LNG

Malaysia International Shipping Corp., owner and operator of 27 LNG carriers, said the shipping industry landscape continued to be challenging, but long-term contracts in LNG and its offshore businesses were providing stability to the group.

The possible sale by Spanish energy company Repsol of some LNG assets, possibly including its stake in the Peru liquefaction plant, has led to talks between the Peruvian government and Mexico to modify an LNG supply contract originally arranged by Repsol.

US industrial group GE said energy developer Seneca Resources Corp. and partner Ensign Drilling installed two GE Jenbacher LNG-fuelled engines to power drilling rigs in the Marcellus Shale region of Pennsylvania, where feed-gas will come from for US LNG exports.

LNG carrier builder Hyundai Heavy Industries of South Korea has developed an LNG storage tank for marine deployment and is seeking full approval from the classification society of Japan, CLASSNK..