LNG

Kosmos Energy, the US shareholder in the floating liquefied natural gas joint venture offshore the West African nations of Mauritania and Senegal, halved its losses in the first quarter and said material progress was made across all the major workstreams of the LNG project centred on the Greater Tortue-Ahmeyim gas fields.

Teekay LNG, the fleet owner and operator of Ice-class carriers serving the Yamal plant in Russia, has found itself as a related and “blocked” entity under US sanctions imposed against units of Chinese shipping line COSCO for allegedly shipping Iranian oil.