LNG

Asian spot LNG prices rose to their highest since mid-February this week.

Prices for LNG spot cargoes for Japan hit a five-month high in August.

The Japan Bank for International Cooperation has announced that it has signed a memorandum of understanding with Gazprom.

Baker Hughes has announced a major subsea contract from Petrobel for phase two of the supergiant Zohr Gas Field.

According to Reuters, India has renegotiated the price of LNG from the Gorgon project in Australia, in order to make it more affordable for price-sensitive domestic customers.

BC Ferries has announced that the Spirit of British Columbia has been removed from service to undergo a mid-life upgrade, which will include converting the vessel to operate on LNG.

The Dow Jones Sustainability Index has been ranking companies who have distinguished themselves for excellent sustainability performance since 1999.

King & Spalding has released a statement claiming that it represented Mitsui O.S.K. Lines on its agreements with Swan LNG for an LNG terminal to be developed in Gujarat, India.

BCCK Holding Company has appointed Kevin J. Blount as vice president of corporate development.

Wärtsilä has announced that it will supply the cargo handling system and cargo tanks for a new 3000 m3 capacity LNG bunker barge.

Wood Group has announced that it has signed a new five-year contract with INPEX Operations Australia Pty Ltd to provide subsea engineering services for the integrity of the Ichthys LNG project.

NextDecade Corp. has announced that Patrick Hughes has been appointed Vice President, Corporate Strategy.

Santos and its Gladstone LNG joint venture partners will supply 30 PJ of gas to customers including power companies on the country’s east coast over the next two years.

Gazprom has also clarified certain provisions in the memorandum of understanding it signed with the JBIC last year.

Carnival Corp. & plc has announced that it has commenced construction of the world’s first fully LNG-powered cruise ship.