Top 5 news of the week July 29-August 4

LNG Prime brings you the five most popular news on our platform during the week of July 29-August 4, 2024.

1) Australian engineering firm Monadelphous has secured a contract from compatriot LNG player Woodside for work on the first Pluto LNG train near Karratha in Western Australia.

2) Danish shipping giant Maersk will take on charter a fleet of LNG dual-fuel containerships which will be built at Chinese yards, according to shipbuilding sources.

3) US LNG terminal developer Tellurian, which is being acquired by Australia’s Woodside, released the latest construction update for the first phase of its Driftwood LNG terminal in Louisiana.

4) Argentina’s state-owned oil and gas company YPF and Malaysia’s Petronas have decided to build their $30 billion Argentina LNG export project in the Patagonian province of Río Negro.

5) Freeport LNG has shipped the first cargo from its LNG export plant in Texas since the shutdown on July 7 due to Hurricane Beryl, according to shipping data.

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Spot LNG shipping rates slightly up this week

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet rose slightly this week compared to the previous week.

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Malaysia Marine and Heavy Engineering (MHB) has secured new contracts to repair liquefied natural gas (LNG) carriers.

Nigeria LNG seals long-term gas supply deals

LNG producer Nigeria LNG, a joint venture of NNPC, Shell, TotalEnergies, and Eni, has signed six long-term gas agreements to secure supplies for its Bonny Island plant, including the terminal's expansion.

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