Free ReadSeatrium of Singapore, a leading global company in repairing, upgrading or refitting LNG carriers, has signed another favoured customer contract - this time with Teekay Shipping in Australia. Seatrium said that this latest Teekay agreement was its first with a leading ship management company for the repairs and upgrades of…
Woodside Energy, the operator of the North West Shelf and Pluto LNG plants in Western Australia, has signed a sale and purchase agreement with CPC Corp. of Taiwan for the long-term supply of cargoes.
The BP 2024 Energy Outlook said that liquefied natural gas demand would grow robustly in the near term, driven by increasing needs in emerging economies in Asia as well as in the regional economic powerhouse China.
Shell Plc has confirmed its shareholding with four other partners in the new LNG export plant being developed in the United Arab Emirates by Abu Dhabi National Oil Company’s (ADNOC) at Al Ruwais.
With the global liquefied natural gas fleet now numbering 710 ships in the second quarter of 2024, the LNG and shipping industries are still contemplating a future led by market and policy uncertainties and more geopolitical challenges around the world.
The Japan Bank for International Cooperation has accorded and underwritten loans of more than $800M for a natural gas field, gas pipelines and power projects in Vietnam.
Temasek, the Singapore wealth fund that recently sold all liquefied natural gas interests to Shell, plans to focus on investing in Chinese companies with large domestic sales sales rather than those that depend on foreign markets.
The US Government forecasts increases in liquefied natural gas exports as well as higher benchmark Henry Hub natural gas prices and a rise in the Brent crude oil price in early 2025, while outlining working gas storage expectations at end of injection season.
Fluor Corp. of US and Japan’s JGC Corp. of Japan have completed the final weld on first liquefaction Train at the LNG Canada joint venture at Kitimat on the Pacific Coast province of British Columbia.
French LNG storage tanks technology company GTT plans to invest in a Finnish maritime software firm specialising in the digitalisation of scheduling and chartering processes for bulk shipping.