LNG

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Shiptracking data provided by analytics firms Kpler and LSEG show three LNGCs had been diverted towards Asia towards the end of last week.

Examining the Middle East conflict, ICIS has outlined three different scenarios that could have implications for European gas prices, LNG availability and storage levels.

QatarEnergy has circulated up to 10 LNGCs for charter in a bid to engender cash flow from idle shipping capacity, following the output suspension at its 77 mill tonnes per annum Ras Laffan liquefaction facility.

The UK Government has stressed that there will be no gas supply disruptions, due to the Middle East conflict.

Russia's Deputy Prime Minister, Alexander Novak confirmed that he had discussed with domestic energy companies the possibility of redirecting Russian LNG supplies from Europe to other markets, Interfax news agency and Izvestia newspaper reported.

According to a leading maritime law firm, international law does not permit Iran to obstruct vessels’ transits through an international strait, such as the Strait of Hormuz.

Capital Clean Energy Carriers Corp (CCEC) reported a robust performance in the fourth quarter of last year, with a net income of $28.4 mill.

Oslo based LNGC owner, Awilco LNG has conditionally secured NOK251.3 mill, equivalent to about $26 mill, in a private placement of new shares.

In an update, US plant developer, Cook Inlet LNG,said that following months of hard work, collaboration and due diligence, the offshore LNG import project, utilising an FSRU and existing platform infrastructure is advancing.