LNG

Venture Global’s wholly-owned subsidiary, Venture Global Shipping Holdings has signed a credit and guaranty agreement providing for a senior secured term loan facility totalling up to $1,5 bill.

NextDecade Corp’s partially-owned subsidiary, Rio Grande LNG (RGLNG) is to issue $1 bill senior secured notes, due 2031, $500 mill senior secured notes, due 2034, $1.25 bill senior secured notes, due 2036 and $750 mill senior secured notes, due 2041.

Swedish-based engineering company, Alfa Laval has unveiled the next generation of its Smit inert gas system (IGS) deigned for LNG and LPG carriers.

ABS has awarded the SMART (MHM) notation to a GasLog LNG, the first commercial vessel to receive the notation in combination with the ABS Preventative Maintenance Program (PMP).

Lloyd’s Register (LR) has given Mitsui OSK Lines (MOL) its Global Technology Technical Achievement Award at the 4th Global LNG Forum.

In partnership with South Korean small and mid-size companies, HD Korea Shipbuilding & Offshore Engineering (HDKSOE) has developed a high-pressure pump for fuel supply to LNG-fuelled vessels.

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Qatar expects to restore normal liquefied natural gas production “within a few weeks,” Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani told the Financial Times, provided the US and Iran establish a “hotline” to ensure safe passage through the Strait of Hormuz.

No LNG carriers are at the Ras Laffan berths and no loadings under way, our vessel tracking data shows, and Sunday night's explosion and fire at the Barzan plant points to a slower return to market for the complex than its recent restart signals had implied.

India’s state-run Oil and Natural Gas Corp (ONGC) is repositioning itself as a “gas-and-oil” company as natural gas overtakes crude in its production mix, Chairman Arun Kumar Singh said, underscoring a structural shift in the company’s growth strategy.