Malaysia’s LNG shipping player MISC, a unit of Petronas, expects LNG carrier charter rates to remain elevated relative to the pre-Middle East conflict period, underpinned by robust long-term LNG demand.
LNG Prime Annual Subscription Membership Required
You must be a LNG Prime Annual Subscription member to access this content.
TotalEnergies, TES, and Japanese firms Osaka Gas, Toho Gas, and Itochu have launched front-end engineering design (FEED) activities for the planned Live Oak large-scale facility to produce electric natural gas (e-NG), also known as e-methane, in Nebraska, United States.
France’s TotalEnergies and its partners in the Papua LNG export project have signed amendments to the project's gas agreement with the government of Papua New Guinea, paving the way for a final investment decision by the end of the year.
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.
Egypt, which has turned to LNG imports over the last two years to cover domestic natural gas shortages, will receive more much-needed gas supplies after UK-based LNG giant Shell and its partners took a final investment decision on the Phase 12a development project in the West Delta Deep Marine (WDDM) concession.
Australian LNG player Santos and its GLNG joint venture partners have entered into binding agreements to purchase 100 percent of the Greater Meridian CSG project in Queensland for approximately $310 million.
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.