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.

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LNG shipping rates continue to decrease

Spot LNG freight shipping rates in both basins continued to decrease this week, while European prices increased compared to last week.

US LNG exports climb to 34 cargoes

US liquefied natural gas (LNG) plants shipped 34 cargoes during the week ending April 16. According to the Energy Information Administration, pipeline deliveries to the LNG terminals increased compared to the prior week.

GTT secured orders for nine LNG carriers in Q1

French LNG containment giant GTT received orders for nine liquefied natural gas carriers in the first quarter, while its revenue rose 31.6 percent compared to the same period last year.

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