LNG

At an analysts’ presentation on the fourth quarter 2025 results, Danaos Corp CEO, Dr  John Coustas, expanded on his company’s foray into the LNG sector.

Danaos had previously announced it had invested in Glenfarne’s Alaska LNG project and intended to build and operate LNGCs for the project.

Dr Costas said that the current timeline is for completion of the projects in 2030.

In terms of number of ships, there will be between six and 10 required for the export volumes.

“It depends a bit also on the exact routing, where the ships are going to be employed, but it’s going to be definitely from Alaska to the Far East.

“We’ll need to start really placing orders in about a couple of years’ time. In terms of duration, this project is really it’s a very long-term project. We’re talking about employment of 10, 20 years, or so,” he said.

The drybulk and containership owner reported better than expected earnings for the fourth quarter of 2025, with an adjusted earnings per share (EPS) of $7.14, surpassing the forecast $6.92.

UK energy major bp is seeking a US Government license to develop the Manakin-Cocuina gas field that straddles the border between Trinidad and ‌Tobago and Venezuela, its interim CEO Carol Howle told Reuters.

The long-term LNG story remains compelling, and last year marked the start of the third wave of new liquefaction capacity coming online, commented Marius Foss, CEO of Flex LNG Management in the fourth quarter 2025 results presentation.

The European Commission (EC) has introduced a new package of sanctions against Russia – the 20th since the start of the Ukraine war.

Alaska’s Cook Inlet LNG, a subsidiary of Gardes Holdings, is partnering with Glacier Oil & Gas to develop an FSRU project as a ‘bridge’, while longer-term Alaskan Southcentral energy solutions come to fruition.

Glacier operates the onshore West MacArthur River project and the offshore Osprey platform in the Redoubt section.

Cook Inlet plans to moor the FSRU alongside the Osprey platform on the west side of the inlet to supply 22 bill cu ft of gas per year.

Mooring anchors placed on the seafloor would be the only new infrastructure required, the company claimed.

The FSRU would be supplied by LNGCs about once every 30 to 45 days during the winter, with longer durations in the summer.

Cook Inlet LNG has initiated the process of obtaining regulatory approvals from the US Federal Energy Regulatory Commission (FERC), the US Coast Guard and other regulatory agencies.

First gas from the FSRU is expected in mid-2029.

The project is claimed to be privately funded, and once in operation, gas costs to utilities and rate payers would be approved by the Regulatory Commission of Alaska, which applies to other gas supply contracts.

Russian LNG supplies to the European Union reached a record high last month, according to Russian media outlet TASS’ calculations, based on data from the European analytical centre Bruegel.

Since early January, French engineering group, GTT has won another eight orders for the design of containment systems to be fitted on board newbuilding LNGCs to date.

Belgian LNG and LPG player, EXMAR has been selected by Canada’s Cedar LNG Partners to provide marine and operational services for the developer’s newbuilding FLNG.

Cedar LNG, majority-owned by Canada’s Haisla Nation, in partnership with Pembina Pipeline Corp, will be the world’s first indigenous majority-owned LNG facility.

The plant, located in Kitimat, British Columbia, within Haisla Nation’s territory, will be powered by renewable electricity, making it one of the world’s lowest carbon intensity LNG facilities.

Cedar’s FLNG is currently under construction at Samsung Heavy Industries (SHI). 

EXMAR’s operations & maintenance contract will include the development of dedicated operational procedures for FLNG ‘megúgu’.

The Antwerp-based company’s teams will be involved in the different phases of the project, starting immediately during the FLNG’s construction and pre-operations, in close partnership with Cedar’s team.  

EXMAR’s CEO, Carl-Antoine Saverys, said: ”EXMAR is proud to be selected as strategic partner and embark on this unique, first of its kind FLNG project.

“Our unique track record for safe and reliable operations has been thoroughly valued by Cedar. We are confident this partnership will create a strong base for future FLNG operations, “ he said.  

Greek LNG importer, Atlantic Sea LNG Trade, a joint venture between gas supplier DEPA and construction group Aktor, is negotiating to secure up to 15 bill cu m of ‌US LNG annually for 20 years to supply southern Europe, its CEO told Reuters.

The New Zealand Government is to sign a contract to build an LNG import plant.