LNG producers turn to risk taking
Producers of LNG have made their lives difficult with oversupply.
Producers of LNG have made their lives difficult with oversupply.
Asian spot LNG prices climbed higher this week, albeit from low levels, as tight production supported a market undergoing fundamental changes.
TMC Compressors has been awarded a contract by DSME to supply a marine compressed air system for a newbuild 134 000 m3 FSRU.
Shawcor Ltd’s pipe coating division has won a contract to provide internal lining and three layer polyethylene anti-corrosion pipeline coatings for Thailand’s fifth transmission pipeline project.
JERA Co. Inc. has announced that it has entered into a Memorandum of Understanding with Dubai Supply Authority regarding cooperation in the LNG industry.
Alpha Process Controls has announced that its Cryogenic Emergency Release Collar Couplings for small scale LNG transfers are on show at the Gastech exhibition and conference in Tokyo, Japan.
Through its subsidiary HiLoad LNG AS, Sevan Marine ASA has entered into a cooperation agreement with Fluor Corp. for global projects that use HiLoad’s floating regasification dock LNG technology.
Wärtsilä Corp. has announced that it has been selected to provide equipment and maintenance services for Höegh LNG’s FSRU and LNG carrier vessels.
AG&P has introduced two new standardised modular products for the LNG supply network that will enable last-mile delivery to LNG demand centers across Southeast Asia, South Asia and the Caribbean.
Woodside Petroleum has hinted it may in future be willing to allow buyers of LNG more flexibility as part of long-term contracts.
ABB has announced that it will provide a power and electric propulsion system for a new FSRU for BW Group, which will also be remotely connected to ABB’s Collaborative Operations Centers.
India has not ruled out the possibility of joining China, Japan and Korea to jointly buy LNG as part of efforts to extract better deals.
The US is on track to become one of the biggest exporters of LNG, joining the ranks of Australia and Qatar in LNG shipping.
The European gas market may receive a helping hand from the American shale revolution as fuel is poised to replenish depleted inventories.
Thailand is signing new contracts for LNG purchases and expanding terminals to boost imports to replace flagging domestic production.