The LNG terminal to be built at the Finnish Port of Hamina by the technology group Wärtsilä under a turnkey contract has reached financial close and received the necessary building permits.
Demand for natural gas will top other fossil fuels in the long term on the back of rising number of electric vehicles and as new emission standards could see new vessels adopting alternative fuels.
Japanese city gas supplier Osaka Gas says its subsidiary has won consulting work for LNG terminals planned by Taiwan’s state-owned CPC Corp and Taiwan Power Co.
The US Commodity Futures Trading Commission issued a report assessing the market impacts due to the US transitioning from being a net importer to a net exporter of LNG in 2016.