U.S. LNG exports

$125 million U.S. loan will help revive Greece’s Elefsina shipyard

The U.S. development finance agency, the Development Finance Corporation (DFC) has signed financing agreement to provide a $125 million loan to ONEX Elefsis Shipyards and Industries (ONEX) to rehabilitate and modernize the Elefsina shipyard (the former Neorion Elefsis) near Athens, Greece.

The Greek government formally approved the transfer of the shipyard, which has been going through bankruptcy restructuring, to ONEX on October 11, subject to final court approval, which came on October 20. The...

https://www.marinelog.com/news/125-million-u-s-loan-will-help-revive-greeces-elefsina-shipyard/

Can U.S. LNG exports meet European demand?

U.S. LNG exports

As the EU seeks to wean itself from dependency on Russian natural gas, U.S. LNG exporters have been major beneficiaries. The U.S. Energy Information Administration (EIA) says that United States became the world’s largest liquefied natural gas (LNG) exporter during the first half of 2022. Most U.S. LNG exports went to the EU and the U.K. during the first five months of this year, accounting for 71%, or 8.2 billion cubic feet per day (Bcf/d), of the total U.S. LNG exports. The U.S. provided 47%...

https://www.marinelog.com/legal-safety/shipping/markets/can-u-s-lng-exports-meet-european-demand/