LNG

Switzerland's Axpo, the largest producer of renewable energy and an international leader in energy trading and marketing, has been granted a subordinated credit line of up to 4 billion Swiss francs ($4.07Bln) because of “unprecedented turmoil” on European power markets.

Flex LNG, the growing LNG shipping company with six vessels operating and seven others on order and whose largest shareholder is a company controlled by Norwegian magnate John Fredriksen, has entered into a time charter with a subsidiary of commodities firm Gunvor.