The number of LNGC orders have been declining since 2022 but with global LNG demand rising, orders are expected to rebound, according to South Korea’s Chosunbiz.
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Global seaborne LNG trade has been rather flat for the last two years.
A recent fall of the ICIS TTF front-month had pushed it to a year-low discount to East Asian spot LNG.
Asian spot LNG prices were at their lowest level in two months last week, as high inventories and mild weather affected demand.
The European Union has formally agreed to phase out Russian gas imports by late 2027, as part of its effort to end the bloc's dependency on Russian energy, despite the threat of legal challenges.
Glenfarne Group has continued to sign offtake deals for its two projects.
UK energy major Shell has walked away from its share in a phase of the huge Argentina LNG project.
Turkey’s state owned energy company, BOTAŞ has signed several agreements to import natural gas and LNG.