German state-owned Deutsche Energy Terminal’s (DET) fifth floating import terminal is on course to start operations this month, with a first commissioning cargo due in November.
Watson Farley & Williams (WFW) has assisted Japan’s largest shipowning conglomerate, Nippon Yusen Kabushiki Kaisha (NYK) on the completion of its acquisition of a 50% stake in Avenir LNG.
The stake was purchased from Stolt-Nielsen Gas, a subsidiary of Stolt-Nielsen Limited.
This transaction was completed following WFW’s co-ordination and sourcing for both NYK and Stolt-Nielsen of all required regulatory and competition authority approvals, including merger control clearances in the EU, China and South Korea.
Founded in 2017, Avenir LNG has developed into a major LNG bunkering company, operating a fleet of bunker vessels worldwide. Stolt-Nielsen is a leading provider of integrated bulk-liquid logistics, storage and specialist transport services.
Appleby supported WFW on Bermudan law matters.
Three LNG ship-to-ship (STS) transfers took place outside the Strait of Hormuz last month, according to a Reuters report.
UK energy giant Shell has confirmed the completion of the acquisition of ARC Resources, an energy company focused in British Columbia and Alberta, Canada.
Brunei LNG signed a long-term LNG sale and purchase agreement (SPA) with JAPEX on 31st August, 2026.
The signing ceremony represents an important milestone in the relationship between Brunei LNG and JAPEX, reinforcing a commitment as a reliable energy supplier and the continued presence of a trusted, long-term LNG supplier in the Japanese market, Brunei LNG said in social media post.
No details about the volume of LNG to be supplied or the duration of the agreement were given.
Asian Spot LNG prices rose to $24.614 per MMBtu on Tuesday, according to a Bloomberg report.
Germany is sounding out Algeria for gas deals to diversify its supply, the country’s Foreign Minister said while in Algiers.
Bangladesh has re-issued one tender and floated three more to purchase four spot LNG cargoes for delivery during September and October.
US engineering giant, Black & Veatch has launched BVInfraIQ, an AI-enabled digital infrastructure intelligence platform.
Mitsui OSK Lines (MOL) has completed the integration of the MOL Group’s six shipmanagement companies into MOL Global Ship Management (MOLGSM).
This includes its various LNG offices.
As a result, MOLGSM will now oversee the complete management of more than 200 vessels across the Group, further strengthening the safety management framework, MOL said.
The six companies consolidated under MOLGSM are: MOL LNG Ship Management (Singapore, Hong Kong, India); MOL Ship Management (Singapore); MOL Tankship Management (Singapore, London); MOL LNG Transport (Japan); MOL Ship Management (Japan) and MOL LNG Transport (Europe) Ltd (UK).