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.
Read moreDetailsMalaysian 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.
Read moreDetailsDNV 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.
Read moreDetailsHöegh 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.
Read moreDetailsPakistan 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.
Read moreDetailsThe proposed LNG facility in Jacksonville, FL will serve both domestic and international markets. Eagle LNG will receive and liquefy natural gas, temporarily store the produced LNG, and periodically load LNG onto ocean-going vessels for export to countries currently using heavy fuel oil or diesel for power generation, as well as for use in domestic marine fueling.
Read moreDetailsNorway-based CRYO Shipping AS has announced the development of a new type of tanker design which will be able to perform feeding and ship-to-ship (STS) bunkering operations as well in all types of waters using LNG as a fuel.
Read moreDetailsQatar Petroleum, Total, Mitsubishi, ExxonMobil, and Höegh LNG have announced their commitment to advance a liquefied natural gas import project in Pakistan in collaboration with Global Energy Infrastructure Limited.
Read moreDetailsGastech 2017, taking place in April 2017, will bring together some of the most influential players in the gas and LNG industry to further explore emerging markets, the impact of this new regasification capacity on the global market and additional sectors within which the industry can expand into.
Read moreDetailsCentrica and Tokyo Gas Co Ltd will work together to optimise contracted volumes from both Atlantic and Asia-Pacific markets through location swaps.
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