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.
Sea Jade Investment Ltd, a joint venture company formed between China City Gas, Fortune Clean Energy, and Wah Kwong Maritime Transport Holdings Ltd, have signed a newbuilding contract with Dalian Shipbuilding Industry Offshore Co Ltd for two LNG carriers.
ADNOC Gas plc has announced a five-year LNG supply agreement with Japan Petroleum Exploration Co., Ltd.
Himalaya Shipping has announced that two of its ships, Mount Norefjell and Mount Matterhorn, have bunkered with LNG in Singapore.
Anegasaki Thermal Power Station New Unit 3, which JERA Co., Inc. has been replacing through its subsidiary, JERA Power Anegasaki G.K., has begun commercial operation.
Maersk and Hong Lam Marine Pte Ltd have successfully conducted Singapore’s first bio-LNG bunkering operation at the Raffles Reserved Anchorage.
HD Hyundai is working with Hyundai LNG Shipping to validate eco-friendly and digital ship technology.
PetroVietnam GAS has announced a movement to help complete the operations and maintenance for Cuu Long, Nam Con Son 2, and PM3 Ca Mau pipelines, and the commissioning of its LNG value chain.
The emergence of natural gas, LNG, and hydrogen as key enablers of future energy security and accelerators of the energy transition will be in sharp focus at the Gastech 2023 Leadership Roundtables being held in Singapore from 5 – 8 September 2023.