Kinetics, a unit of Turkiye's Karpowership, confirmed on Wednesday that it will further expand its LNG infrastructure fleet by converting the LNG carrier Arctic Voyager into a floating storage and regasification unit (FSRU).
Norwegian FSRU player Hoegh Evi has signed a deal with Sarawak’s state-owned oil and gas company Petros to jointly develop an FSRU-based LNG import terminal in Malaysia's Sarawak state.
South Korea-based LNG technology and assets firm GasEntec has secured a contract from Belgian shipping firm Exmar to supply the regasification modules for an LNG carrier-to-FSRU conversion.
Malaysia’s LNG shipping player MISC, a unit of Petronas, said its LNG business logged a drop in operating profit and revenue in the second quarter of this year. MISC also expects spot LNG carrier rates to remain volatile in the near term because of uncertainties around the Strait of Hormuz situation.
Malaysian LNG shipping firm MISC has ordered one 18,700-cbm LNG carrier from China's Hudong-Zhonghua, backed by a 10-year charter deal with a unit of its parent Petronas.