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.

Most Popular

Posco International, Glenfarne ink Alaska LNG pact

US energy firm Glenfarne and Posco International, a unit of South Korean steel producer Posco, have signed a deal to advance a strategic partnership for the development of the Alaska LNG project. This includes initial terms for a long-term heads of agreement for LNG supply.

Monkey Island LNG pens offtake MoU

Houston-based Monkey Island LNG, the developer of a 26 mtpa liquefaction and export facility in Cameron Parish, Louisiana, said it had signed a memorandum of understanding with an unidentified international oil company for the offtake of LNG.

Hudong-Zhonghua gets approvals for new LNG bunkering vessel

Chinese shipbuilder Hudong-Zhonghua has received approvals from five classification societies for a 25,000-cbm LNG bunkering vessel design it jointly developed with French LNG containment specialist GTT.

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