Tag: LNG market

Despite LNG carriers accounting for a mere 1.45% of the total cargo fleet, the overall value of LNG sale and purchase transactions accounted for nearly 12% of all cargo transactions that took place in 2022, up from 3% in 2021, according to VesselsValue data as of February 2023.

Europe’s increased need for liquefied natural gas (LNG) looks set to intensify competition with Asia for limited new supply available over the next two years and may dominate LNG trade over the longer term, according to Shell’s LNG Outlook 2023.

Trelleborg’s marine and infrastructure operation has launched a new research report which reveals the latest trends in LNG fueling.

The LNG major in the United States, Cheniere Energy is about to provide its LNG customers with greenhouse gas emissions data linked with each LNG cargo produced at the Company’s Sabine Pass and Corpus Christi liquefaction facilities.

The world’s largest dual-purpose, LNG supply and bunkering vessel 'Avenir Allegiance' was launched at Zhoushan Changhong International Shipyard Co. Ltd., China, on 27 January. 

Shrinking Arctic ice made this year’s navigation season for LNG tankers the longest on record, benefiting LNG trade, but acting as the latest sign of a deteriorating climate change. 

The US Coast Guard (USCG) issued a proposed amendment to its regulations concerning waterfront facilities handling liquefied natural gas (LNG) and liquefied hazardous gas (LHG). 

The Energy Information Administration reported that the US liquefied natural gas exports have dropped considerably in the week ending June 10 in comparison to the week before.

Amid the coronavirus outbreak that continues to expand, the slowdown in global oil and gas consumption this year will hit suppliers who will see average prices fall below previous expectations, says Rystad Energy. Meanwhile, coronavirus and LNG oversupply are expected to lead to low gas prices. 

Oil major, Shell, launched its LNG Outlook for 2020, presenting the trends of 2019 concerning the liquefied natural gas demand and growth, highlighting that the year that passed was a record-year of LNG supply growth.