Worley to handle Alaska LNG’s phase one services
Glenfarne Alaska LNG has provisionally appointed Australian engineering company, Worley to handle engineering, procurement, and construction management (EPCM) services for the first phase of the project.
LNGC rates continue to soften
Atlantic LNGC freight rates continued to fall last week ending up at $16,250 per day last Friday, while Pacific rates also softened, according to Spark Commodities.
The US front-month arbitrage to northeast Asia, via the Cape of Good Hope, also closed out further.
"This (last) week saw the strongest signal to Europe for US prompt cargoes since December, 2022, driven by continuing falls in the JKM/TTF spread, as the JKM fails to match the recent TTF rally," Spark’s analyst, Qasim Afghan, explained.
Global demand growth for natural gas to accelerate - IEA
A surge in LNG supply is expected to play a key role in rebalancing global gas markets in 2026, leading to stronger demand growth after a slowdown last year, according to the IEA’s latest quarterly Gas Market Report.
Shell looking to sell Vaca Muerta interests
UK’s energy giant Shell is considering selling its assets in Argentina's Vaca Muerta shale play and has approached potential buyers to gauge their interest, three sources have told Reuters.
Venture Global wins Repsol arbitration case
Venture Global has won an arbitration case brought by Repsol LNG Holding.
Brunei extends SPA with Vitol
Brunei Energy Services & Trading (BEST) has extended an LNG sale and purchase agreement (SPA) with trader Vitol.
Number of LNGCs leaving US ports increases
Some 37 LNGCs, with a combined LNG-carrying capacity of 139 bill cu ft (Bcf), left US ports between 15th and 17th January, according to shipping data provided by Bloomberg Finance to the US Energy Information Administration (EIA).
Nine vessels sailed from Sabine Pass, eight from Plaquemines, six from Corpus Christi, four each from Cameron and Calcasieu Pass and three each departed from Cove Point and Freeport.
KOGAS found liable for LNGC cargo tank defects
South Korea’s Seoul Central District Court has ruled that Korea Gas Corp (KOGAS) must pay around Won299.6 bill to Samsung Heavy Industries (SHI) following a lawsuit concerning alleged defective KC-1 designed LNG cargo tanks.
Chiyoda wins FEED contract for Ras Laffan’s NFW expansion facilities
QatarEnergy LNG has contracted Japanese engineering company, Chiyoda Corp to undertake the front-end engineering design (FEED) contract for the North Field West (NFW) onshore facilities at Ras Laffan.
Inpex launches pre-qualification for Abadi tender
Reports were circulating that Japan’s oil and gas developer, Inpex had taken a major step to advance Indonesia’s large Abadi LNG project by launching pre-qualification for a key tender.
