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.
SK Shipping's fleet of liquefied natural gas (LNG) carriers will double to 32 vessels as part of an asset swap deal with H-Line Shipping announced by South Korean private equity firm Hahn & Co.
China’s Guangzhou Shipyard International has handed over a new LNG-fueled pure car and truck carrier to South Korean owner H-Line Shipping and charterer Hyundai Glovis.
Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.