LNG

Iran’s Foreign Minister, Abbas Araghchi has warned against alleged Israeli “false-flag operations” designed to undermine regional peace, following a denial by Yemen’s Houthi group that it was involved in a recent drone attack on Egypt’s Damietta Port, which damaged an FSRU and an LNGC.

Japanese shipping giant Nippon Yusen Kaisha (NYK) is to invest in MidOcean Energy, an LNG company backed by private US investment firm EIG, to enhance its LNG value chain businesses.

Emerging African natural gas producers are broadening their focus beyond export markets to fully realise the value of their reserves, according to the African Energy Chamber.

Some 35 LNGCs sailed from US terminals during the week ending 29^th July.

The LNG-carrying capacity of the vessels was 135 bill cu ft, a rise of 9 bill cu ft from the previous week.

Seven vessels each departed from Corpus Christi, Plaquemines, and Sabine Pass; four each from Calcasieu Pass and Freeport; three from Cameron; two from Cove Point; and one from Golden Pass.

An explosion has occurred at Qatar's Ras Laffan gas export terminal, as workers resumed operations at the plant after Iran bombed it during the war.

India’s state-owned Oil and Natural Gas Corp (ONGC) has reinvented itself as a ‘gas-and-oil’ company, its Chairman, Arun Kumar Singh said.

Norwegian state-owned energy giant, Equinor and its partners, Petoro, Shell, TotalEnergies plus ConocoPhillips, are to invest just over NOK4 bill in a new subsea development that will increase the North Seas’ Troll field gas production.

Cyprus is to finish its long-delayed LNG import terminal, Cyprus Energy Minister, Michael Damianos told Platts, part of S&P Global Energy, in a recent interview.

US energy developer, New Fortress Energy’s (NFE) UK restructuring plan (RP) has been approved at a hearing in the High Court of Justice of England and Wales.

The plan companies were granted an order sanctioning the UK RP, which are two inter-conditional restructuring plans proposed by each of the companies.

A sanction order will shortly be filed with the Registrar of Companies and the UK RP will become effective in accordance with its terms.

The RP concerns its subsidiaries, NFE Global Holdings and NFE Brazil Newco, and certain of NFE RP creditors.

Creditors showed overwhelming support for the UK RP with 99% of voting in favour of the plan and unanimous consent obtained in nearly all classes of plan creditors, NFE claimed.

A hearing before the US Bankruptcy Court of the Southern District of New York to confirm the recognition of the UK RP will be held on 26^th June, 2026.

The UK RP transactions are expected to be implemented by the third quarter of this year, subject to the satisfaction of customary conditions and regulatory approvals.