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.

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TotalEnergies to transfer Papua LNG operatorship to ExxonMobil

French energy giant TotalEnergies said on Monday that Papua LNG has achieved "major" contractual and commercial milestones, marking "decisive" steps towards a final investment decision. These include completing the EPC tendering process and transferring Papua LNG operatorship to US energy giant ExxonMobil, operator of the PNG LNG project.

K Line, Petronas name LNG carrier duo in China

Chinese shipbuilder Hudong-Zhonghua has hosted a naming ceremony for two 174,000-cbm liquefied natural gas (LNG) carriers it built for Japan’s K Line and Malaysia’s Petronas.

Atlantic spot LNG rates rise for first time in seven weeks

Atlantic spot LNG shipping rates rose for the first time in seven weeks, rising $3,750 week-on-week to $15,500 per day, according to Spark Commodities.

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Zvezda nears delivery of third Russian-built ice-class LNG carrier

Russian Zvezda yard is nearing the delivery of the second Russian-built ice-class liquefied natural gas (LNG) carrier.

Yang Ming, Hanwha Ocean ink deal for LNG-powered containerships

Taiwan’s Yang Ming Marine Transport has signed a shipbuilding deal with South Korea’s Hanwha Ocean for the construction of six LNG-powered containerships.

Russian LNG production up 12 percent in January-July

Russian liquefied natural gas (LNG) production rose 12 percent in January-July this year, according to the Russian statistics agency Rosstat.

TotalEnergies wraps up transfer of Arctic LNG 2 stake to Novatek

French energy giant TotalEnergies has completed the transfer of a 10 percent stake in the Arctic LNG 2 project to a unit of Russian LNG exporter Novatek.