Canada’s leading newspapers expressed the energy industry’s shock at Royal Dutch Shell’s postponement of the LNG Canada project and forecast dire days ahead for the oil and gas industry because of the additional burden of new government polices on hydrocarbon project developments.
Global natural gas trade is expanding and LNG is increasing more rapidly than pipeline gas and there will be ample supply of cargoes over the medium term, the International Energy Agency said in its annual outlook.
Asian nations believe there is no straightforward alternative to the Strait of Malacca as a liquefied natural gas and oil trade route for LNG carriers and other tankers.
Coal-seam gas development expanded relatively rapidly in Queensland, with proven and probable reserves increasing more than tenfold over the last decade, enabling the construction of three CSG-to-liquefied natural gas plants.
The rapid pace of unconventional gas development in North America continues to transform the North American and global energy landscape.
Independent industry forecasts indicate that the use of LNG as a bunker fuel offers opportunities for early movers to secure a market-leading position ashore and afloat as global LNG fuelling becomes a mainstream option.