Gas Market Wrap

Novatek completes fleet building for its Arctic LNG 2 project, by signing long-term charter deals for six Arc7 ice-class LNG tankers with MOL and Sovcomflot.

Vietnam strucks $3 billion deal with Bechtel, GE and McDermott for its LNG-to-power terminal expected to start in 2024.

India Energy Forum: $206 billion investments expected into India’s oil and gas sector in the next 8-10 years, out of which $67 billion would go to gas infrastructure.

US extends LNG export licences up to 2050 for Sabine Pass, Corpus Christi and Sempra’s Port Arthur project.

France’s GTT signs megadeal with Russian shipbuilder Zvezda to design tanks for ten ARC7 ice-breaking LNG carriers.

Equinor’s fire-hit SnohvitLNG terminal set to remain offline until October 2021 with repairs taking more time then previously expected.

Japan and Korea are next to announce carbon neutrality by 2050: what implications for gas in the medium-term?

Prices:

Charters: 110k/day