Top news of the week January 12 – 17, 2015

January 18, 2015

Teekay confirms Magellan Spirit LNG carrier aground off Bonny

Teekay confirmed its fully loaded, 165,600 cbm LNG carrier, Magellan Spirit has run aground 6 miles off Nigeria.

President Obama signs bill promoting LNG export on US-flagged carriers

President Barack Obama signed into law S. 2444, the Howard Coble Coast Guard and Maritime Transportation Act of 2014.

With current oil prices in a slump and LNG pricing likely to remain squeezed for the next few months, further pressure has been heaped on Canadian LNG project investors to move decisively towards Final Investment Decision (FID), or risk losing out completely to their United States rivals.

Shell to start supplying LNG to Egypt in 2015

Shell’s senior executive revealed that the Dutch giant will start supplying Egypt with 1 million metric tons of LNG per year starting in 2015.

J&P-Avax awarded EPC deal for Malta LNG project

J&P-Avax of Greece said it has signed a deal worth €125 million in Malta with Electrogas Malta.

LNG World News Staff