LNG

  While the European Central Bank is trying to save the euro, the Reserve Bank of Australia has other things on its mind - LNG. The global market for LNG is of growing importance to the Australian economy and the RBA has just reported on the long-term benefits of the…

  GE Oil & Gas has been chosen to supply two steam turbine-driven compressors for the Royal Dutch Shell Prelude FLNG project being developed offshore Northwest Australia. The contract is from Technip, the Paris-based engineering company, which along with South Korea’s Samsung Heavy Industries has been tasked by Shell to…

  Hyundai Heavy Industries said it would build two new LNG carriers for Norway’s BW Group and has an option for two more, bringing to eight the number of LNG carrier newbuild contracts the South Korean shipyard has signed so far this year HHI said one of the two vessels…

  The US Energy Department forecasts world energy use will increase 53 percent by 2035, with China and India accounting for half of the total growth and natural gas and LNG being an integral part of the rise. The largest increases in imported LNG and pipeline demand are projected for…