Image courtesy of Novatek China’s CNPC and CNOOC have both signed share and purchase deals acquiring 10 percent stake each in Novatek’s Arctic LNG 2 project. Both deals are expected to close in the near future following the approvals by regulatory authorities in Russia and China, Novatek said in a
zoomImage courtesy of Höegh LNG Norway-based FSRU provider Höegh LNG said it has signed a 12-year sale and leaseback agreement with China Construction Bank Financial Leasing for its 10th FSRU. Höegh LNG said in a brief statement through its social media channels the deal provides further diversification of its funding
Image courtesy of SHI South Korean shipbuilder Samsung Heavy Industries said it has secured an order for a liquefied natural gas carrier pair. The company informed on Friday that the order for two liquefied natural gas carriers is worth 450 billion South Korean won ($380 million). The company said the
Image courtesy of Kongsberg Kongsberg Maritime will supply a power and propulsion system for Egil Ulvan Rederi’s new LNG-powered multi-purpose cargo vessel. Kongsberg said that the propulsion system featured a Bergen B36:45L6PG gas engine and LNG control and safety system. The propulsion system for the vessel, which is of an
Image courtesy of Novatek Russia’s Novatek, China COSCO Shipping Corporation, Sovcomflot and Silk Road Fund have signed an agreement regarding the Maritime Arctic Transport (MArT) joint venture. According to the agreement, the parties intend to establish a long-term partnership providing for the joint development, financing and implementing year-round logistics arrangements
Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business, has taken delivery of its fifth LNG carrier. Flex LNG said via social media channels on Friday that the Flex Constellation was delivered three weeks ahead of schedule. According to the
zoomImage courtesy of Novatek Novatek, Russia’s largest private gas producer, has signed a series of cooperation deals for the equipment supply and the development of Arctic projects. The company said in separate statements it has signed an agreement of intent with Gazprom Neft to establish a joint venture that would
zoomImage courtesy of Lloyd’s Register Classification society Lloyd’s Register has awarded Hyundai Heavy Industries with an approval in principle (AiP) for a very large crude carrier (VLCC) design. The vessels would be capable of using a combination of volatile organic compounds (VOC) mixed with LNG as fuel and Norsepower’s rotor
zoomImage courtesy of GasLog GasLog and GasLog Partners have decided to assume commercial control of their vessels currently operating in the LNG carrier spot market through The Cool Pool. The Cool Pool is an LNG carrier pooling agreement between GasLog and Golar LNG, focusing exclusively on spot fixtures of up