An average of 49.0 billion ft3/d of LNG was traded globally during 2021, an increase of 2.2 billion ft3/d from 2020, according to The LNG Industry GIIGNL Annual Report 2022.
Shell has signed separate non-binding Memorandums of Understanding with its long-standing LNG buyers Tokyo Gas and Osaka Gas.
The LNG bunkering vessel, which is planned to be completed in March 2024, will become the first to operate in West Japan.
ClassNK has issued an approval in principle for a methane oxidation catalyst designed for LNG-fuelled engines.
Rystad Energy’s Senior Gas Markets Analyst, Kaushal Ramesh, discusses gas market price levels, global demand, as well as the uncertainty caused by the new Omicron variant.
NYK Line, Itochu Enex, Kyushu Electric Power Company, and Saibu Gas are to discuss the commercialisation of a new business to supply LNG as a marine fuel to ships in western Japan.
The country plans to lower the targeted share of LNG in its power generation mix in 2030 to 20% from 27%.
Gavin Thompson, Vice Chair, Wood Mackenzie Asia Pacific spoke to Xueke Wang from the company’s Asia Pacific Gas Research team to find out more about China’s surging LNG market.