LNG Shipping

LNG Ltd. and Delta Offshore Energy have signed a non-binding MOU for the delivery of US LNG from Magnolia LNG to the Bac Lieu Project in Vietnam.

India is seeking to renegotiate the price of its long-term LNG contracts with Qatar.

Asian LNG spot prices have dropped to their lowest level in more than 10 years, due to a mild winter impacting on demand.

Exmar has released its latest floating LNG (FLNG) and very large gas carrier (VLGC) financing update.

In only the second STS LNG bunkering operation to take place in Germany, Nauticor’s ‘Kairos’ has supplied DEME’s next generation offshore installation vessel ‘Orion’.

Saudi Aramco’s trading arm, Aramco Trading Co., has sold an LNG cargo to South Korea’s S-Oil Corp.

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.

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.

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

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.

MSC Cruises and Chantiers de l’Atlantique have signed firm contracts for the construction of third and fourth LNG-powered MSC World Class ships.

According Reuters, there is unlikely to be a surge in Chinese demand for US LNG while tariffs remain in place, despite the signing of a new energy purchasing agreement.

Freeport LNG second liquefaction train has commenced commercial operations.