Asia LNG news

Mitsui O.S.K. Lines, Ltd and PT MCS Internasional have established PT McMOL Crewing International, a new joint venture LNG carrier manning company in Indonesia.

Eni has announced a significant gas discovery from the Geng North-1 exploration well drilled in North Ganal PSC, about 85 km off the cost of East Kalimantan in Indonesia.

MET Group has opened its office in the Republic of Singapore.

‘K’ Line has delivered a newly-built W-Max class LNG carrier, 'LAGENDA SETIA', to Hudong-Zhonghua Shipbuilding (Group) Co., Ltd for Petronas LNG Ltd.

MISC Berhad has entered into a new partnership agreement with Nissen Kaiun Co., Ltd for the sale and charter of two of its existing LNG carriers.

Samsung Heavy Industries has plans to integrate a digital twin-based ship management platform on PAN OCEAN’s LNG carrier for demonstration.

Bureau Veritas and Hanwha Ocean have announced a joint development project on the structural assessment of independent LNG fuel tanks for ultra large ships.

Bureau Veritas offered its approval in principle for CSSC Hudong Zhonghua’s largest ever LNG carrier design with a capacity of 271 000 cbm, at Gastech 2023.

Asian LNG buyers are navigating a near-term market that is so finely balanced that any supply disruptions or demand upsides could cause significant price volatility according to Mangesh Dilip Patankar, Vice President, APAC Gas and LNG Consulting at Wood Mackenzie.

The U.S. Energy Information Administration estimates that global LNG import capacity is set to expand by 16% by the end of 2024 compared with 2022.