LNG Shipping

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.

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’.

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.

Four LNG tankers en route to North Asia have been diverted due to the Coronavirus outbreak in China.

The keel of Wasaline’s new LNG-fuelled ferry was recently laid at Rauma shipyard in Finland.

According to Reuters, Qatari energy companies are actively engaged in accommodating both rescheduling and re-routing requests on some deliveries of Qatari oil and gas cargoes to China after the coronavirus outbreak.

According to Reuters, US Energy Secretary Dan Brouillette has said that US companies are interested in expanding Portugal’s deepwater port of Sines, due to its strategic position to receive US LNG exports.

Nigeria LNG has agreed a 10 year LNG supply deal with Galp Trading SA.

Rystad Energy is expecting LNG trading between the US and China to remain low, despite also predicting that tariffs on trade between the two countries will be removed in the near future.

After the signing of a trade deal between Washington and Beijing, Gazprom is hopeful that China will purchase the majority of US-produced LNG cargoes, not Europe.