LNG

Marathon Oil Corp., the US company and shareholder in Equatorial Guinea LNG in West Africa, has signed an accord with a unit of US major Chevron to progress with the development of the Equatorial Guinea Regional Gas Mega Hub (GMH) project.

Golar LNG Partners, the owner of 10 vessels, said that growing underlying demand and limited new nameplate production additions through to 2023 will result in LNG prices that help the fuel’s competitiveness and support a more sustained increase in US-Asia trade and ton-mile demand for shipping.