Large Greek containership and drybulk owner, Danaos Corp, has entered the LNG sector by announcing a partnership with Glenfarne Alaska LNG.
LNG production has commenced following completion of the Darwin LNG life extension project and cool down of the LNG train and storage tank.
UK-based engineering concern, Wood Group has won a two-year contract extension worth up to $65 mill from Australian oil and gas producer and developer, Woodside Energy.
Qatar Gas Transport Company (Nakilat) has announced a net profit of QAR1.69 bill for 2025, an increase of 3.1% over the QAR1.64 bill recorded for the previous year.
The African Development Bank’s Board has approved a $150 mill senior loan to support the development of the ‘Coral Norte’ FLNG project.
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In the LNG sector last year, a 25% surge in purchases by European countries was a key highlight.
Asian spot LNG prices rose last week on the back of a colder weather outlook, which resulted in demand returning, lifting price levels to their highest levels in six weeks.
ADNOC Gas has signed a sales and purchase agreement (SPA) with India’s Hindustan Petroleum Corp (HPCL) for the supply of 500,000 tonnes per annum of LNG, valued at between $2.5 - $3 bill over a period of 10 years.