LNG

Scandinavian Biogas has signed a multi-year agreement worth approximately SEK 300 million for the supply of bio-LNG to the Nordic transport sector.

The transfer of ownership is expected to occur in December 2024.

China is set to register the highest LNG regasification capacity additions in Asia between 2022 –2026, accounting for a share of roughly 34% of the region’s total capacity additions by 2026.

NYK has announced that the joint-venture companies that NYK is a part of have signed a long-term time-charter contract with QatarEnergy for five LNG carriers.

DNV has launched a Shanghai-based Gas Carrier and Alternative Fuels Expert Team to support key stakeholders amid strong growth in two thriving markets in China: large gas carriers and alternative-fuel new buildings.

Crowley and JAXPORT have been awarded a federal grant to support a US$14.6 million project to reduce emissions and add electric-power equipment at Crowley’s terminal.

The vessels are scheduled to be delivered in 2025.

Pursuant to the agreement, ConocoPhillips will have an effective net participating interest of 6.25% in the NFS project out of a 25% interest available for international partners.

India is set to register the second highest LNG regasification capacity additions in Asia between 2022 and 2026, accounting for approximately 21% of the region’s total capacity additions by 2026.

Woodside Energy and the Japan Bank for International Cooperation have signed a memorandum of understanding aimed at securing a stable supply of energy for Japan and to assist in achieving its decarbonisation goals.

In February 2023, Svanehøj Tank Control Systems will deliver tank gauging systems to COOEC for six LNG tanks at the Longkou Nanshan LNG Terminal.

TGE Marine has received an order from Nantong CIMC Sinopacific Offshore & Engineering Co. Ltd for the design and supply of the cargo handling and fuel gas systems for three LNG bunker vessels.

Intercontinental Exchange, Inc. has announced plans to launch two LNG futures contracts for North-West Europe and South-West Europe.

Affiliates of QatarEnergy and ExxonMobil have agreed to independently offtake and market their respective proportionate equity shares of LNG produced by the Golden Pass LNG Export Project, USA.

An LNG terminal has started operating in HaminaKotka, the largest port in Finland, in which Alexela has made the largest direct investment in history from Estonia to Finland.