LNG Shipping

A bright future is forecast for the LNG industry, as long-term gas demand drives major investment in global LNG facilities.

Chris Holmes, Purvin & Gertz, describes the impact of the Great East Japan earthquake on the LNG supply to Europe.

Hyundai Heavy Industries, the world’s biggest shipbuilder, has clinched a US$ 500 million order to build the world’s first two new LNG FSRU for Hoegh LNG.

Qatargas has delivered its first ever LNG cargo to Thailand. The cargo was delivered to the Map Ta Phut LNG terminal by the LNG carrier Golar Viking.

Hyundai Heavy Industries has won a US$ 600 million order to build two 155,000 m3 LNG carriers, and has another order from Rowan Companies for two drillships worth US$ 1.12 billion.

Stena Bulk has bought three LNG tankers from the Taiwan-based shipping company TMT for a total of US$ 700 million.

API CEo Jack Gerard addressed an LA audience on the central role of the energy industry in the economy of California and the US as a whole.

Jurong Shipyard has secured a S$ 20 million contract from Golar LNG Energy to convert the LNG Khannur to an FSRU.

Armelle Lecarpentier, Cedigaz, France, explores recent developments and trends in natural gas markets across the globe.

The latest EIC Monitor tracking new active and future projects across the global energy industry shows positive signs of growth across all sectors this quarter (Q1:January – March 2011), with the total number of new project announcements up 29% on the previous quarter.

Qatargas is to supply additional 4 million tonnes of LNG, equivalent to sixty plus conventional LNG cargos to Japan to help it meet its energy needs.

South Korea's Daewoo Shipbuilding & Marine Engineering believes that the problems Japan has been experiencing with its nuclear reactors in the wake of the recent tsunami could lead to a further surge in orders for LNG ships.

The Joint Industry Project (JIP), which was initiated by DNV during Singapore Maritime Week in 2010, mobilised a consortium of 16 participants from all parts of the LNG value chain. The project has investigated the potential for LNG in South East Asia.

After the devastating earthquake that struck Japan last week, neighbouring countries are now diverting LNG cargos to help meet the country’s energy needs and keep the lights on.

The long-term outlook for the global LNG shipping industry is positive overall, and the global maritime industry is demanding the construction of increasingly large vessels to serve its requirements.