LNG

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Asian LNG imports will see the weakest September in eight years, as high spot prices deter Chinese and South Asian buyers.

Europe is approaching this winter with high gas prices, escalating conflicts disrupting supply and gas storage at the lowest level for this time of year since records began in 2011.

Norwegian state owned oil and gas giant, Equinor aims to expand its LNG supply portfolio to between 10 mill and 15 mill tonnes per year early in the next decade to meet demand from Europe and Asia, senior executives said.

There has been a plethora of long term sales and purchase agreements announced during the past couple of weeks.

QatarEnergy is negotiating with several producers to secure multi-year US LNG contracts through 2031.

US-based class society, American Bureau of Shipping (ABS), has awarded an approval in principle (AIP) for Hanwha Ocean’s multi-purpose fuel tank and fuel gas supply system design to enable an LNGC to switch from LNG to ammonia fuel without replacing the fuel tank or fuel gas supply system (FGSS).

A fourth Russia-linked Arc7 LNGC is heading for Danish shipyard Fayard as a new US law targets Russian LNG shipping.

HD Hyundai Samho and ClassNK have signed a memorandum of understanding (MoU) for joint development of an LNGC design incorporating the forthcoming amendments to the International Code for the Construction and Equipment of Ships Carrying Liquefied Gases in Bulk (IGC Code).