The project aims to construct three 174,000 cubic meter LNG carriers at Hudong-Zhonghua, with delivery scheduled for 2028.

This marks a significant regulatory milestone for the project, which includes the addition of two liquefaction trains capable of producing up to 13 million tonnes per annum (mtpa) of liquefied natural gas (LNG).

An Australian union alliance has called off strikes at Chevron's two major liquefied natural gas (LNG) projects in the country, marking a resolution to disputes that posed a threat to around 7% of global LNG supplies.

This growth rate is higher than forecasts made by other analysts and can be attributed to several key factors.

A new analysis by Climate Action Tracker reveals that, although the UK is getting close, no country is making sufficient progress towards transitioning from fossil fuels to renewable energy sources.

The affected facilities, Wheatstone and Gorgon, are responsible for approximately 7% of the world's LNG supply.

The deal also includes associated gas supply to Commonwealth LNG's facility in Cameron, Louisiana.

This achievement underscores the growing importance of China as a key market for Russian energy resources, particularly in light of ongoing sanctions related to Russia's actions in Ukraine.

Despite the fault and ongoing strikes by workers, scheduled LNG deliveries remained unaffected.

As part of the transaction, BW Offshore has entered into a bareboat charter with STAC to ensure uninterrupted operations for the client during a transition period of up to two months.