Natural gas prices are surging across global markets as tensions around Iran and the Strait of Hormuz raise fears of major disruptions to LNG flows from the Middle East. European and Asian benchmarks have jumped sharply as traders price in the risk of a prolonged supply shock. European gas prices Read more
United European Car Carriers is further expanding its fleet of eco-friendly pure car and truck carriers with the order of two additional multi-fuel battery hybrid newbuilds at China Merchants Jinling Shipyard Nanjing.
US developers signed sale and purchase agreements for 40 million tpy of LNG in 2025 from planned export facilities, according to U.S. Department of Energy and company website data compiled by the U.S. Energy Information Administration.
China Merchants Heavy Industry has contracted TMC Compressors to deliver a complete marine compressed air system for newbuild LNG dual-fuel containerships that are being constructed by the Chinese shipbuilder.
CLPe and CNOOC has completed Hong Kong’s first LNG ship-to-ship bunker operation for a very large crude carrier, Maran Dione.
Venture Global, Inc. and Trafigura have announced the execution of an agreement for the purchase of approximately 0.5 million tpy of US LNG for five years commencing in 2026.
Japan Petroleum Exploration Co., Ltd has decided to withdraw from a project to construct an LNG terminal in the northern part of the Socialist Republic of Vietnam.
The question of nuclear as an alternative fuel for shipping will take centre stage at Posidonia 2026 during a high-level Executive Briefing that will examine the role of advanced nuclear technologies in commercial shipping and near-shore power generation.
ICIS has provided analysis and context on the evolving situation in the Middle East and its impact on energy markets.
Due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City in Qatar, QatarEnergy has ceased production of LNG and associated products.