Top 5 news of the week March 25-31

LNG Prime brings you the five most popular news on our platform during the week of March 25-31, 2024.

1) LNG giant QatarEnergy has selected shipowners to own and operate 18 Q-Max LNG carriers as part of its massive shipbuilding program, according to shipbuilding sources.

2) US LNG firm NextDecade is moving forward with construction work on the first phase of its Rio Grande LNG export terminal in Texas.

3) South Korean shipbuilder Hanwha Ocean, previously known as DSME, has secured an LNG carrier order worth about $1.84 billion as part of QatarEnergy’s massive shipbuilding program.

4) Stonepeak’s Seapeak is pursuing various opportunities relating to six of its liquefied natural gas (LNG) carriers which are scheduled to complete their current charter contracts between June 2024 and June 2025.

5) Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, joined forces with German asset manager IKAV to buy a majority stake in Italy’s Adriatic LNG terminal.

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CEO: Venture Global to sign multiple 20-year LNG contracts in coming quarters

US LNG exporter Venture Global LNG expects to sign and report on multiple 20-year LNG supply contracts in the incoming quarters, according to CEO Mike Sabel.

Botas, EGAS ink FSRU charter deal

Egypt's EGAS has signed a charter deal with Turkiye's Botas to deploy one of Turkiye's operational floating storage and regasification units in Egypt.

Glencore, Commonwealth LNG finalize 20-year supply deal

Switzerland-based energy trader Glencore has finalized its previously announced long-term agreement with Kimmeridge's Commonwealth LNG to buy liquefied natural gas from the latter's planned LNG export plant in Cameron, Louisiana.

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