Oman LNG Development Foundation and Mars Development and Investment have each purchased a 10 percent stake in Asyad Shipping’s two newbuild liquefied natural gas (LNG) carriers.
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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.
Novatek-led Arctic LNG 2 is seeking approximately $1 billion in damages from South Korean shipbuilder Hanwha Ocean over terminated shipbuilding contracts for Arc7 ice-class LNG tankers.
German gas importer Securing Energy for Europe (SEFE) has started taking LNG deliveries under a previously signed contract with state-owned producer Oman LNG as scheduled, a SEFE spokesperson told LNG Prime on Thursday.
LNG market participants are grappling with a potential supply shortfall as the US-Iran conflict stretches into its third day and disrupts LNG shipments from Qatar and the UAE, which jointly account for about 20 percent of global LNG supply, according to a new report by Vortexa.