Top 5 news of the week May 8-14

LNG Prime brings you the five most popular news on our platform during the week of May 8-14, 2023.

1) Australian engineering firm Worley and US LNG exporter Venture Global LNG have signed a deal for the construction of the latter’s proposed CP2 LNG export terminal in Louisiana.

2) US LNG firm Tellurian said it had appointed investment banker Simon Oxley as its new chief financial officer to help it with securing financing for the first phase of its Driftwood LNG export plant in Louisiana.

3) South Korea’s Sinokor Merchant Marine has purchased a 2007-built LNG carrier from France’s TotalEnergies and Japan’s NYK, according to brokers.

4) Paris-based LNG engineering giant Technip Energies is on track to complete exiting Novatek’s Arctic LNG 2 project in Russia within the first half of 2023, according to the company’s CEO Arnaud Pieton.

5) A unit of South Korean LNG importing giant Kogas has taken delivery of a 7,500-cbm LNG bunkering vessel equipped with a new cargo containment system.

Most Popular

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.

Baker Hughes to buy Chart in $13.6 billion deal

US energy services firm Baker Hughes has entered into a definitive deal to buy compatriot LNG equipment maker Chart Industries. The transaction is worth $13.6 billion.

Adnoc L&S sells two steam LNG carriers for scrap

UAE’s Adnoc L&S, a unit of state-owned energy giant Adnoc, has sold two steam liquefied natural gas (LNG) carriers for scrap, according to brokers.

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