Top 5 news of the week July 18-24

LNG Prime brings you the five most popular news on our platform during the week of July 18-24, 2022.

1) Germany has chosen Stade and Lubmin as the next two locations to install the chartered floating storage and regasification units, as part of its plans to fast-track LNG imports and slash reliance on Russian gas.

2) LNG giant Shell said it would stop paying Prelude FLNG workers after they extended industrial action for two more weeks.

3) US engineering and construction giant Bechtel has started work on two LNG storage tanks as part of the third expansion phase at CPC’s Taichung import terminal in Taiwan.

4) Delfin LNG, a unit of Delfin Midstream and the developer of a floating LNG export project in the Gulf of Mexico, has requested more time from US FERC to put into service the project’s onshore facilities in Louisiana.

5) Bulgaria’s Overgas is looking to take regasified LNG from Excelerate Energy’s planned Vlora LNG terminal in Albania under a new deal revealed on Monday.

Most Popular

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

GTT develops new LNG fuel tank

French LNG containment giant GTT has developed a new cubic-shaped LNG fuel tank for commercial vessels, with a particular focus on LNG-fueled container vessels.

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