Japan’s Japex buys two spot LNG cargoes

Japan Petroleum Exploration Co (Japex) said it had purchased two spot LNG cargoes at “significantly” higher prices to substitute cargoes from the Middle East due to the ongoing blockade of the Strait of Hormuz.

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South Korea’s Samsung Heavy secures order for LNG carrier quartet

South Korean shipbuilding giant Samsung Heavy Industries has secured an order to build four liquefied natural gas (LNG) carriers for approximately $1.05 billion.

TotalEnergies, GS Energy pen long-term LNG SPA

French energy giant TotalEnergies has entered into a long-term agreement with South Korea’s GS Energy to supply the latter with liquefied natural gas (LNG).

China’s Hudong-Zhonghua develops new LNG carrier design

Chinese shipbuilder Hudong-Zhonghua has received approvals from five classification societies for a new LNG carrier design that features GTT's Next1 containment tech.

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