French energy giant TotalEnergies said on Monday that Papua LNG has achieved "major" contractual and commercial milestones, marking "decisive" steps towards a final investment decision. These include completing the EPC tendering process and transferring Papua LNG operatorship to US energy giant ExxonMobil, operator of the PNG LNG project.
Chinese shipbuilder Hudong-Zhonghua has hosted a naming ceremony for two 174,000-cbm liquefied natural gas (LNG) carriers it built for Japan’s K Line and Malaysia’s Petronas.
Atlantic spot LNG shipping rates rose for the first time in seven weeks, rising $3,750 week-on-week to $15,500 per day, according to Spark Commodities.
China's Huangpu Wenchong Shipbuilding has secured approval in principle from classification society Lloyd's Register for a new 12,500-cbm LNG bunkering vessel design.
Classification society Lloyd’s Register has secured a contract from Dutch services company Dixstone, a unit of London-based oil and gas firm Perenco, to deliver classification and technical assurance for the conversion of an LNG carrier into a floating storage unit (FSU) for the Gabon project.
French LNG containment giant GTT expects approximately 550 orders for large LNG carriers over the next ten years, according to chief executive Francois Michel.