LNG

The spate of recent LNGC orders won by South Korean shipyards has had a knock on effect for equipment suppliers.

For example, tank containment system designer, GTT has announced that it has received an order from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for the tank design of three new LNGCs.

The 174,000 cu m LNGCs will be built by HD Hyundai Samho for Greek shipowner Capital Clean Energy Carriers Corp.

They will be equipped with cryogenic tanks featuring the Mark III Flex membrane containment system developed by GTT.

Delivery of the vessels is scheduled for between the third quarter of 2028 and the first quarter of 2029.

Glenfarne Alaska LNG, majority owner and developer of the Alaska LNG Project and a subsidiary of the Glenfarne Group, has partnered with Greek containership and drybulk owner, Danaos Corp to advance the Alaska LNG project.

South Korea’s Hanwha Group has signed a memorandum of understanding (MoU) with Canadian supply company, Fermeuse Energy to advance its Newfoundland and Labrador LNG project.

Qatar Gas Transport Company (Nakilat) has announced a net profit of QAR1.69 bill for 2025, an increase of 3.1% over the QAR1.64 bill recorded in the previous year.

UK-based engineering concern, Wood Group has won a two-year contract extension worth up to $65 mill from Australian oil and gas producer and developer, Woodside.

South Korean shipbuilder, Hanwha Ocean said in a regulatory filing that it has secured an order for two LNGCs worth Won738.3 bill ($502.1 mill) from an Oceania-based shipowner.

With this order, Hanwha Ocean has already won contracts this year for five vessels worth about $890 mill, including three VLCCs and two LNGCs.

Hanwha said that it expects demand for replacing ageing vessels to continue over the mid to long term, due to tighter environmental regulations and rising demand for fuel efficiency.

The shipbuilder also forecast growing demand for LNGCs driven by the development of LNG terminals, particularly in the US.

This order follows China’s Jiangnan Shipyard contract for two 174,000 cu m LNGCs from Singapore’s Eastern Pacific Shipping (EPS).

No price was disclosed. The pair are due to be delivered in the third quarter of 2028.

EPS recently entered the LNG sector by merging with CoolCo.

Harvest Midstream affiliate, Trans-Foreland Pipeline Co, a unit of Harvest Alaska, has filed a request to federal regulators to amend and expand its previously approved Alaskan Kenai LNG cool-down project.

German independent LNG terminal operator, Deutsche ReGas, is suing the European Commission over the approval of state aid, amounting to up to €4.96 bill, for the German Federal Government's FSRU terminals.

Russia’s major oil and gas producer, NOVATEK’s 2025 hydrocarbon production totaled 673 mill barrels of oil equivalent.

Lithuanian KN Energies’ Klaipėda LNG reloading station ended 2025 with record results.

During the year, the highest number of LNG trucks since the start of the station’s operations were loaded, while a record number of small-scale LNGCs were handled at the berth.

December 2025 also proved to be a record month, both in terms of loaded LNG trucks and received LNGCs.

In total, more than 1,800 LNG trucks were loaded at the Klaipėda LNG reloading station in 2025. This accounts for more than one quarter of all LNG trucks loaded since the start of operations in 2017 (nearly 6,400 in total).

In December 2025 alone, 277 LNG trucks were handled — more than twice the average monthly volume of the past three years.

A total of 26 small-scale LNGCs were discharged at the jetty, some 25% more more than in the previous year.

In December, 2025, four small-scale LNGCs were handled.