A global shipping organization and a body representing LNG importers are together providing parties in the LNG sector with greater commercial flexibility by developing a voyage charter party specifically designed for the carriage of LNG.
Liquefied natural gas projects in the northwest US state of Oregon have been delayed so far as far as progress is concerned by the Federal Energy Regulatory Commission even as feed-gas available to such ventures continues to grow.in other countries outside the US.
As of 2015 a total of 10 countries had entered the liquefied natural gas re-export market, with Singapore and India joining the ranks.
Prices for Australian and other liquefied natural gas oil-linked, contracted cargoes delivered to Japan are expected to remain relatively weak over the next 18 months, likely hovering around US$10-12 a gigajoule (US$9.5-11.5 per MMBtu) and most of the price risk will be to the downside, said the Government’s Resources and Energy Quarterly report.
Small-scale LNG is a concept that is developing quickly in the industry. Since Algeria had the first liquefaction Trains built in 1964 with 0.4 million tonnes per annum of output, the sizes rose over time to reach the latest Qatar Train capacity of 7.8 MTPA of production.
The Canadian government said it expected four large liquefied natural gas export plants to be constructed around the port of Prince Rupert in British Columbia.