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.
Essar Group’s GreenLine strengthened its partnership with India's steel maker Tata Steel with the launch of LNG-powered trucks at the latter's Meramandali facility in Odisha.
India’s Blue Energy Motors has secured fresh funding and will invest further in the production of LNG-powered trucks to boost the decarbonization of the heavy-duty sector in India.