news of the week October 17-23

LNG Prime brings you the five most popular news on our platform during the week of October 17-23, 2022.

1) US LNG firm Sempra Infrastructure, a unit of Sempra, and compatriot engineering and construction firm Bechtel have executed the final EPC contract for the first phase of the proposed Port Arthur liquefaction project in Texas.

2) Portuguese energy firm and LNG player Galp said it may face additional sourcing disruptions after Nigeria LNG declared force majeure on shipments from its 22 mtpa Bonny Island plant due to flooding.

3) BW LNG’s FSRU, BW Paris, has recently rescued nine Indonesians from a raft at Makassar Strait in Indonesia.

4) Spark Commodities reported another record high for its Atlantic spot LNG freight rate due to a very tight market ahead of winter.

5) Paris-based LNG engineering giant Technip Energies has signed a deal to exit Novatek’s Arctic LNG 2 project in Russia within the first half of 2023.

Most Popular

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.

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.

Another steam LNG carrier sold for demolition

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

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