Top 5 news of the week August 12-18

LNG Prime brings you the five most popular news on our platform during the week of August 12-18, 2024.

1) India’s Swan Energy has agreed to sell its 2020-built 180,000-cbm FSRU, Vasant 1, to Türkiye’s state-owned natural gas and LNG firm Botas.

2) A unit of German biofuels producer Verbio is seeking long-term and short-term authorization from the US Department of Energy to export bio-LNG via US small-scale liquefaction facilities mainly to Europe.

3) Chinese private shipyard Yangzijiang Shipbuilding has terminated shipbuilding contracts for two 175,000-cbm liquefied natural gas (LNG) carriers. The shipbuilder aims to resell the vessels.

4) South Korea’s HD Hyundai Heavy Industries has delivered one 174,000-cbm LNG carrier to compatriot shipowner Pan Ocean and charterer Shell.

5) Floating LNG player Golar LNG expects to enter into a yard EPC contract to convert its 148,000-cbm Moss-type carrier, Fuji LNG, into an MKII FLNG within the third quarter of this year.

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Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

Glenfarne becomes majority owner of Alaska LNG

US energy firm Glenfarne has signed definitive agreements with state-owned Alaska Gasline Development Corporation to become the majority owner of the giant Alaska LNG export project.

Petronas to supply LNG to PetroVietnam Gas

Malaysian energy giant Petronas will supply liquefied natural gas (LNG) to PetroVietnam Gas, a unit of state-owned PetroVietnam, next month. The two firms will also look into the possibility of signing long-term LNG contracts.

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Shell wraps up acquisition of Pavilion Energy

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Australia’s Viva Energy seeks FSRU for Geelong project

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India’s ONGC approves Mozambique LNG investment

India’s state-run ONGC has approved an investment by its unit, ONGC Videsh, into the TotalEnergies-led Mozambique LNG joint venture, which is developing a 12.8 mtpa liquefaction plant at the Afungi complex.

MOL sells steam LNG carrier for scrap

Japan's shipping giant MOL has sold one steam liquefied natural gas (LNG) carrier for scrap, according to brokers.