CNOOC's Fujian LNG terminal (Image: CNOOC Gas & Power)
China reported a 6.7 percent drop in its LNG imports in July, while its pipeline gas imports increased by 4.8 percent compared to the same month last year.
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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.
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.