The oil price slump has not fed through to ease the oil-linked prices paid by Japanese utilities under long-term liquefied natural gas contracts. The LNG prices are still over $15 per million British thermal units and Tokyo Gas has just told its customers they will have to pay more.
The only constant in the LNG industry again appears to be change - unpredictable change. The LNG supply and demand balance shifted in 2014 as LNG supply appears, at least temporarily, to have surpassed demand.
The Panama Canal Authority (ACP) has made its proposals for new toll charges from 2016 when the expansion project is completed and LNG carriers will be able to transit the shorter route to Asia from the Atlantic Basin and the Gulf of Mexico.
The Side Supported Reinforced Cylinder (SSRC) is a unique and innovative Type B containment system designed to first principles for the safe carriage of all types of liquefied gases.
Strong demand for LNG means that many operators are developing projects based on lean gas with high methane content in locations such as North America, East Africa and Queensland Australia.
In the Asia Pacific, the gas trading is expected to increase dramatically, the 51 percent of net interregional import by 2035, while ExxonMobil forecasts 65 percent and the International Energy Agency 50 percent.