Lng Tankers News

Qatar Pens 27-year Deal with China as LNG Competition Heats Up

Nov 21, 2022

QatarEnergy has signed a 27-year deal to supply China's Sinopec with liquefied natural gas (LNG), the longest such LNG agreement so far as volatile markets drive buyers to seek long-term deals. Following Russia's invasion of Ukraine in February, competition for LNG has become intense, with Europe in particular needing vast amounts to help replace Russian pipeline gas that used to make up almost 40% of the continent's imports…

Australia's First LNG Import Terminal Seen Ready by Late-2023

Mar 22, 2022

Squadron Energy, the private company building Australia's first LNG import terminal, expects its Port Kembla facility in New South Wales to be ready to take its first gas shipment by the end of 2023, its commercial director said on Tuesday.Squadron Energy…

Singapore LNG Scouts for Spot Cargoes as Electricity Futures Surge

Oct 13, 2021

Singapore LNG Corp is making inquiries about buying LNG cargoes from the spot market, a rare move for the operator of the city-state's liquefied natural gas (LNG) terminal, industry sources said on Wednesday.The inquiries come on the back of…

LNG Primed for Strong Growth on Asian Demand

Jun 11, 2021

Liquefied natural gas (LNG) prices are poised for more gains as gas-hungry China guzzles cargoes to feed a rebound in economic growth while the easing of coronavirus-induced restrictions restores industrial demand in India.Higher oil and coal…

LNG Tankers Diverted from India Ports as Surging COVID-19 Cases Hit Demand

May 03, 2021

Liquefied natural gas (LNG) cargoes are being diverted away from ports in India as surging coronavirus cases there hamper domestic gas demand, trade and shipping sources said on Monday.Six LNG tankers diverted away from India since April 20…

LNG Shipping Market Primed for Growth

Mar 05, 2021

Liquefied natural gas (LNG) ships are set to receive an earnings boost from restocking demand after colder conditions drove a scramble for supplies and record high freight rates, a top LNG tanker player said.A cold snap in Europe and Asia in…

Avenir Allegiance LNG Bunkering Vessel Launched in China

Jan 28, 2021

Avenir LNG on Thursday announced the launch of the Avenir Allegiance, dubbed the world’s largest dual-purpose, LNG supply and bunkering vessel, built by CIMC Sinopacific Offshore & Engineering Co. (CIMC SOE).The vessel was launched at 7 am on January 27th…

Asian Gas Prices, LNG Shipping Costs Soar on Freezing Temperatures

Jan 13, 2021

Freezing temperatures across Asia and Europe are driving liquefied natural gas (LNG) prices to record highs and pushing up the cost of shipping the fuel globally as buyers grapple with tight inventories and a shortage of tankers.Demand for super…