LNG

According to Reuters, GCL Oil & Natural Gas Co. Ltd and Shell have signed a framework agreement to explore the development of a joint venture based in eastern China to market and trade LNG.

LNG Limited has announced the withdrawal of LNG9’s takeover bid and provided a financing update.

Outokumpu has announced that Heikki Malinen has been appointed President and CEO, and the Chairman of the Leadership Team.

According to Reuters, three unnamed traders have said that Shell has offered LNG cargoes for loading from 2021 onwards for a period of at least five years through a tender.

Grupa LOTOS, LOTOS Paliwa and Remontowa LNG Systems have signed an agreement to build a pilot LNG docking station at the LOTOS service station located in Gdansk-Osowa.

Matrix Service Company has provided an update regarding its operations and business response to the COVID-19 pandemic.

Samsung Heavy Industries has finalised a deal with a Bermudan ship owner to build two LNG-fuelled VLCCs, which will be delivered by April 2022.

LNG tankers carrying US LNG are bound for China after Beijing announced that it would be granting tax waivers to some importers.

Asian LNG spot prices have increased marginally from the recent record lows as Chinese buyers have begun re-entering the market.

According to Reuters, South Korea’s top LNG buyer, KOGAS, has requested that some of its LNG cargo deliveries be deferred.

Sinopec has started building LNG tanks as part of the second phase of its Tianjin LNG terminal project.

The Port of Gothenburg has released a statement claiming that the coronavirus pandemic could accelerate digitalisation in the shipping industry.

PGNiG has sold its first two LNG truck cargoes from the reloading station in Klaipeda.

Thomas Liles, Rystad Energy, Norway, takes a detailed look at the current state of the Canadian LNG market and where it is headed.

Total has signed a pioneering agreement to charter its first two LNG-powered very large crude carriers (VLCCs).