Top 5 news of the week May 6-12

LNG Prime brings you the five most popular news on our platform during the week of May 6-12, 2024.

1) Japan’s shipping giant NYK said its fleet of operational liquefied natural gas (LNG) carriers rose to 91 vessels by the end of March this year.

2) US LNG exporter Sempra and compatriot engineering and construction firm Bechtel are moving forward with construction on the first phase of the Port Arthur LNG export project in Texas worth about $13 billion.

3) US energy firm ConocoPhillips is looking to sign more LNG offtake deals and to secure additional regasification capacities, as it continues to expand its LNG portfolio, according to its management.

4) Turkey’s Karpowership, part of Karadeniz, and Brazil’s state-owned energy firm Petrobras have signed a memorandum of intent to combine their expertise in the LNG and power sectors.

5) Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, has entered into a deal with infrastructure manager, Ancala, to buy its 50 percent shareholding in the Dragon LNG terminal in the UK.

Most Popular

Shell adds another LNG carrier to its fleet

A unit of UK-based LNG giant Shell has added another chartered liquefied natural gas carrier to its fleet.

Hanwha Engine completes first X-DF engine with VCR tech

South Korea's Hanwha Engine, a subsidiary of Hanwha, has completed what it claims is the world's first WinGD X-DF engine equipped with VCR (variable compression ratio) technology for LNG carriers.

Chevron, China’s ENN seal second LNG SPA

US energy giant Chevron has signed a second LNG sales and purchase agreement with Chinese independent gas distributor ENN.

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