LNG export news

Novatek has released a statement in response to the recent US Department of the Treasury’s OFAC order regarding sanctions against COSCO and its partners.

Sempra LNG has entered into a memorandum of understanding with China Three Gorges Corp. regarding a potential LNG supply deal.

US sanctions on COSCO have hit the LNG tanker industry, as Teekay LNG’s shipping joint venture in Russia has been blocked due to its ties to the company.

Pao Novatek and HMS Group have signed a memorandum on strategic partnership and localising the fabrication of critical equipment for LNG production.

Bangladesh has compiled a shortlist of 17 companies for a spot tender process, as it prepares to purchase 1 million t of LNG next year, capitalising on the current low prices.

UK utility Centrica has agreed a long-term LNG supply deal with Cheniere.

Petronas CEO and President calls for concerted partnerships by industry players in aligning to advocate LNG as the preferred clean source of energy in the long-term.

Japan’s Tokyo Gas is aiming to renegotiate its long-term LNG contracts in favour of greater destination flexibility.

The Chief of the IEA has announced that there have been record investments in LNG this year.

Japan’s industry minister has announced that Japan, along with its private sector firms, will invest US$10 billion in global LNG projects.