Topic
lng
Logistics NYK invests in MidOcean Energy to expand LNG footprint via Mitsubishi joint venture
Nippon Yusen Kaisha (NYK) will invest in UK-based LNG company MidOcean Energy through Mitsubishi-created Diamond Gas MidOcean Limited, expected to become a jointly owned company. The deal includes a strategic partnership in LNG marine transportation, completing between August and September 2026.
Logistics Vafias-backed Stealth Maritime Orders Two More MR Tankers from HD Hyundai, Extending $1.3bn South Korea Newbuilding Drive
Harry Vafias-backed Stealth Maritime has ordered two additional 50,000 dwt MR product tankers at HD Hyundai Heavy Industries for $53m each, extending a South Korean newbuilding drive valued at around $1.3bn. The company now has at least 15 tankers under construction at South Korean yards across MR, LR2, suezmax and VLCC segments, with deliveries stretching through 2030.
Commodities China pulls ahead of Europe in green shipping fuels with faster project execution
China has three operational green shipping fuel plants producing 10 times the combined output of six European sites, according to Transport & Environment. Europe has 69 projects but 80% have not reached final investment decisions. Chinese shipowners are already securing large supply deals with Chinese producers like Goldwind and China Energy Engineering Corporation.
Logistics GTT Projects 550 New LNG Carriers Needed by 2035, Signaling Fleet Expansion
GTT expects around 550 LNG carriers to be ordered between 2026 and 2035, adding to the current record orderbook of 338 ships. The forecast is driven by 37m tonnes per annum of new liquefaction capacity reaching FID this year and a projected 5% annual LNG demand growth, primarily from Asia. Shipyard capacity is expanding to meet demand, with Korean and Chinese yards expected to exceed 100 annual slots by 2028.
Commodities Allseas Wins Canadian LNG Pipeline Installation Deal for Ksi Lisims Project
Swiss marine contractor Allseas has been awarded a contract by Western LNG to install the subsea section of the Prince Rupert Gas Transmission pipeline in British Columbia. The ~50 km pipeline will connect Canadian natural gas to the planned Ksi Lisims LNG export facility on Pearse Island, with offshore installation set for 2029 using vessels Solitaire and Sandpiper.
Logistics UK Trade Body Urges Government to Approve Rosebank and Jackdaw Energy Projects
Offshore Energies UK (OEUK) has urged the UK government to approve the Rosebank and Jackdaw offshore energy projects, arguing delays threaten domestic supply and investor confidence. The combined £10.8bn projects could deliver 10% of UK gas and oil output, supporting thousands of jobs. OEUK warns that reliance on imports increases carbon footprint by up to four times.
Logistics Asyad Brings Omani Investors Into LNG Carrier Pair, Retains Majority Control
Asyad Shipping has sold 20% stakes in the companies owning two new LNG carriers – Muscat LNG and Musandam LNG – to Omani investors. Oman LNG Development Foundation Investment Fund and Mars Development and Investment each acquired 10%, while Asyad retains 80% and operational control. The 174,000 cbm vessels were built by HD Hyundai Samho and are on long-term charter to Oman LNG.
Commodities India's Strategic Reserves Strategy: Crude Oil, LPG, and LNG for Energy Security
India is strengthening its energy security with strategic reserves for crude oil, LPG, and LNG. Current SPR capacity is 5.33 MMT (9.5 days of consumption), with plans to expand to 11.88 MMT. Experts advocate a three-tier policy: large physical crude reserves, distributed LPG reserves, and virtual LNG reserves to cover 90 days of consumption.
Trade EU Grants Dynagas 12-Month Reprieve in Latest Russia Sanctions Package
The European Union has added 41 vessels to its shadow fleet blacklist while granting Greek shipowner Dynagas a temporary 12-month reprieve from restrictions on carrying Russian LNG to non-EU countries. The exemption limits volumes to 2025 levels and is part of the EU's 21st sanctions package.
Commodities Government says household PNG prices remain stable despite higher LNG prices and West Asia crisis
The Indian government has stated that household piped natural gas (PNG) prices have been kept stable and affordable despite higher global liquefied natural gas (LNG) prices triggered by the West Asia crisis. The measures include a capped domestic gas price of USD 7 per MMBtu and allocation of 105% of previous quarter's consumption. The PNG network continues to expand, with over 1.70 crore connections as of May 31, 2026, though a target of 1.2 crore new households by March 2027 was not explicitly confirmed.
Logistics ABL Wins Papua New Guinea FSO Support Contract for Santos Subsidiary
ABL, a marine and energy consultancy, has won a contract from Santos subsidiary Oil Search Limited to provide marine warranty survey services for a new FSO facility in Papua New Guinea. The FSO, the country's first offshore floating facility, will be deployed at the Kumul Marine Terminal as part of the Kutubu Pipeline System. ABL's scope covers equipment supply and installation across India, Indonesia, the UK, and Papua New Guinea, with work expected to run through 2028.
Logistics Titan Wind Energy enters tanker building with order for two crude oil tankers
Titan Wind Energy, a Chinese renewable energy equipment manufacturer, has entered the tanker building sector with an order for two firm 113,800 dwt crude oil tankers, with options for two more. The deal is valued at CNY1.874 billion ($257.8 million) if all options are exercised, with deliveries scheduled for 2028-2029. The order marks the company's first move into mainstream tanker construction, adding to China's growing shipbuilding capacity.
Commodities India Signed 8.4 mtpa of Long-Term LNG Contracts in 2025, Leading Global Buyer: GIIGNL
India was the most active buyer of long-term LNG contracts in 2025, signing 8.4 million tonnes per annum (mtpa) across six entities, according to the International Group of Liquefied Natural Gas Importers (GIIGNL). The global LNG contracting market saw 83 long-term sale purchase agreements (SPAs) totaling 71.6 mtpa, nearly double the 47 SPAs in 2024. The report also highlighted risks from the West Asia conflict, including an attack on Qatar’s Ras Laffan terminal and reliance on the Strait of Hormuz.
Commodities India overtakes Spain to become world's fourth-largest LNG regasification market with 52.5 mtpa capacity
India's LNG regasification capacity reached 52.5 million tonnes per annum (mtpa) in 2025, making it the fourth-largest market globally after Japan, China, and South Korea, according to the International Gas Union (IGU) World LNG 2026 report. Utilisation declined to 47% due to weaker summer imports and new capacity additions. The report also highlights the resilience of the global LNG market amid Middle East conflict and strong long-term demand drivers.
Logistics Exmar Sells Five LPG Carriers in $35M Profit Deal, Reduces Tonnage Amid Newbuilding Program
Belgian gas shipowner Exmar has agreed to sell five LPG carriers, including three midsize and two fully pressurised vessels, in a deal expected to generate a $35 million profit. The sale reduces Exmar's active capacity as the company takes delivery of new ammonia dual-fuel midsize gas carriers, impacting global LPG shipping supply.
Logistics Wärtsilä signs five-year lifecycle contract for Turquoise P FSRU in Turkey
Technology group Wärtsilä has signed a five-year lifecycle agreement with Ireland-based Pardus Energy to support the Turquoise P FSRU at the ETKI LNG terminal in Turkey. The contract includes dedicated management, maintenance planning, and spare parts to improve operational readiness and prepare for major overhauls.
Logistics Splash Singapore: Christoph Toepfer Warns of Recurring Hormuz Disruption for Tanker Industry
Christoph Toepfer, CEO of Borealis Maritime, warns the tanker industry to prepare for recurring Strait of Hormuz disruption rather than one-off events. Speaking at the upcoming Splash Singapore conference, he highlights impacts on charter rates, insurance premiums, and rerouting via the Cape of Good Hope, urging investment in supply chain resilience and AI-driven logistics tools.
Logistics Suriname FPSO GranMorgu to Test First-of-Its-Kind Kite-Assisted Towing Across Pacific
A joint venture of SBM Offshore, Technip Energies and TotalEnergies has agreed with Beyond the Sea to trial a kite-assisted towing system on the GranMorgu FPSO for Suriname. The technology, used for the first time on an FPSO, aims to reduce fuel consumption and towing duration during the vessel's voyage from China to Suriname. If successful, it could open a new decarbonization pathway for large-scale maritime towing.
Trade Oil, LNG, Fertilisers and Diamonds at Risk from Iran's Wider Blockade Threat Beyond Strait of Hormuz
Iran's Islamic Revolutionary Guard Corps (IRGC) has warned it could expand efforts to disrupt regional trade beyond the Strait of Hormuz, threatening oil, LNG, fertilisers and diamond supply chains. The Strait carries nearly 20 million barrels per day of crude and petroleum products, and over 90% of Qatar and UAE's LNG exports. Diamonds routed through India and UAE for cutting and polishing face disruption, along with petrochemicals and food shipments.
Logistics Hormuz crisis reaches final form: double tolls, dual routes, and paralysis for shipping
The Strait of Hormuz has become the world's first double-tolled chokepoint after the US announced a 20% levy on all cargo transiting the strait, while Iran continues collecting fees from 'friendly' vessels. The dual pricing, along with two rival traffic routes and two irreconcilable geopolitical worldviews, is creating paralysis across ocean freight, especially for oil and LNG tankers. P&I clubs, charterers and traders have no precedent to price the risk.
Logistics Ciner Group's VLAC Investment Surpasses $1 Billion with Three New Orders at HD Hyundai
Turkish industrial conglomerate Ciner Group has ordered three additional very large ammonia carriers (VLACs) from HD Hyundai, bringing its total investment in the segment past $1 billion. The $363 million contract for 90,000 cbm LPG dual-fuel ships follows a $717 million order for six VLACs in May 2026. Ciner now has nine ammonia carriers on order at HD Hyundai Samho, with deliveries extending into 2030, amid a sharp rebound in large gas carrier contracting.
Logistics Strait of Hormuz Ship Traffic Plunges After US-Iran Strikes on Tankers
Traffic through the Strait of Hormuz fell steeply to 23 ships on Wednesday 8 July, down from 47 a week earlier, after attacks on three tankers and renewed US-Iran strikes. The drop follows a fragile peace deal signed 17 June that had temporarily boosted crossings to 72 ships. Iran insists only its approved northern route is safe, while the US recommends a southern Omani corridor. Logistics operators face heightened risk, potential delays, and rerouting decisions.
Logistics ADNOC L&S orders four LNG carriers worth $900m from Jiangnan Shipyard in fleet expansion
ADNOC Logistics & Services has ordered four 175,000 cubic meter LNG carriers from Jiangnan Shipyard in a deal worth approximately $900 million. The vessels, delivered in 2029, expand ADNOC L&S’s LNG newbuilding programme to 18 ships, reinforcing its role in long-term LNG supply chains.
Logistics Strait of Hormuz Near Standstill, Ukraine Strikes, Evergreen Raided, ZIM Sale Faces Hurdles
The Strait of Hormuz saw a near standstill after US strikes on Iran, with three vessels attacked. Ukraine escalated attacks on Russian shipping. Evergreen Marine was raided in Taiwan. The ZIM sale to Hapag-Lloyd faces political opposition. The Panama Canal will reduce neopanamax draught limits.
Logistics CONCOR and GAIL Sign 15-Year Deal for LNG Dispensing Station at Ahmedabad ICD
CONCOR and GAIL have signed a 15-year agreement to establish an LNG dispensing station at CONCOR's Inland Container Depot in Khodiyar, Ahmedabad. GAIL will operate the station while CONCOR provides land and utility connectivity, and commits to deploying 15 LNG-powered commercial vehicles in the first year. The round-the-clock facility will serve CONCOR's fleet and other commercial vehicles.
Commodities India Lifts Emergency Natural Gas Curbs After Strait of Hormuz LNG Shipments Resume
The Indian Ministry of Petroleum and Natural Gas has withdrawn emergency provisions under the Natural Gas (Supply Regulation) Order, 2026, which had allowed prioritised allocation of domestic gas and imported LNG. The curbs were imposed in March 2026 following disruptions to LNG shipments via the Strait of Hormuz. Their removal follows a ceasefire in the West Asia conflict that has restored LNG flows through the strategic waterway.
Commodities India's strategic gas storage: LNG buffer mandate for terminals in the works - what it means
India is planning to require LNG terminal operators to create additional storage capacity as a strategic gas reserve, allowing cost recovery through higher regasification charges. The move follows supply disruptions through the Strait of Hormuz during the Iran conflict. Separately, India is diversifying LPG imports, with the US emerging as the largest supplier, and oil marketing companies are asked to prepare a roadmap for a 30-day strategic LPG reserve.
Logistics Projectile strike near Strait of Hormuz tests fragile recovery of commercial shipping
A tanker was struck by an unknown projectile near the Strait of Hormuz on Monday, testing the fragile recovery of commercial shipping following last month's US-Iran ceasefire. The incident occurred near the US-coordinated southern transit corridor off Oman, and authorities continue to warn of a 'substantial' maritime security threat. Meanwhile, bulk carriers carrying sulphur face severe corrosion risks from prolonged delays.
Commodities Global LNG trade hit record in 2025, but Middle East conflict clouds outlook, IGU says
Global LNG trade hit a record 436.98 million metric tons in 2025, up 6.3% year-on-year, driven by US exports and European imports, according to the International Gas Union. However, the IGU warned that conflict in the Middle East could lead to a contraction in 2026 due to damaged infrastructure and uncertainty for Asian buyers.
Commodities Centre Approves ₹3,400 Crore Expansion of IndianOil's Ennore LNG Terminal to 10 MTPA
The Union Ministry of Environment, Forest and Climate Change (MoEFCC) has granted environmental clearance for the ₹3,400-crore expansion of IndianOil LNG Pvt Ltd's Ennore LNG terminal in North Chennai, doubling regasification capacity from 5 MTPA to 10 MTPA. The expansion, driven by rising natural gas demand in the region, will increase regasification capacity from 20 MMSCMD to 40 MMSCMD, supplying RLNG to industries across Tamil Nadu, Andhra Pradesh and Karnataka. Completion is expected in 54 months and supports India's goal of raising natural gas's share in the energy mix to 15% by 2030.
Logistics BW LNG orders 174,000 cbm FSRU newbuild at HD Hyundai for Indonesia project
BW LNG has been identified as the contractor for a new 174,000 cbm floating storage and regasification unit (FSRU) at HD Hyundai Heavy Industries in South Korea, costing roughly $320m for delivery in Q2 2029. The vessel will support a joint venture with PT AKR Corporindo to develop an LNG FSRU project for the JIIPE Gresik Special Economic Zone in East Java, Indonesia, with commercial operations targeted for Q3 2029.
Logistics Indonesian Owners Give Older LNG Carriers a Second Life Amid Sliding Values
Indonesian owners have bought six large LNG carriers in 2026, half of which were laid up, as vessel values continue a four-year decline. Sillo Maritime Perdana and Soechi Lines each purchased a 158,000 cu m MISC vessel for about $65m, while Buana Lautan Line bought a 138,000 cu m steam turbine carrier for $14.9m. The reactivation of idle tonnage affects LNG shipping supply, while one older vessel is being scrapped.
Commodities India lifts gas supply restrictions as LNG flow through Strait of Hormuz resumes
The Indian government has withdrawn its March 2026 order regulating natural gas supply, allowing normal LNG imports to resume as Strait of Hormuz reopens after a ceasefire. The emergency measures had prioritised supply for domestic PNG and CNG while reducing fertiliser sector allocations. India, the fourth-largest LNG importer, sources 41.4% of its LNG from Qatar.
Logistics Tsakos Energy Navigation Orders Second LNG Carrier from HD Hyundai, Expanding Newbuilding Program to 20 Vessels
Tsakos Energy Navigation (TEN) has ordered a second LNG carrier from HD Hyundai Heavy Industries, scheduled for delivery in the first quarter of 2029. The order expands TEN's newbuilding program to 20 vessels, including LNG carriers, tankers, and shuttle tankers. The company's pro forma fleet now stands at 83 vessels with over 11 million dwt capacity.
Commodities India and Japan to Sign LNG Security Pact Amid Global Supply Disruptions
India and Japan are set to sign an agreement to strengthen LNG supply security during the annual summit between PM Modi and PM Takaichi. The pact includes a joint task force for stockpiling and information-sharing, amid ongoing global supply chain disruptions.
Commodities Pakistan Backtracks on Energy Gamble, Buys Emergency LNG as Qatar Exports Stay in Limbo
Pakistan has reversed its strategy of staying out of the spot LNG market, issuing an urgent tender for a cargo from BP Plc at $16.74/MMBtu — above Asia spot levels — as Qatar's LNG exports through the Strait of Hormuz effectively halt following attacks on vessels. The purchase follows a previously cancelled Qatari shipment that forced Pakistan to pay $19.13/MMBtu, the highest since 2022. The energy crunch is feeding into broader economic pressure, with CPI rising 11.7% in May.
Logistics Machine Guns on Russian LNG Carrier in the Baltic Raise Security Alarms for Shipping
The Russian LNG carrier Marshal Vasilevskiy was photographed in May with two 12.7 mm Kord heavy machine guns mounted on its bridge as it transited the Baltic Sea, according to an OCCRP investigation. At least 22 individuals with military or security service backgrounds were identified aboard, raising concerns about the militarisation of commercial shipping and its implications for maritime security and sanctions enforcement.
Logistics HMM Secures Bareboat Charter for Two Gas Carrier Newbuilds with Swiss Commodity Trader Mercuria
South Korean shipping major HMM has secured bareboat charter contracts with a shipping unit of Swiss commodities trader Mercuria for two 90,000 cu m gas carriers. The seven-year charters, worth KRW311.8bn ($202m), are scheduled to start in July 2029 with options to extend. The vessels are part of HMM's recently disclosed 10-ship newbuilding programme aimed at expanding beyond container shipping.
Commodities West Asia oil and LNG loadings continue despite Strait of Hormuz attacks and renewed strikes
West Asian oil and LNG producers continue loading cargoes despite renewed ship attacks in the Strait of Hormuz and tit-for-tat strikes between the US and Iran. Brent crude fell 10.6% last week but rose Monday after weekend hostilities. Iran accelerated loadings after a US sanctions waiver, while Saudi Arabia, UAE, and Qatar maintained exports.
Logistics Strait of Hormuz traffic surges then halts after attack, evacuation paused
Ship traffic through the Strait of Hormuz surged to a three-month high on Wednesday after the US lifted sanctions on Iranian oil, but dropped sharply on Friday following an attack in the Gulf of Oman that halted an IMO evacuation operation for 11,000 stranded seafarers. The surge saw 73 vessels transit on Wednesday, but traffic fell by half after Iran warned ships to avoid the Omani coast. Major global carriers have not returned, and the IMO plans to reconfirm safety guarantees before resuming evacuations.
Logistics Modec to Supply Turret Mooring System for Mozambique’s Coral Norte FLNG Project
Modec has secured a contract to provide a SOFEC internal turret mooring system for the Coral Norte FLNG project offshore Mozambique. Developed by Eni and its partners, the project achieved FID in October 2025 and hull launch in January 2026, with first LNG expected in 2028. The system is critical for safe operations in the Rovuma Basin.
Logistics Strait of Hormuz Shipping Traffic Surges 48% in One Day as IMO Evacuates 11,000 Stranded Seafarers
Vessel traffic through the Strait of Hormuz surged 48% in a single day, marking the clearest sign yet of a return to commercial normalcy. The IMO is overseeing the evacuation of over 11,000 stranded seafarers, while Iran released crew from the seized containership Epimonidas.
Logistics Poland Advances Plans for Second Floating LNG Terminal at Gdansk Port
Poland is advancing plans for a second floating LNG import terminal (FSRU) at Gdansk, according to Splash247. The proposed unit will complement the country's first Gdansk FSRU project, further strengthening Poland's position as a key LNG gateway into Central and Eastern Europe. The move continues a trend of diversifying supply sources after the sharp reduction in Russian pipeline gas supplies.
Logistics IMO and Oman Orchestrate Phased Reopening of Hormuz as Vessel Transits Rise
The Strait of Hormuz is reopening under a phased evacuation plan coordinated by the IMO and Oman. Vessel transits are rising after the US-Iran agreement, with over 11,000 seafarers still stranded. Allianz estimates $125bn in vessel and cargo value waiting passage, while insurers brace for claims.
Commodities Deadly Ras Laffan Blast Raises Fresh Questions Over Qatar LNG Recovery Pace
An explosion at the Barzan gas facility within Qatar's Ras Laffan complex killed 13 workers and injured 66. QatarEnergy insists LNG exports remain unaffected, but the incident adds uncertainty to the recovery from earlier missile strikes that knocked out two LNG trains. Asian buyers and LNG shipping markets are closely watching for further setbacks.
Commodities As Strait of Hormuz blockade continues, India pivots to US for record LPG and LNG imports in June
India's LPG and LNG imports from the US hit record levels in May 2026 as the Strait of Hormuz blockade disrupts Gulf flows. Provisional June data shows continued reliance on US supply, with LPG imports up 52% year-on-year and LNG up 46%. Analysts expect a gradual reopening from early July, with LPG flows normalizing first.
Don Davis Appointed as New Managing Director of OCIMF from Chevron Shipping
The Oil Companies International Marine Forum (OCIMF) has appointed Don Davis, currently general manager of global marine assurance at Chevron Shipping, as its new managing director effective July 1, 2026. Davis brings over three decades of experience across tanker, barge, marine terminal, and offshore vessel operations, and will advance OCIMF's mission on maritime safety and environmental stewardship.
Commodities Hanwha Ocean signs non-binding MoU for $15.7bn Kanata FLNG project in Canada
Hanwha Ocean has signed a non-binding memorandum of understanding with Kanata Clean Power & Climate Technologies for the proposed Kanata FLNG project in Prince Rupert, British Columbia. The floating LNG export project is expected to have a capacity of up to 12 million tonnes per year with an estimated capital expenditure of about $15.7 billion.
Logistics Qatar LNG Tanker Sails for Hormuz as US-Iran Deal Reopens Critical Waterway
A QatarEnergy-chartered LNG tanker, the Mraikh, is sailing towards the Strait of Hormuz after a US-Iran interim agreement reopened the waterway, marking the first such movement in months. The vessel is expected to dock at Pakistan's Port Qasim, potentially easing the country's gas shortage. Qatar aims to restore most of its LNG export capacity within two months, but vessel availability remains a constraint.
Logistics Three60 Energy Secures Long-Term Project Support Contract with Vår Energi
Three60 Energy has been awarded a long-term project support agreement with Vår Energi. The initial term is four years with options to extend. The contract covers drilling, wells, and subsurface disciplines, contributing to safe and efficient operations.
Logistics UK sanctions four LNG carriers as first direct strike on Russia's shadow fleet
The UK has become the first country to directly sanction Russia's LNG shadow fleet, adding four elderly LNG carriers to a broader package of 27 tankers. The move targets vessels acquired from a Middle Eastern shipowner and now used in Russian LNG trades, with Windward estimating Russia's LNG shadow fleet at around 23 vessels. Compliance teams are advised to monitor ownership changes and trading patterns as Western jurisdictions align ahead of EU measures in 2027.
Logistics Sanctioned Sovcomflot LNG Carrier Completes Earliest Northern Sea Route Transit in Years
Sovcomflot's sanctioned LNG carrier Christophe de Margerie has completed the earliest eastbound Northern Sea Route transit in many years, entering the route at the end of May. The 174,000 cu m vessel carried LNG from Novatek's sanctioned Arctic projects, breaking ice almost a month earlier than previous transits. The voyage highlights Moscow's efforts to maintain Arctic gas flows to Asian buyers despite sanctions.
Logistics Everllence Lands First Order for Next-Gen Methane Dual-Fuel Engine on Car Carriers
Everllence has received the world's first order for its new B&W ME-GI Mk10.7 dual-fuel methane engine. The engines will power four 8,600 CEU car carriers being built for Norwegian owner Global Car Carriers (GCC), with manufacturing by CSSC Engine in Qingdao and installation at China Merchants Jinling Shipyard in Nanjing. The engine promises high fuel efficiency, operational flexibility, and negligible methane slip.
Logistics UK Forces Seize Russian Shadow Fleet Tanker in English Channel, Prompting Calls to Arm Vessels
British forces conducted their first-ever seizure of a Russian shadow fleet tanker, the Smyrtos, in the English Channel, arresting an Indian seafarer on suspicion of sanctions offences. The operation has caused other sanctioned tankers to alter course away from the Channel. In response, Russian Senator Dmitry Rogozin suggested equipping shadow fleet tankers with explosives as a deterrent.
Commodities U.S. Approves $5B Offshore LNG Export Platform Amid Historic Regulatory Mileston
Federal regulators have approved the first-ever offshore LNG export terminal, a $5 billion project by Delfin Midstream. The platform, located 40 miles off Louisiana, will eventually export 1.8 billion cubic feet per day. Other stories include Amazon's LTL expansion, countervailing duties on Chinese and Mexican trailers, and a 30% surge in cargo theft.
Commodities U.S. Approves First LNG Production Ship Amid Controversy
The U.S. has approved its first floating LNG production ship, led by Delfin Midstream, despite controversy over environmental reviews. The project, located off Louisiana, aims to enhance U.S. energy exports.
Logistics Purus Expands LNG Fleet with New Samsung Order
Purus Marine is linked to a new LNG carrier order at Samsung Heavy Industries, expanding its fleet. The $252m contract for a 174,000 cu m vessel is set for delivery in January 2029.
Trade India's Energy Shift: Russian Crude and US LPG/LNG Imports
India continues to import significant amounts of Russian crude oil despite US pressures, while increasing LPG and LNG imports from the US. Geopolitical tensions and economic factors drive these energy trade decisions.
Trade US Invests $1.5B in LNG Infrastructure in India & SE Asia
The US is set to invest $1.5 billion in energy infrastructure, focusing on LNG, in India and Southeast Asia. This move aims to enhance energy security and expand US exports.
Logistics COSCO Expands LNG Fleet with $953m Order at Jiangnan
COSCO Shipping Energy has placed a $953 million order for four LNG carriers at Jiangnan Shipyard, enhancing its LNG fleet. The vessels, scheduled for delivery between 2029 and 2030, are expected to be chartered by Shell.