LNG

The world’s LNG bunker vessel (LNGBV) fleet may have to more than double by 2030 to between 165 and 208 vessels.

Italian offshore engineering company, Saipem is to conduct commissioining services for GOE Petrol Sanayi’s Osman Gazi FPU.

This FPU will be utilised for the development of the Sakarya gas field located in the Turkish Black Sea.

The award follows the operation readiness & assurance support services contract awarded to Saipem in April, 2026 and further strengthens the company’s involvement in one of the most significant energy projects currently under development in Türkiye, the company said.

Sakarya, discovered in August, 2020 and developed by Turkish Petroleum Corp (TPAO), is located around 170 km offshore in the Black Sea, at a water depth of around 2,150 m.

Saipem’s contribution is expected to last for around eight months.

Despite accusations of propping up President Putin’s war efforts, Dynagas Partners explained that it believed that LNG shipments undertaken under its Yamal charters to destinations outside the EU currently fall within the Legacy Contract Derogation.

European natural gas prices reached a new three-year high as traders raced to fill storage facilities ahead of winter, while awaiting details of an Iran/Oman deal on shipping through the Strait of Hormuz.

The so called hyperscale data centre boom sweeping Asia is generating materially divergent outcomes for LNG demand across the region.

Bangladesh’s state-run Petrobangla subsidiary, Rupantarita Prakritik Gas Co (RPGCL) has circulated tenders for six spot cargoes to be delivered next month, the highest number of spot LNG cargoes the country has sought through a single notice.

US natural pipeline operator, Williams has closed its acquisition of Momentum Midstream in a deal valued at around $5.5 bill.

This transaction expands the company’s integrated natural gas infrastructure platform in the Haynesville to serve growing US Gulf Coast LNG, power and industrial demand, it said.

The purchase price includes about $3.5 bill of cash and debt consideration and roughly $2 bill of Williams’ equity.

Momentum’s Haynesville platform adds more than 4,000 miles of pipeline, over 1 mill dedicated acres, 6 bill cu ft per day of gathering capacity, multiple processing and treating facilities and three take-or-pay pipelines with 4.05 bill cu ft of transport capacity.

BofA Securities acted as Williams’ financial advisor, while Truist Securities was also another financial advisor contracted. Davis Polk & Wardwell served as Williams’ legal counsel on the transaction.

Qatar has reportedly sent an LNG cargo through the Strait of Hormuz for the first time since July.

South Korean shipbuilding giant, Hanwha Ocean has become the subject of an international arbitration dispute, following the cancellation of a series of Arc7 LNGC orders intended for Russia’s Arctic LNG 2 project.

The number of ships allowed to transit the Panama Canal could be further reduced, due to drought caused by the El Nino weather pattern, the waterway’s new administrator told the AFP news agency.