Stay up to date with the latest news and updates from the LNG industry.
Eni has signed the main EPC and drilling contracts for the development of the Cronos project.
The Maritime Administration has approved an US$8.2 billion deepwater port license application for ST LNG, LLC.
TotalEnergies’s subsidiary, TotalEnergies EP Nigeria, has completed the divestment of its 10% non-operated interest in the Renaissance JV licenses to Vaaris for an aggregate amount of US$800 million.
Mitsui O.S.K. Lines, Ltd has announced the delivery and entry into service of an LNG dual-fuel coal carrier equipped with a wind-assisted propulsion system, constructed for Kansai Electric Power Co., Inc.
Edison has received a further notice from QatarEnergy indicating the continuation of the force majeure event which prevents the seller from fulfilling its contractual obligations for gas deliveries in Italy.
Norton Rose Fulbright has advised Crédit Agricole Corporate and Investment Bank and a syndicate of international banks on a US$488.5 million JOLCO and bridge-loan financing of two newbuild LNG vessels currently under construction at Samsung Heavy Industries.
SEFE Securing Energy for Europe has entered into a long-term LNG supply agreement with Ksi Lisims LNG for 1 million tpy of LNG on a free-on-board basis for 20 years.
Woodside has signed a sales and purchase agreement with TIMOR GAP to sell its participating interest in the Sunrise Joint Venture, including the titles containing the Greater Sunrise fields, for total consideration of up to US$200 million.
As more buyers turn to the spot market to replace disrupted volumes in light of the Middle East conflict, Rystad Energy estimates that global LNG importers will spend at least US$39 billion more on contracted and spot supplies in 2026, despite purchasing 60.7 million t less.
