Asia LNG news

With new US tariffs imposed on Asian countries and geopolitical tensions in the Middle East threatening LNG trade flows, S&P Global Commodity Insights brings you a round-up of the latest developments impacting Asia's LNG markets.

Nakilat has launched the first financing package with the Export-Import Bank of Korea for 25 conventional Korean-built LNG vessels that will be fully owned and operated by Nakilat.

An analysis of market and government data by Reuters shows the Philippines is on track for an annual decline in coal-fired electricity output for the first time in nearly two decades, driven by rising LNG-fired power generation.

Sallaum Lines has announced the successful early delivery of the MV Ocean Breeze, a next-generation LNG dual-fuel pure car and truck carrier built by Fujian Mawei Shipbuilding in China.

PETRONAS LNG Sdn. Bhd. has signed a heads of agreement with SMJ Energy Sdn. Bhd to formalise the terms for a 25% equity participation in PFLNG 3 Sdn. Bhd.

Woodside Energy has signed a non-binding memorandum of understanding with Hyundai Engineering and Hyundai Glovis, establishing a strategic framework to collaborate on LNG project development, engineering services, and shipping logistics.

GTT has announced the signing of a joint development project with seven major players in the maritime industry to design a next-generation LNG carrier.

Excelerate Energy has announced the on-schedule launching of its newbuild FSRU from the HD Hyundai Heavy Industries shipyard in South Korea.

The Marine Department has announced the launch of the Green Maritime Fuel Bunkering Incentive Scheme to facilitate the development of Hong Kong into a high-quality green maritime fuel bunkering centre.

Venture Global, Inc. has announced the execution of a new 20-year sales and purchase agreement with PETRONAS LNG Ltd.