LNG

CMA CGM, the French containership group with a growing proportion of vessels powered by liquefied natural gas, has informed its customers that the severe drought and further transit restrictions affecting the Panama Canal have taken a “severe toll” on operations so that consequently CMA CGM prices will have to be increased.

Algeria’s Minister of Energy and Mines Mohamed Arkab has held face-to-face talks in Algiers with Total Chairman and Chief Executive Patrick Pouyanné for discussions including future liquefied natural gas projects.

The cooperation of French energy major Total with China in large-scale liquefied natural gas investments in Russia's Arctic region projects has extended to small-scale LNG with the completion of its first bunkering vessel at the Hudong-Zhonghua Shipbuilding yard near Shanghai.