The trade of Russian oil for March-loading in Asia has slowed significantly as a growing gap between buyer and seller expectations in China has emerged. This disconnect comes amid rising costs for chartering non-sanctioned tankers following new U.S. sanctions, according to traders and shipping data.
State-owned Petrovietnam Gas has awarded its first-ever term supply tender seeking liquefied natural gas (LNG) to energy major Shell, which will deliver the super-chilled fuel to Vietnam from 2027 to 2031.The five-year supply deal will see Shell deliver about 400,000 metric tons a year of LNG to the Southeast Asian nation, according to a Petrovietnam Gas statement issued late on Tuesday.
Asian spot liquefied natural gas prices started the year steady, as muted regional demand and ample supply kept the market flat following a 34% slump in 2025.The average LNG price for February delivery into Northeast Asia LNG-AS was estimated at $9.60 per million British thermal units (mmBtu), unchanged from the previous week, industry sources said.
The GTT Group announced the appointment of François Michel as Chief Executive Officer, effective January 5, 2026, thereby restoring a dissociated governance structure.This decision was taken unanimously by the Board of Directors of the Group at its meeting held on December 13, 2025.
BIO-UV Group has completed the first commercial deployment of its containerized BIO-SEA ballast water treatment system (BWTS) at Port-la-Nouvelle in southern France, supporting the installation of the pioneering EFGL floating offshore wind project in the Mediterranean.The landmark project
LD Tide, a joint venture between Louis Dreyfus Armateurs and Tidal Transit, has been selected to supply a Crew Transfer Vessel (CTV) for the operation and maintenance services of the 488 MW offshore wind farm, being developed by Ocean Winds in France.The new vessel is scheduled to start operations mid-2025 at the Eoliennes en Mer des Îles d’Yeu et de Noirmoutier (EMYN) offshore wind farm.
The 52-year-old livestock carrier Spiridon II remains in quarantine off Turkey with around 20 crew and 2,853 cows onboard.Having departed from Montevideo (Uruguay) bound for Turkey on September 19 with 2,901 heifers, some of which may be pregnant, the Spiridon II is, over 50 days later, still unable to deliver the animals to shore.
South Korean firms Korea Midland Power Co (KOMIPO), Korea Southern Power Co (KOSPO) and SK subsidiary PRISM Energy International have issued a tender for one liquefied natural gas (LNG) cargo for delivery in June.According to a tender issued by KOMIPO, which is leading the tender process, the buyers are seeking 3-3.
Asian spot liquefied natural gas (LNG) prices remained at a near one-year low this week, as supply disruptions from three export facilities in the region and some buying interest capped losses fuelled by overall weak demand.The average LNG price for June delivery into north-east Asia LNG-AS was at $11.50 per million British thermal units (mmBtu), estimated industry sources, down from $11.
Asian spot liquefied natural gas (LNG) prices remained at their lowest level in nearly six months on Friday as U.S. President Trump's "liberation day" tariffs pulled global markets down amid fears of a global recession.The average LNG price for May delivery into north-east Asia LNG-AS remained unchanged from last week at $13.