FLNG accelerates in Africa, Canada hits LNG milestone, and 2030 ship slots fill up fast

Welcome back to LNG4U — your look at how the LNG market is shifting and taking shape.
We begin with an insight to keep you ahead of the curve 🎓, then walk through the developments making a real difference — from market direction 💰 to offshore momentum 🚢.
Let’s jump in.

🎓 LNGKnowledge

The cargo containment for a Moss type LNG ship is built 👉 separately and then welded to the hull .

The welding process is critical 🚫 since the cargo tank is connected and hung at the equator level 🎯 where all the tank and cargo weight is supported.

Source : LNG shipping knowledge

💰 LNGPrices

Freight rates / 174,000 m3 / 2 Stroke

Atlantic - (Spark30S)	$ 130,000 / day
Pacific - (Spark25S)	$ 87,500 / day

Natural Gas

Asia (JKM) - Jan 25	$ 10.488 / mmBtu
Europe (NWM) - Jan 25	$ 8.665 / mmBtu

Bunkers

$/MT	LNG	VLSFO	MGO
Singapore	670.17	441.00	671.00
Rotterdam	609.23	404.00	647.00

🏭 LNGTerminals

Italy’s oil and gas giant Eni has kicked off the second phase of its liquefied natural gas (LNG) project ahead of schedule 🚀 off the coast of Congo, Africa.

The launch of Congo LNG Phase 2 enables the FLNG Nguya to join the FLNG Tango ⚓, which has been deployed at the project since late 2023.

The Eni-operated Congo LNG project is envisioned to exploit the gas resources of the Marine XII project 💭 with the installation of two FLNG units at the Nenè and Litchendjili fields.

Source: Eni

Dapeng Princess has successfully and safely transferred approx. 73,000 m3 of LNG 💧 to the FSU CNTIC VPOWER ENERGY moored at Yangon.

After five days alongside the FSU ⚓, the "Dapeng Princess" departed having completed the cargo transfer operation.

Source: CLSICO

Japan’s JGC Holdings Corporation and its joint venture (JV) partner, Fluor Corporation, have wrapped up their work on the second train at a liquefied natural gas (LNG) export terminal 🏭 in Kitimat, Canada’s British Columbia.

This is said to mark the completion of the first phase of Canada’s first large-scale LNG project in Kitimat 🥇.

Train 1 and 2 are now operational on Canada’s west coast, with the project’s greenhouse gas (GHG) intensity estimated to be about 60% below the global average 📉.

Source: LNG Canada

🚢 LNGShips

A joint venture company comprising NYK, Kawasaki Kisen Kaisha, MISC Berhad, and China LNG Shipping (Holdings) Limited held a naming ceremony for two new liquefied natural gas (LNG) carriers for QatarEnergy, Named Sharq and Shra’ouh 🚢, built at HD Hyundai Heavy Industries, (HHI) in Ulsan, South Korea 🏗

These two 174,000-cubic meter (cbm) LNG vessels will be the seventh and eighth of 1️⃣2️⃣ new LNG carriers ordered by the joint venture company for QatarEnergy, the world’s largest LNG providers.

The newbuilding vessels are equipped with X-DF 2.1 iCER 🏭, which will contribute to the reduction of GHG emissions and realize the ease of environmental impact by lower fuel consumption in operation.

Source: K-Line

Russian energy giant Gazprom has shipped a cargo from its sanctioned Portovaya LNG terminal 🏭 to China on board a shadow fleet LNG carrier.

The sanctioned 170,567-cbm LNG carrier Valera (ex-Velikiy Novgorod, built 2014) arrived at PipeChina’s Beihai LNG terminal on Monday ⚓.

Source: Vessel Finder

‘Dark Fleet’ LNG Carrier Forced to Turn Back as Early Winter Ice Blocks Access to Arctic LNG 2 ❌.

The Arc4-class Buran attempted four times since December 2 🚫 to push south into Ob Bay to reach the Arctic LNG 2 terminal , alternately following closely behind two nuclear icebreakers 🚢 working to open a path through the ice.

The events underscore mounting winter constraints on the Northern Sea Route and the project’s acute shortage of powerful Arc7 carriers 🔴.

Source: GCaptain

🏗 LNGShipbuilding

HD Hyundai Group has confirmed it has won an order 🤝 to build an LNG carrier, beefing up its massive orderbook.

The 💰250m contract contributes 5.24% to the South Korean shipbuilding group’s overall sales.

HD Hyundai Heavy Industries has hauled in nine 9️⃣ LNG carrier orders this year

Source: HD Hyundai Heavy Industries

ClassNK has issued an approval in principle (AiP) for a spray form insulation system of IMO Type B tank 🎯 for LNG and ammonia fuel developed by Nihon Shipyard and Hankuk Carbon.

ClassNK conducted its safety review which incorporates the IGC Code, and IGF Code 📘.

Traditionally, IMO Type C tanks have been the mainstream choice for LNG-fuelled ships due to their advantages in productivity and cost 🥇. Meanwhile, for the large-capacity fuel tanks required on large container ships and ammonia-fuelled vessels, IMO Type B tanks are gaining recognition as an alternative 🤝, offering superior cargo efficiency and outfitting flexibility.

Source: Ticon

Companies looking to order LNG newbuildings next year are likely to be faced with offers for delivery dates in 2030 🚨, as enquiry for vessels ticks up with the expectation of firm contracts being inked 🚀.

Interest in LNG newbuildings has risen over the past three to four months 📈, both for fleet expansion projects and for replacing older tonnage.

Source: Maritime executive

Samsung Heavy Industries (SHI) has inked Memorandum of Understanding (MoU) 🤝 with Conrad Shipyard in Louisiana to jointly explore opportunities in the expanding US LNG bunkering market 💧.

Under the agreement Conrad Shipyard and SHI plan to work together on the design, construction, and deployment of LNG bunkering vessels 🚢 tailored for US regulatory and operational requirements.

Source: Maritime executive

Finland’s marine engineering player Deltamarin has secured multiple approvals in principle (AiPs) 🤝 from DNV and Lloyd’s Register (LR) for its next-generation vessel designs that come with a range of innovative concepts.

The first AiP, granted by DNV, is for an LNG bunkering vessel with a tank capacity of 20,000 cubic meters 💧, designed to supply large-scale LNG to a variety of large vessels. As a key part of future LNG bunkering infrastructure.

Source: Deltamarin

🤝 LNGContracts

SEFE Securing Energy for Europe has signed a ten-year agreement to supply LNG to 🤝 Türkiye’s BOTAŞ, with deliveries scheduled to begin in the fourth quarter of 2028 📅.

This long-term contract builds on the three-year deal concluded earlier this year, through which SEFE is providing over 1.5 million tonnes of LNG in total 💧.

Under the new agreement, SEFE will deliver approximately five 5️⃣ million tonnes of LNG over the next decade

Source: SEFE

Eni has entered into a long-term LNG sales agreement 🤝 with Thailand’s Gulf Development Company.

Under the transaction, Eni agrees to sell 0.8 million tons per annum (MTPA) of LNG 💧 for 10 years to Gulf, one of Thailand's largest private power producers.

The LNG will be delivered at regasification terminals located in the country starting from 2027 📅. This contract follows a 2-year deal signed by the two corporations in 2024, for the supply of approximately 0.5MTPA of LNG starting in 2025.

Source: Tri-Gen

Eni has signed its first long-term LNG sales agreement with 🤝 Turkey’s state-owned pipeline and gas company BOTAS, securing a decade of deliveries starting in 2028 📅 as the Italian energy major continues to expand its global LNG portfolio

The deal commits Eni to supply roughly 0.4 million tonnes per annum of LNG 💧 to BOTAS for 10 years from 2028.

Source: Eni

Macquarie Energy LLC has signed a definitive agreement to buy 0.5 million metric tons 💧 per annum (MMtpa) of liquefied natural gas (LNG) for 20 years from Glenfarne Group LLC's Texas LNG project.

This agreement, along with the three previously announced Texas LNG offtake agreements, brings Texas LNG one step closer to a final investment decision 💵.

Source: Texas LNG

JERA has signed its first long-term liquefied natural gas export deal 🤝 with India's Torrent Power to deliver 4️⃣ LNG cargoes annually for 10 years from 2027.

Torrent Power will use the LNG, to be supplied on a delivered basis, for its 2,730 megawatt (MW) ⚡ capacity of power plants in India.

Source: Yuji Murakami

💧 LNGBunkering

Avenir LNG has scored 💰128m in financing deal for a pair of newbuildings.

The deal involves both pre-delivery and post-delivery financing 🏗 for the pair of LNG bunker vessels.

Avenir owns five LNG bunker vessels and has four on order 🚢.

Source: Avenir LNG

Axpo and GNV (MSC Group), supported by the Maritime Authority of Genoa, have completed Italy's first ship-to-ship bio-LNG bunkering operation 🥇 at the Port of Genoa

The ship-to-ship bunkering operation involved the refuelling of new state-of-the-art ferry GNV Virgo, the first Italian long-distance ro-pax vessel powered by 500 cubic metres (cbm) of bioLNG 💧 to be used on a regular route.

Source: Axpo

🔥 LNGAsFuel

Alternative fuelling figures for November slow as newbuilding market booms 📉. LNG was the only fuel chosen during quiet month 🥇.

Just 10 alternative-fuelled newbuildings were ordered in November, six container ships and four tankers — were all LNG dual-fuel 💧.

The figure is a drop back from the 27 vessels 📉 — the bulk of them LNG dual-fuel — contracted in November 2024.

Source: Gasum

China’s shipbuilding player Hengli Heavy Industries has received a newbuilding order for 12 vessels 🤝 with Singapore-based Eastern Pacific Shipping (EPS), including two liquefied natural gas (LNG) dual-fuel 💧 Suezmax tankers of 157,000 DWT

This contract, estimated to be worth between 💰1.1 and 💰1.6 billion, will enable Eastern Pacific Shipping to expand its fleet with 12 newbuilds. These vessels are scheduled to be delivered from the second half of 2027 through 2028 🎊.

Source: Guangzhou Shipyard International

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📺 LNGAds

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