Papua New Guinea’s Kumul Petroleum Holdings has extended the exclusivity period for the binding conditional offer made to Australian energy company Santos to acquire a 5% interest in PNG LNG for an asset value of $1.4 billion. The offer, which will now remain open until 30 April 2023, is conditional
South Korean shipbuilder Samsung Heavy Industries announced that it has successfully demonstrated its own Boil-off gas Recovery System (BReS), and received a Statement of Fact from the ABS classification society. BReS is a system that recovers boil-off gas that is naturally evaporated in the fuel ta
US liquefied natural gas (LNG) export company Freeport LNG has updated the timing of the initial restart of its liquefaction facility in Texas which has been shut since June. To remind, the facility has been shut down following the explosion incident that occurred on 8 June. At first, the restart of
One of the world’s largest shipbuilders Hyundai Heavy Industries Group has validated the performance of a 1.5MW class LNG/hydrogen hybrid engine (HiMSEN) developed by proprietary technology. The company marked a major milestone last week with the completion of the performance verification of the hyb
Singapore-based tanker owner and operator Hafnia will soon add four new dual-fuel LR2 product tankers to its fleet, two of which are due for delivery at the beginning of 2023. The vessels are currently under construction and the first of them, HAFNIA LANGUEDOC, will be delivered in January 2023, wit
Germany’s Federal Ministry of Economics and Climate Protection (BMWK) has decided to fund the construction of three LNG bunkering ships with a total of around €62 million. The three ships, each with a capacity of 4,500 cubic metres, will be constructed by shipbuilder Flensburger Schiffbau-Gesellscha
TotalEnergies affiliate TotalEnergies LNG Services France (TELSF) is set to launch a campaign in January 2023 to market regasification capacity in its floating storage and regasification unit (FSRU) in Le Havre, France, from September 2023. TELSF said it is working on the installation of a new LNG i
CB Fenton, part of Ultramar (Chile), and Norwegian small-scale LNG sea transport and bunkering vessels developer Kanfer Shipping have signed a Memorandum of Understanding with the aim of establishing a hub for LNG bunkering and small-scale LNG distribution in/out of Panama. The duo is now seeking a
UK-based energy giant BP and the Government of Indonesia have concluded a 20-year extension of the Tangguh production sharing contract (Tangguh PSC), enabling BP to further develop the largest gas-producing field in Indonesia. On 23 December, BP announced that the Indonesian government granted the e
German energy major Uniper has partnered with compatriot public seaports operator Niedersachsen Ports (NPorts) and green hydrogen provider Tree Energy Solutions (TES) for a new large joint import terminal for green gases in Wilhelmshaven. On the sideline of the opening ceremony for the first German
China Merchants Jingling Shipyard (Weihai) has delivered the ninth E-Flexer RoRo vessel, Santona, to its owner Stena RoRo. The online delivery signing ceremony was held on December 22. The dual-fuel LNG-powered ferry has been chartered by Brittany Ferries on a long-term basis. Stena RoRo has an agre
Two European gas trading companies have been fined a total of €4.8 million by the Spanish National Markets and Competition Commission (CNMC) for failing to comply with the LNG unloading programs in Spanish regasification companies. On 22 December, the CNMC informed it had sanctioned RWE Supply & Tra
Italian oil and gas company Eni has launched the second floating liquefied natural gas (FLNG) project in the Republic of Congo to increase production and export. To this end, Eni has signed a contract with Chinese shipyard Wison Heavy Industry for the construction and installation of an FLNG unit wi
Sempra Infrastructure, a subsidiary of North American energy company Sempra, has received authorisation from the U.S. Department of Energy (DOE) to re-export liquefied natural gas (LNG) from two projects in Mexico. On 22 December, Sempra announced that Energía Costa Azul, S. de R.L. de C.V. (ECA LNG
