Arctic LNG 2 seeks $1 billion from Hanwha Ocean over terminated LNG carrier orders

Novatek-led Arctic LNG 2 is seeking approximately $1 billion in damages from South Korean shipbuilder Hanwha Ocean over terminated shipbuilding contracts for Arc7 ice-class LNG tankers.

LNG Prime Annual Subscription Membership Required

You must be a LNG Prime Annual Subscription member to access this content.

Join Now

Already a member? Log in here

Most Popular

NFE says Altamira LNG offline due to mechanical issue

New Fortress Energy's Fast LNG (FLNG) project off Mexico’s Altamira is offline due to a mechanical issue with the facility’s gas turbine.

Cheniere’s Corpus Christi Trains 8 and 9 project 55.6 percent complete

US LNG exporter Cheniere continues to progress construction on its Corpus Christi Midscale Trains 8 and 9 project in Texas.

Karpowership awards new FSRU conversion job to Seatrium

Singapore’s Seatrium will convert another LNG carrier into a floating storage and regasification unit for Turkiye’s Karpowership under a new contract.

More News Like This

PV Gas in LNG supply talks with Novatek

Petrovietnam Gas, a unit of state-owned Petrovietnam, is in talks with Russian producer Novatek to buy liquefied natural gas (LNG) from the latter as part of its plans to diversify its LNG supply sources.

Hanwha Ocean bags order for LNG carrier duo

South Korea’s Hanwha Ocean has secured a contract valued at approximately $500 million to build two liquefied natural gas (LNG) carriers.

Russian LNG production up 13.7 percent in January-August

Russian liquefied natural gas (LNG) production rose 13.7 percent in January-August this year, according to the Russian statistics agency Rosstat.

Hanwha Ocean, KR to develop LNG bunkering vessel concepts

South Korean shipbuilder Hanwha Ocean is teaming up with Korean Register (KR) to jointly develop two design concepts for an 18,000-cbm LNG bunkering vessel.