Asian spot liquefied natural gas prices hit their highest level since end-December 2022 as an escalation of the conflict in the Middle East, high European gas prices and strong demand ahead of winter increased competition for the limited supply.The average…
Italian engineering contractor Saipem and consortium partner Jan De Nul have signed a letter of intent with ExxonMobil Mozambique for the Rovuma LNG Phase 1 development in Mozambique.The agreement, signed on behalf of Mozambique Rovuma Venture, covers preliminary engineering, procurement…
The Scottish ferry Glen Sannox was billed as an environmentally-friendly LNG powered alternative when it was first ordered in 2014, and the builder and the operator invested heavily in bringing its LNG fuel system online, a factor in the vessel's years-long…
There are 900 LNG-capable merchant vessels in operation outside the LNG carrier fleet, according to DNV, and another 650 are on order for delivery through 2030.
Arctic LNG 2, a liquefied natural gas project led by Russia's Novatek, is seeking about $1 billion in damages from South Korean shipbuilder Hanwha Ocean over cancelled tanker construction contracts, according to a disclosure by Hanwha.Arctic LNG 2, which is…
Polish energy firm Orlen and the Port of Gdynia Authority have signed an agreement to evaluate the use of liquefied natural gas (LNG) and bio-LNG as vessel fuels.
