Top 5 news of the week March 21-27

LNG Prime brings you the five most popular news on our platform during the week of March 21-27, 2022.

1) Uniper and RWE have secured three floating storage and regasification units (FSRUs), as Germany looks to replace Russian gas with LNG, according to the country’s Economy Minister, Robert Habeck.

2) Greece’s Mediterranean Gas, the developer of an FSRU-based import project which includes ExxonMobil, has received approval for its planned development in the port of Volos.

3) Shell has received approval from Australian regulator Nopsema to restart its giant Prelude FLNG located offshore Australia, following an incident in December last year.

4) Dynagas LNG Partners could look into converting its LNG carriers into FSRUs as Europe looks for fast-track import solutions in order to reduce dependence on Russian gas.

5) UTM Offshore is expecting to award the front-end engineering and design (FEED) contract for Nigeria’s first floating LNG project in April, according to the company’s managing director and chief executive, Julius Rone.

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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