ExxonMobil, the US-based oil and gas giant, initiated plans to divest its majority share in the terminal as part of its strategic initiative to wind down non-core operations.

The package, initiated by the European Commission in December 2021, aims to promote low-carbon and renewable gases as key contributors to meeting the bloc's 2030 climate goals.

The country is currently undergoing significant development in LNG infrastructure, with around ₩11.3 trillion ($8.7 billion) being invested in projects at various stages of construction or planning.

The project is developed by U.S. energy company NextDecade, with construction led by U.S. firm Bechtel Energy under an engineering, procurement, and construction (EPC) agreement.

Greek shipping companies, Sea Pioneer, Dynacom, and Evalend Shipping, are on a significant buying spree, expanding their fleets with new vessels, including tankers and liquefied natural gas (LNG) carriers.

Pieridae has initiated a process to sell its Goldboro subsidiary, including associated assets, licenses, and permits, as well as 267 acres of undeveloped coastal industrial land in Nova Scotia.

The move is part of the partnership's strategic shift to focus on the growing LNG sector amid the global energy transition.

This development marks a significant milestone for Mexico, as it will be the country's inaugural LNG export facility.

The country's first domestically-produced LNG storage tank, boasting an impressive capacity of 270,000 cubic meters, was officially put into operation on Thursday.

This stoppage, attributed to the impact of the ongoing Gaza conflict, raises concerns about Egypt's ability to resume its exports to Europe.