LNG

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Asian spot LNG prices were steady last week, as regional demand was muted, while a gas supply deal between Russia and China could curb future LNG imports.

Relative newcomer, Newfoundland-based Fermeuse Energy, is heading up a liquefaction hub project planned for the Fermeuse Marine supply base in the Province.

Canada’s Woodfibre LNG project has passed the halfway stage towards completion.

Slightly earlier than expected, on 9th September NextDecade Corp announced it had made a positive final investment decision (FID) on Train 4 at Rio Grande LNG (RGLNG).

Milford Haven UK-based Dragon LNG has launched a market consultation for the auction of 9 bill cu m per year of regasification capacity, available from 26th August, 2029.

Due to rising losses, US LNG structure developer, New Fortress Energy (NFE) has initiated a process to evaluate alternatives to improve its capital structure.

Belgian-based LNG and LPG vessel owner and operator, EXMAR has reported that operational performance was in line with expectations for the first half of this year.

French energy major, TotalEnergies and KOGAS, South Korea’s national natural gas company and the world’s largest LNG importer, have signed a Heads of Agreement (HoA) for the annual delivery of 1 mill tonnes of LNG over a 10-year period starting from the end of 2027.

Dynagas LNG Partners has announced half year net income and earnings per common unit (basic and diluted) of $27.3 mill and $0.52, respectively.