Malaysia’s PETRONAS Gas and a company connected to Tenaga Nasional, have signed a heads of agreement (HoA) to jointly develop a third regasification terminal (RGT-3) at Lumut, Perak.
The number of LNGCs sailing from US terminals fell this week to 29 from 32 the week before.
China imported 4.9 mill tonnes of LNG last month, a slight increase year-on-year, Bloomberg reported.
European Union LNG imports fell on an annual basis for the second consecutive month in May.
US offshore LNG plant developer, Delfin Midstream, has taken a final investment decision (FID) for its first FLNG.
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.