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South Korea's Gastech 2014 conference was told on the second day of the event that there were enormous growth opportunities with the expansion of the LNG carrier fleet and the development of new technology and improved safety measures.
Gastech conference delegates in South Korea attending the technical stream of the event were presented with an analysis of how the expansion of the Panama Canal and the building of Arctic liquefaction plants will transform LNG shipping routes.
Delegates on the second day of the Gastech 2014 conference in South Korea heard that the evolving energy policies of Asian governments are limiting the development of some new LNG supply options and changing the risk profile of LNG procurement.
The US Department of Energy has awarded an export permit for Non-Free Trade Agreement nations to the Jordan Cove LNG export project in the Northwest state of Oregon which plans to sell cargoes to India and Indonesia.
US oil major executives told Gastech 2014 on Monday that Asian energy demand will surge in coming decades, creating a challenge to marshal new sources of gas development and to rethink existing models of pricing and delivery.
The 2014 Gastech conference in South Korea on LNG and natural gas heard the most appealing case yet for the clean fuel in Asia as the President and Chief Executive of Korea Gas Corp., Jang Seok-hye, said LNG use in his nation to replace coal had improved the lives of…
Changes in the pricing structure of natural gas and LNG are needed if Asia is to take full advantage of the "golden age of gas," Yoon Sang-jik, Korea's Minister of Trade, Industry and Energy told the opening session of Gastech 2014, the world's leading gas and LNG conference and exhibition.
Senior Korean government and energy officials said at Gastech 2014, ahead of the conference and exhibition starting on Monday, that some changes in the pricing structure of LNG and natural gas were needed if Asia was to take full advantage of the "golden age of gas."
Spectra Energy Corp., one of North America's largest natural gas pipeline companies, has submitted an application for certification for its new pipeline in British Columbia to supply feed-gas to a Canadian LNG export project run by BG Group of the UK.
Hyundai Heavy Industries, the world's largest LNG carrier maker, said it was now building up its business through floating LNG regasification vessels and is one of the 300 key exhibitors and speakers at the 2014 Gastech conference opening Monday in South Korea.