Daily LNG News: Summary and Analysis for June 10, 2024
Twofold Increase in LNG Vessel Orders Amidst Elevated Newbuilding Prices
The number of LNG newbuild orders in 2024 has reached a record high, doubling the orders from last year. This trend is unfolding against the backdrop of elevated newbuilding prices, reflecting the growing demand and pressure on shipbuilding capacity. The surge in orders underscores the confidence in the growth of the LNG market despite the economic and logistical challenges facing the industry.
Golar LNG Secures Groundbreaking FLNG Deal in Nigeria
Golar LNG has signed a development agreement with the Nigerian National Petroleum Corporation (NNPC) for a floating LNG (FLNG) project. The project is expected to receive final investment decision (FID) in 2024 and commence production in 2027. This agreement marks a significant milestone for the LNG industry in Nigeria, positioning the country as a key player in the global LNG market.
Venture Global LNG and the Calcasieu Pass Controversy
Venture Global LNG, one of the largest LNG exporters in the United States, is facing significant challenges due to contract claims from six customers. Additionally, the U.S. Federal Energy Regulatory Commission (FERC) has ordered the company to provide documents related to the commissioning of its Calcasieu Pass LNG export terminal in Louisiana.
Russia's LNG Exports Up 6.3% from January to May
Russia's LNG exports have increased by 6.3% in the first five months of 2024, reaching 13.6 million metric tons. This growth comes amidst a backdrop of rising global demand and despite the geopolitical tensions affecting energy trade in the region.
Verbio and BayWa AG Promote Bio-LNG
Verbio and BayWa AG have joined forces to promote bio-LNG as a climate-friendly and cost-effective alternative to diesel. This collaboration highlights the growing importance of sustainable energy solutions in the transportation industry.
Job Opportunities in the LNG Industry
LNG Project Engineer - United States
LNG Plant Operations Manager - Qatar
LNG Logistics and Distribution Specialist - Germany
Energy and Environmental Consultant - Mexico
LNG Process Engineer - Nigeria
Energy Market Analyst - Japan
LNG Business Development Manager - Brazil
LNG Plant Maintenance Supervisor - Australia
LNG Ship Design and Construction Engineer - South Korea
LNG Regulatory Compliance Coordinator - United Kingdom
For more details and to apply for these positions, please send a direct message to our LinkedIn page.