Awilco LNG logs $4.4 million net loss in Q4

Norway’s Awilco LNG reported a net loss of $4.4 million in the fourth quarter of this year, while the company is searching for longer-term employment for its two TFDE vessels which are trading in the spot market.

LNG Prime Annual Subscription Membership Required

You must be a LNG Prime Annual Subscription member to access this content.

Join Now

Already a member? Log in here

Most Popular

Venture Global seals new deals to support expansion of its power network

US LNG exporter Venture Global has entered into power and grid frame agreements with GE Vernova and Baker Hughes for up to 16 new, 720 MW power island units and associated power transformer equipment, supporting the continued expansion of its existing behind-the-meter, industrial power network that is not reliant on the grid.

Venture Global gets approval to place first Plaquemines LNG phase in service

Venture Global’s Plaquemines LNG has secured approval from the US FERC to place Phase 1 of its LNG export plant in Louisiana into service.

Hanwha Ocean, Posco plan to build LNG carrier with high-manganese steel tanks

South Korean shipbuilder Hanwha Ocean and steel producer Posco plan to build a liquefied natural gas (LNG) carrier equipped with high-manganese steel cargo tanks.

More News Like This

ALNG expects to enter LNG trading by year-end

Norway’s ALNG, the owner of two TFDE LNG vessels, expects to enter LNG trading with its first transaction by the end of this year, according to interim CEO Jens-Julius Ramdahl Nygaard.

Awilco LNG appoints interim CEO

Norway's Awilco LNG, the owner of two TFDE LNG vessels, has approved a name change to ALNG and appointed Jens-Julius Ramdahl Nygaard as interim chief executive officer.

Awilco LNG appoints chief commercial officer

Norway's Awilco LNG, the owner of two TFDE LNG vessels, has appointed Niels Rigault as its chief commercial officer as the company enters its next phase of development.

Awilco LNG to change name

Norway's Awilco LNG, the owner of two TFDE LNG vessels, aims to change its name to ALNG as the company enters its next phase of development.