LNG Shipping

According to Oil Search, the current low LNG spot prices will have no impact on a long-term contract arbitration being held between Osaka Gas and the PNG LNG project.

Australia’s Ichthys LNG project is offering a cargo for loading in mid-September.

Höegh LNG has released interim results for the quarter and half ended 30 June 2019.

Norway’s Equinor and Russia’s Gazprom have lost market share as a result of the LNG import surge that has occurred over the past 10 months.

Large volumes of LNG exports from Argentina are far from being reality due to production not meeting demand, says GlobalData.

Oil Search has warned that if talks between Total SA and the government of Papua New Guinea continue beyond August, costs for a plan to double gas exports from the country could rise.

Flex LNG Ltd. has released its interim financial information for 2Q19.

According to Reuters, low LNG spot prices are having little impact in Asian markets, while the European import market has seen a significant boost.

The Scottish Government has announced that it has reached an agreement with administrators to take the Ferguson Marine shipyard in Port Glasgow into public control.

China’s Shenzhen Gas is due to launch its first fully-owned LNG import terminal in southern China.

According to Reuters, Asian spot prices for LNG have remained at a steady level this week, amid hot weather in Japan leading to purchasing activity, while a new US project is expected to load its first cargo soon.

ExxonMobil Asia Pacific has signed a charter agreement with Singapore’s Sinanju Tankers Holdings Pte Ltd. for a two-year lease of Singapore’s first LNG-fuelled bunker tanker.

Meyer Werft has held a steel cutting ceremony for the next AIDA LNG cruise ship.

Amidst ‘record-breaking’ production, the US government is showing an appetite to develop industrial dialogue with Africa on LNG.

BP has published its FOB MSA template for LNG transactions.