LNG

PETRONAS has announced that its subsidiary, PETRONAS LNG Ltd, has signed a 12-year time charter party with Kawasaki Kisen Kaisha Ltd for two mid-sized newbuild LNG vessels.

The European Investment Bank has announced that it has signed a €41.75 million loan agreement with the Municipality of Ystad, Sweden, to support the upgrade of the town’s port to accommodate LNG vessels.

According to Reuters, Royal Dutch Shell has temporarily brought a halt to cargo liftings from the Prelude floating LNG unit.

New Fortress Energy LLC has signed a 25-year power purchase agreement with two Nicaraguan electricity distribution companies.

ALP Maritime Services has been selected by a joint venture between TechnipFMC and JGC to provide towage services for the CORAL SOUTH floating LNG project.

LOC Group has announced that it has been awarded a contract by LNG Canada to provide marine warranty surveyor services and vessel quality assurance for the project.

According to Reuters, the Sakhalin 2 LNG plant in Russia has sold an LNG cargo to Mitsui for loading on 16 March.

According to Reuters, three industry sources claim that Gail (India) has purchased an LNG cargo for delivery this month.

According to Reuters, PTT – the state-owned Thai energy company – is currently seeking one or two LNG cargoes for delivery over February to March.

Declining Chinese LNG demand, due to the Coronavirus epidemic, has led to Asian spot prices falling to new lows.

GasLog Ltd. recently held a milestone steel cutting ceremony for one of its latest LNG newbuilds at Samsung Heavy Industries.

Møkster Shipping AS has been awarded a new contract by Equinor Energy AS for its dual-fuel platform supply vessel (PSV), ‘Stril Pioner’.

Exmar has released a financing update, including details regarding the delay of a loan payment for its 'Tango FLNG' unit.

Nauticor and Fassmer have begun a new period of cooperation in LNG newbuilding and retrofitting projects with the initial LNG bunkering of the newbuild research vessel ‘Atair’.

Meyer Werft has floated out its 50th cruise ship, the 'Iona', which is being built by the shipyard on behalf of UK-based P&O Cruises.