Royal Dutch Shell Plc, the world's biggest LNG supplier, said this week that it estimates Southeast Asian LNG demand will rise above 50 million tonnes per annum (mtpa) by 2035, up from 10 mtpa currently, Reuters reported.
Australia is on the cusp of becoming the world’s largest LNG exporter. At AOG 2017, the question being asked is whether that will be good for the country?
Royal Dutch Shell, the world's biggest LNG trader following its takeover of BG Group last year, said new LNG customers that will drive demand are looking for shorter and smaller contracts.
Low LNG prices have been a disappointment for producers, but the benefit to consumers opens up new market opportunities.
Meanwhile, Britain will take in its first-ever LNG from Peru later in February as converging prices between the two global benchmarks--the NBP gas trading hub and Asian spot prices--made it more attractive to offload cargoes in Europe, Reuters reported.
Petronas holds a majority stake in the project, which has received criticism from environmental groups and aboriginal communities who say it will increase greenhouse-gas emissions and destroy a critical salmon habitat, Reuters reported.
Tellurian Investments was founded as a private company on Feb. 23, 2016, by Charif Souki and Martin Houston.
The Ichthys project was dealt a blow in January as engineering firm CIMIC, involved in building the facility's power station, reported it was exiting the project. This led many to expect production delays.
KOGAS would be "interested" in participating in U.S. shale gas projects, with such investment curbing any potential trade pressure on South Korea from the U.S. government, CEO says.
China's Guanghui Energy invested 700 million yuan (US$101.73 million) to build two tanks for its Qidong LNG plant, new natural gas pipelines and natural gas service stations in 2017, the company said in a filing to the Shanghai Stock Exchange on Feb. 7.
A standard LNG cargo contains about 160,000 cubic meters of natural gas, or 74,000 tonnes of LNG, but different vessels can carry varying amounts, Reuters said.
Reuters reported the project will include a floating storage and regasification unit, a jetty and a pipeline leading to shore, according to a statement from QP.