According to GlobalData, the US is due to contribute 40% of global newbuild, small scale LNG liquefaction capacity additions by 2023.
Japan’s Mitsui & Co. has plans to expand its iron ore and LNG assets, despite indications that the global economy is slowing.
FESCO and Chinese logistics companies have agreed to develop intermodal transportation of LNG in tank containers from the Russian Far East to China.
According to Reuters, in July, Japan imported its first LNG cargo from China since 1988, as utilities seek new suppliers and try to reduce costs amid tough domestic competition.
Asia will reportedly lead the global LNG regasification industry in capacity growth from newbuild projects by 2023, says GlobalData.
According to Reuters, low LNG spot prices are having little impact in Asian markets, while the European import market has seen a significant boost.
Tank Storage Asia 2019 has released a statement announcing that the most prominent challenges, developments and solutions in the Asian bulk liquid storage industry have been announced as the focus of the event.