Ukraine’s state-owned company, Naftogaz Group has now secured LNG supply through a second Baltic FSRU terminal.
US LNG developer, Venture Global has signed a binding agreement with Trafigura to purchase about 0.5 mill tonnes per annum of LNG for five years commencing in 2026.
French engineering group, Technip Energies, as the joint venture lead involving Consolidated Contractors Company (CCC) and Gulf Asia Contracting (GAC), has been awarded a major* engineering, procurement, construction and commissioning (EPCC) contract by QatarEnergy for the North Field West’s (NFW) onshore facilities.
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Bureau Veritas Marine & Offshore (BV) has awarded approval in principle (AIP) certificates for five Hudong-Zhonghua Shipbuilding design projects.
The global LNG market is expected to be broadly balanced this year, although seasonal demand peaks may create localised shortfalls.
Asian LNG spot prices have drifted lower, despite solid demand in the top-consuming region and record European imports.
Naftogaz Group has secured US LNG supplies via Deutsche ReGas’s LNG terminal located on the island of Rügen (Germany) in the Baltic Sea.
Canada’s LNG industry is poised for continued growth this year, as the next wave of liquefaction capacity begins to emerge worldwide, led by US, Qatari and Canadian projects.