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US LNG developer Cook Inlet LNG has started the process of obtaining approvals from the US Federal Energy Regulatory Commission (FERC), the US Coast Guard and other regulatory agencies for its Alaskan import project.
Four LNG cargoes loaded from Sabine Pass LNG and Plaquemines LNG between 5 and 18 May initially signalled arrival in Tianjin, China. All four have since updated their declared destinations and are headed for South Korea and Japan instead.
In March, due to the Middle East conflict, Oman overtook Qatar as India’s leading supplier of LNG with a market share of 30%.
Since March, the effective closure of the Strait of Hormuz has resulted in a big drop in LNG exports, but LNG charter rates are failing to reflect the current market fundamentals.
US-based United Energy Corp has acquired Alkane Modus Vis and assets from Alkane Midstream for about $31 mill.
US major LNG developer, Venture Global’s wholly-owned subsidiary, Venture Global LNG, has priced $1.125 bill aggregate principal amount of its 6.375% senior secured notes, due 2034 and $1.125 bill aggregate principal amount of its 6.625% senior secured notes, due 2036.
UK based class society and consultancy, Lloyd’s Register (LR) has joined forces with HD Korea Shipbuilding & Offshore Engineering (KSOE) and HD Hyundai Heavy Industries (HHI) to develop a new LNGC design.
Russian LNG exports rose by 11.5% between January and May this year, compared to the same period last year, to 14.5 mill tonnes.
Canada’s Frontera Energy Corp is developing an LNG terminal at the Colombian port of Puerto Bahia, Cartagena.
Odense Denmark-based shipyard, Fayard, which was claimed to be the last EU shipyard still servicing Russian Arctic LNGCs, could repair six Arc7s before the EU ban takes effect.
