Tag: LNG market

The US Department of Energy announced that it has approved a long-term application from Eagle LNG Partners Jacksonville II LLC to export liquefied natural gas in a quantity of 0.01 billion cubic feet per day. 

Experts from Braemar LNG Group gave a full audience a short overview relating the technical, commercial and market trends of the often very complex world of LNG shipping, including engineering requirements around containment systems and propulsion options.

Keppel Offshore & Marine has entered into a Heads of Agreement with Pavilion Energy and Indonesia state-owned PT Perusahaan Listrik Negara, to explore opportunities in the development of small-scale LNG distribution in West Indonesia.

The U.S. Department of Energy (DOE) announced a proposed rule that will speed up the approval of small-scale exports of natural gas, including liquefied natural gas (LNG), from U.S. export facilities.

Petronas , which has more than two decades of strategic partnerships in India, is enhancing its business strategy to strengthen and expand its presence in the world’s fastest-growing economy, said its President and Group CEO, Datuk Wan Zulkiflee Wan Ariffin.

In recent years, the increase in LNG cargoes hitting the market has led to an oversupply problem, causing a significant decline in LNG spot prices and heavily impacting the LNG carrier market, resulting in appetite for newbuild carriers to dwindle, according to Westwood Global Energy Group.

Malaysian energy company Petronas and its partners announced that they have decided not to proceed with the Pacific NorthWest LNG project at Port Edward in British Columbia, Canada. The decision was made after a review of the project amid changes in market conditions. 

DNV GL's Maritime Trend report foresees that US is going to dominate LNG growth in 2019. US, as "a new kid on the bloc", seems to be introducing new dynamics, such as increased tonne-mile demand, attractive price arbitrage and much more flexible terms of contracts.

Höegh LNG announced the signing of a Memorandum of Understanding with Nakilat, exploring collaboration for Floating Storage and Regasification Unit business.  FSRU is a floating LNG import terminal, enabling countries without LNG terminal infrastructure a better accessibility of clean energy. 

Pakistan projects to empower its position in the global LNG market and anticipates to be included in the top five of the world's top buyers of LNG in the forthcoming years . Country's Petroleum Minister expects imports to show a significant increase due to new LNG terminal build by many private companies.