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LNG
In 2019 Qatar was the largest LNG exporter with a volume of 107billion cubic meters, closely followed by Australia (104 million cm) and USA (47 mCM). The largest world’s importer of LNG is Japan, the country imported 105.5 billion cubic meters. Next largest importer is China with 84.8 billion cubic meters. source: Statista
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Chevron believes in gas as a transition fuel versus wind or solar. Chevron has multiple liquefaction projects in Australia and Africa. And is one of the biggest LNG exporters and operator of liquefaction projects in those countries. The sharelholders voted in favour of a non-binding resolution calling on the company to reduces emissions generated by...
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Shell increased its production in 2020 to 360 million Tonnes. Despite the global GDP lost several trillion dollars because large and small economies struggled by the COVID-19 outbreak. Still the two largest countries by population, India and China, saw an increase of 11% in their LNG import. By 2040 global LNG demand is expected to...
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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 Journal
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Qatar is moving forward with it’s production capacity since LNG prices are rising to high prices. May 2020 when spot price was at all time low ($2/MMBtu) hence the oversupply. On January 11th 2021 LNG spotprice banked at $28.22/MMBtu, hence an extreme cold in south asia which increased demand highly. Source : SPG global
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Timor-Leste, or East Timor, a Southeast Asian nation occupying half the island of Timor, is ringed by coral reefs teeming with marine life.  The parliament of Timor-Leste voted in favor Tuesday of ratifying a maritime boundary treaty with Australia that governs how the two countries will share billions of dollars of oil and gas riches...
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Economical activities in many isolated communities or islands are limited to fishing and small-scale agriculture. While many of these islands have more opportunities, which cannot be exploited due to lack of electricity during the day. Many of these island’s pristine beaches are also attractive for tourism but the potential cannot be developed for lack of...
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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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