LNG - 17 May 2018

Dynagas LNG has announced its financial results for the quarter ended 31 March 2018.

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.

Teekay Corporation has released results for the quarter ended 31 March 2018.

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.

Inpex is expecting to ship its first LNG cargo from the Ichthys project by the end of September.

Chinese gas distributor ENN is seeking a commissioning cargo for the country’s first privately owned LNG import terminal.

Construction on TransCanada Corp’s Coastal GasLink pipeline is due to start in early 2019, pending positive LNG plant FID.

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.