Top 5 news of the week March 6-12

LNG Prime brings you the five most popular news on our platform during the week of March 6-12, 2023.

1) China Offshore Oil Engineering (COOEC), a unit of CNOOC, has delivered the last two modules it built for the giant Shell-led LNG Canada project.

2) US shale gas producer Chesapeake Energy has signed a heads of agreement with Geneva-based trader Gunvor to supply the latter with liquefied natural gas from a liquefaction plant in the US.

3) Cosco Shipping Heavy Industry in Shanghai has almost completed the conversion work on the FSRU which will serve the first Cyprus LNG import terminal in Vasilikos.

4) French LNG engineering firm Technip Energies is currently working on up to ten LNG FEED contracts and expects to secure new EPC deals this year, according to its chief executive Arnaud Pieton.

5) Equinor and Shell have completed talks with the government of Tanzania regarding the planned $30 billion LNG export project in Lindi. 

Most Popular

Venture Global’s Plaquemines LNG seals new gas supply deal

Venture Global LNG’s Plaquemines LNG has signed a new natural gas sale and purchase deal with gas marketer Tenaska Marketing Ventures, according to a DOE filing.

Venture Global takes FID on CP2 LNG

US LNG exporter Venture Global LNG has taken a final investment decision (FID) on the first phase of its CP2 LNG project in Louisiana. The company also closed the $15.1 billion project financing, claiming that it represents the largest standalone project financing ever, and the second-largest project financing after the combined financings of Venture Global’s Plaquemines LNG.

Atlantic LNG shipping rates remain steady, European prices down

Atlantic spot LNG shipping remained steady this week, whilst European prices dropped compared to last week.

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