Top 5 news of the week November 4-10

LNG Prime brings you the five most popular news on our platform during the week of November 4-10, 2024.

1) Classification society DNV added 66 LNG-powered ships, mostly container vessels, to its Alternative Fuels Insight platform in October. The strong momentum continues following orders for 111 LNG-powered vessels in July-September.

2) Energy behemoth Aramco is working to build further its LNG positions that give the company access to LNG offtake, according to executive vice president and CFO Ziad Al-Murshed.

3) Glenfarne Group’s Texas LNG has selected Kiewit to lead the engineering, procurement, and construction (EPC) of its planned 4 mtpa LNG export terminal in the port of Brownsville.

4) UAE’s Adnoc has signed a sales and purchase agreement with German gas importer Securing Energy for Europe (SEFE) to supply the latter with liquefied natural gas from its LNG terminal in Al Ruwais.

5) Japan’s shipping giant NYK reported steady earnings for its large fleet of liquefied natural gas (LNG) carriers in the first half of fiscal 2024.

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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