LNG

Nigeria LNG and Total have signed a 10 year, 1.5 million tpy LNG agreement.

TMC has been awarded a contract by Hyundai Heavy Industries to deliver its air lubrication system compressors to seven LNG carriers the shipbuilder is constructing for Capital Gas Corp.

Annova LNG has announced that it has signed a precedent agreement with Valley Crossing Pipeline, LLC, providing transportation for Annova LNG’s total natural gas requirements at its 6.5 million tpy LNG facility in Brownsville, Texas.

Stabilis Energy, Inc. has announced the expansion of its domestic LNG sales team by hiring Forrest Marsh as Western Region Sales Director.

Asian LNG spot prices have fallen to a new multi-year low, with at least one cargo selling for less than US$4 per million Btu.

Buckeye Partners L.P. has announced that the IFM Global Infrastructure Fund has contributed its 57.6% equity interest in Freeport LNG Development L.P.’s Train 2 into Buckeye.

Asian LNG sellers, such as Osaka Gas, are seeking alternative markets as the global LNG market hits multi-year lows.

PAO NOVATEK has announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed a comprehensive reserve appraisal of the company’s hydrocarbon reserves as of 31 December 2019.

McDermott International, Inc. has announced that it has the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitise nearly all its funded debt.

MAN Cryo has signed a contract to supply the LNG fuel gas supply systems to Wallenius SOL, in connection with the construction of two RoRo newbuildings in China at the Yantai Raffles shipyard.

Sinopec is set to review the terms of a potential US$16 billion LNG supply deal with Cheniere Energy.

The Bontang LNG plant, in Indonesia, is offering three LNG cargoes for loading between February and April.

probunkers has announced that it has agreed terms with Hyundai Mipo Dockyard for the construction of two 7600 m3 LNG bunker vessels, signing a letter of intent with the yard.

Wärtsilä has announced that it is launching its new LNG Bunkering & Supply System simulator at the Global LNG Bunkering Summit 2020 conference, which will be held in Amsterdam, the Netherlands, from 28 to 30 January.

Cryopeak LNG Solutions Corp. has announced that it has developed the first-ever ‘Super B-train’ LNG hauling trailer to optimise small scale LNG transportation in Canada.