Top 5 news of the week December 11-17

LNG Prime brings you the five most popular news on our platform during the week of December 11-17, 2023.

1) Japan’s shipping giant NYK is working with Namura Shipbuilding and Sasebo Heavy Industries to replace the main propulsion on steam turbine–driven Moss-type LNG carriers with a dual-fuel diesel engine.

2) Canada’s Pembina Pipeline and the Haisla Nation have postponed a final investment decision on their Cedar floating LNG export project.

3) Indonesia’s state-owned energy firm Pertamina said its 20-year LNG sale and purchase agreement with the Mozambique LNG project was terminated.

4) US LNG firm Tellurian, the developer of the Driftwood LNG export project in Louisiana, said on Friday that its co-founder and chairman, Charif Souki, will no longer serve as an executive or officer of the company or hold any managerial responsibilities.

5) US LNG exporter Venture Global LNG has completed raising the roof on the fourth and final storage tank at its Plaquemines LNG export plant in Louisiana.

Most Popular

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

GTT develops new LNG fuel tank

French LNG containment giant GTT has developed a new cubic-shaped LNG fuel tank for commercial vessels, with a particular focus on LNG-fueled container vessels.

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