Top news of the week October 5-10, 2015

Update 1: K Line says Al Oraiq in “stable condition” after collision off Belgium

Twelve people were rescued at sea after the Dutch freighter Flinterstar collided with LNG tanker Al Oraiq early Tuesday morning off the coast of Belgium.

Shell CEO: oil price recovery signs emerging

Royal Dutch Shell CEO Ben van Beurden said on Tuesday that signs of an oil price recovery are emerging, but it will take time for the market to rebalance.

MOL agrees to continue FSRU project in Uruguay

Mitsui OSK Lines informed that it has reached an agreement with Gas Sayago of Uruguay to continue working on the country’s floating storage and regasification unit project.

Gasum scraps LNG terminal plan

Gasum said it has decided not to build a regional LNG terminal in Southern Finland and the Balticconnector offshore pipeline.

EWC’s Philippines LNG projects nearing start-up

Energy World Corporation that is developing the first LNG hub in the Philippines revealed that the Sengkang liquefied natural gas project is on track to begin commercial operation within the FY 2015.

LNG World News Staff