The LNG industry in review: 2018/19
Evangelos Dimopoulos, Senior LNG Analyst, Braemar ACM Shipbroking, provides comments on the LNG industry 2018/19.
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Tightening LNG market sets the scene for a major shortfall
LNG buyers’ willingness to commit to new long-term contracts has increased significantly during 2018 amid expectations of a tighter LNG market.
Wood Mackenzie predicts major LNG buyers’ uncontracted demand will quadruple by 2030
Wood Mackenzie has released a statement claiming that its latest research reveals that uncontracted demand by the world’s seven biggest LNG buyers could quadruple to 80 million tpy by 2030.
Out of the clear blue sky
Maurizio Ciofini, Baker Hughes, a GE company, Italy, presents a new turbine for the LNG industry that has a background in the aviation industry.
BP announces FID for Phase 1 of Greater Tortue Ahmeyim LNG development
BP has announced that the final investment decision (FID) for Phase 1 of the Greater Tortue Ahmeyim development has been agreed.
German regulator states that LNG connection line must be built by project company
According to Reuters, Germany’s network regulator has stated that a line to connect a planned LNG terminal in Brunsbuettel to the larger gas grid must be constructed by the project company as opposed to the gas grid operator.
HAM opens the first LNG station in Extremadura
HAM has opened the first gas station in the Autonomous Community of Extremadura capable of fuelling vehicles with LNG.
ExxonMobil shelves Canadian LNG project
According to Reuters, Exxon Mobil Corp. has decided to shelve its LNG export project in Canada.
US DOE changes LNG export destination reporting requirement
The US Department of Energy has announced that it is discontinuing its practice of including an ‘end use’ reporting provision in orders authorising the export of domestically produced natural gas; including LNG.
Höegh LNG to provide FSRU for AGL’s Crib Point LNG project
Höegh LNG Holdings Ltd has entered into a time charter party with AGL Shipping Pty Ltd for the provision of a floating storage and regasification unit to facilitate its proposed gas import jetty project.
LNG Limited does not extend Meridian agreement
LNG Limited and Meridian LNG Holdings Corp. have mutually agreed not to extend the deadline for satisfaction of the conditions precedent to their liquefaction tolling agreement.
HAVI and Scania introduce more gas-fuelled trucks in McDonald’s supply chain
Scania has announced that, alongside HAVI, it is responding to growing consumer demands for more sustainable transportation operations.
SHI receives order for LNG carrier
Samsung Heavy Industries has announced that it has received an order for a new LNG carrier.
Woodside and RWE sign agreement for mid-term LNG supply
Woodside has signed an agreement with RWE for the mid-term supply of LNG from 4Q20 until December 2022.
Magnolia LNG EPC contract extended
LNG Limited has extended the validity period of its current binding EPC contract with KSJV for Magnolia LNG.