Top 5 news of the week March 13-19

LNG Prime brings you the five most popular news on our platform during the week of March 13-19, 2023.

1) US firm Venture Global LNG has taken a final investment decision for the second phase of its Plaquemines LNG export plant in Louisiana. The company also secured $7.8 billion in project financing.

2) China Offshore Oil Engineering (COOEC), a unit of CNOOC, has delivered the last two modules it built for the giant Shell-led LNG Canada project.

3) South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering has received a new order from Maria Angelicoussis-led Maran Gas to build two LNG carriers.

4) India’s Swan Energy is waiting for approval from a consortium of banks to finalize its FSRU charter deal with Turkey’s state-owned natural gas and LNG firm, Botas.

5) New Fortress Energy and Golar LNG have completed the previously announced deal regarding the FLNG Hilli located offshore Cameroon’s Kribi.

Most Popular

Venture Global’s Plaquemines LNG seals new gas supply deal

Venture Global LNG’s Plaquemines LNG has signed a new natural gas sale and purchase deal with gas marketer Tenaska Marketing Ventures, according to a DOE filing.

Venture Global takes FID on CP2 LNG

US LNG exporter Venture Global LNG has taken a final investment decision (FID) on the first phase of its CP2 LNG project in Louisiana. The company also closed the $15.1 billion project financing, claiming that it represents the largest standalone project financing ever, and the second-largest project financing after the combined financings of Venture Global’s Plaquemines LNG.

Atlantic LNG shipping rates remain steady, European prices down

Atlantic spot LNG shipping remained steady this week, whilst European prices dropped compared to last week.

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