LNG

Sovcomflot, the Russian shipping line, has organized financing for two new liquefied natural gas carriers to increase its LNG fleet to 16 vessels as Russia expands its presence in the sector with more projects.

Pieridae Energy, the developer of the Goldboro LNG export project in the Canadian Atlantic Coast province of Nova Scotia, has posted widening second-quarter losses as it progresses with the venture that includes selling cargoes to German utility Uniper.