LNG

Zodiac Maritime has entered the LNG carrier market by ordering two firm 174,000 cu m vessels, plus options for two more, from South Korea’s Hanwha Ocean in a deal valued at 680 billion won (about $500 million). Delivery of the vessels is scheduled for November 2029.

Beach Energy of Australia, the company destined to be the nation’s newest liquefied natural gas exporter from Western Australia, has solved some of the natural gas shortages in southeast Australia with a double gas discovery in the offshore Otway Basin in the state of Victoria.