LNG - 01 October 2019

Novatek has released a statement in response to the recent US Department of the Treasury’s OFAC order regarding sanctions against COSCO and its partners.

Sempra LNG has entered into a memorandum of understanding with China Three Gorges Corp. regarding a potential LNG supply deal.

US sanctions on COSCO have hit the LNG tanker industry, as Teekay LNG’s shipping joint venture in Russia has been blocked due to its ties to the company.

Pao Novatek and HMS Group have signed a memorandum on strategic partnership and localising the fabrication of critical equipment for LNG production.

Sempra Energy has announced an agreement to sell its stake in Luz del Sur in Peru to China Yangtze Power International.

Avenir LNG Ltd, alongisde MISC Berhad, has announced that PETRONAS, through its subsidiary, PETRONAS LNG Sdn. Bhd., has awarded a time charter party for the provision of its first 7500 m3 LNG carrier.

AES Corp. has announced it has been granted approval by the Government of Vietnam to develop a 2.2 GW combined cycle gas turbine (CCGT) power plant, which will be located in the south-central province of Binh Thuan, Vietnam.