China has made progress on nationwide natural gas pricing reform that affects LNG imports, with the average price of baseline demand now about US$10.90 per million British thermal units while incremental volumes cost around US$13.00 per MMBtu, according to a report published by a leading consultancy.
LNG as a fuel will capture a significant market share in the transport sector by 2035 as demand for marine re-fuelling may reach as much as 77 million tonnes per annum and road transport companies will need 96 MTPA for trucks.
The US Maritime Administration (MARAD) has published a study on LNG use as a marine fuel and the related infrastructure and rules and regulations required as its adoption increases in North America.
Sonatrach, the forerunner and a major player in the global LNG industry, invested in a new large LNG production Train, the GNL‐3Z project in Algeria, to sustain and increase its export capabilities in a period when very few other LNG projects were awarded.
A new natural gas liquefaction process called KSMR, featuring an SMR-based simple structure and with relatively high efficiency, has been developed by engineers at Korea Gas Corp.
Alaska LNG, the project being developed by BP, ConocoPhilips, ExxonMobil, TransCanada and the state itself, has filed a preliminary draft resource report with regulators saying the plant will produce an initial 20 million tonnes per annum of LNG.