LNG

Belgian shipping company Exmar reported improved annual results amid key floating liquefied natural gas charter and sales deals for its LNG barges that left the Antwerp-based operator free of net debts.

Wison Offshore and Marine, the owner of the Chinese shipyard at Nantong in Jiangsu province, held a ground-breaking ceremony for work to start on the modernization of the yard’s LNG shipbuilding capability as part of a national high-tech industrial development zone.

Gaztransport and Technigaz (GTT), the French technology firm for designs of systems for the maritime transportation and storage of liquefied natural gas, said it signed a technical and licensing agreement with Chinese shipbuilder Wison Offshore and Marine for a range of LNG vessels.

Argentine oil and gas producer, Yacimientos Petroleiferos Fiscales (YPF), said a natural gas well caught fire at its huge onshore Vaca Muerta shale gas and oil basin in the northwest of the country and whose resources are expected to lead to future large-scale LNG exports.