zoomImage courtesy of Vitol Commodity trading company Vitol and ENH, the National Oil Company of Mozambique have launched a joint venture commodity trading company focusing on LNG. ENH Energy Trading will initially be owned 51 percent by ENH and 49 percent by Vitol, with ENH’s share expected to increase over
Image courtesy of GTT/Roland Mouron Membrane technology of French liquefied natural gas containment system specialist GTT has been chosen for the tank design for six very large ethane carriers (VLEC) which would be built by the Korean shipyards Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI). GTT said on
Signing ceremony; Image courtesy of ABS and Samsung Heavy Industries American Bureau of Shipping (ABS) and Samsung Heavy Industries (SHI) will collaborate on a next-generation LNG carrier in a joint development project. ABS said on Tuesday that, under the agreement, SHI would deliver the concept and basic design for a
Image courtesy of McDermott McDermott International said that its Chinese joint venture Qingdao McDermott Wuchuan Offshore Engineering has been awarded the Arctic LNG 2 modules fabrication job. The joint venture has been awarded a contract to provide three modules for the LNG export project led by Russia’s Novatek. The contact
Image courtesy of Furetank Sweden-based Furetank has kicked off the construction of its 17,999 dwt dual-fuel product tanker at Avic Dingheng Shipbuilding. The company informed in a brief statement through its social media channels that it has cut the steel for the seventh vessel in the Vinga series. Ordered in
Image courtesy of Freeport LNG U.S. LNG export terminal developer Freeport LNG and Redwood Markets have launched a virtual private storefront for selling liquefied natural gas (LNG) cargoes inside the Redwood Marketplace. The Redwood Marketplace is an online commodity trading platform that enables buyers and sellers of physical LNG to
Image courtesy of Cheniere Houston-based LNG player Cheniere Energy has signed a long-term liquefied natural gas supply deal with its compatriot oil and gas exploration and production company EOG Resources. Under the agreements signed through two of Cheniere’s units, EOG agreed to sell natural gas to Cheniere over a period
Illustration purposes only (Image courtesy of Exmar) Belgium’s Exmar, the Nicolas Saverys-led shipowner, has formed a joint venture with Anglo-Eastern Univan Group that will focus on the third-party LNG ship management segment. The joint venture named AEX LNG Management, will be based in Singapore provide newbuilding supervision and vessel management