DSME leading LNG carrier sets up new research center for new shipbuilding technologies. Daewoo Shipbuilding and Marine Engineering is one of the largest LNG carrier builders. They set up an alliance between universities from over the whole world (USA, Scotland & south Korea) together with leading maritime classification societies. Source: LNG JournalContinue Reading

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...Continue Reading

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...Continue Reading