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Day

March 28, 2019
Cameron Dunn, Arup, USA, describes how smaller, prefabricated tanks could help island nations and remote regions transition to cleaner, cheaper and more secure energy. Around the world, countries have used LNG to help cut their carbon emissions and transition to a renewable-energy future. Yet many communities, such as island nations or remote cities, have been...
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Data released by Japan’s Ministry of Economy, Trade and Industry (METI) has shown that the average contract price for spot LNG cargoes delivered to Japan in February this year fell to its lowest level since September 2017. Reportedly, the average cost for shipped cargoes last month was US$7.50/million Btu. Spot prices for LNG LNG-AS in...
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Qatar (77.2mn tonnes) Qatar exports over 77mn tonnes for LNG annually, more than Malaysia and Australia combined, with 29.9% of the market share globally. Qatargas currently operates 14 LNG trains, helping make the country the largest LNG producer in the world Australia (44.3mn tonnes) Australia currently exports 44.3mn tonnes of LNG per year, but this...
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Global demand for natural gas is forecast to increase at an average 1.6% over the next 5 years with emerging Asian markets as the main engine for demand. China alone accounts for a third of global demand growth to 2022 thanks in part to the country’s “Blue Skies” policy and the strong drive to improve...
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In a report of Reuters it is mentioned that Asian LNG spot prices have fallen to their lowest level in the last 3 years. This is a direct result of additional supply of LNG entering the market from Egypt and Australia. Prices have dropped by 25 cents to US$5,45 per million Btu. This is the...
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