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LEAD STORY

John McKay, LNG Journal Editor

The 40-year record of sustained growth in the LNG industry has temporarily come to a halt in 2009 due to the global economic crisis, and leading importers are expected to take about two years to realign their LNG needs.
Ari Sipilä and Michael vom Baur, Wadan Yards LNG Technology, Rostock, Germany

While the Moss spherical tank has been the icon for LNG shipping for decades, the Gaz Transport and Technigaz (GTT) membrane systems No. 96 and the GTT Mk III dominate the order book for LNG carriers.

Also in this issue

Wednesday, 10 June 2009 07:32

News Index June 2009

Written by
A round-up of the latest company news and developments.
LNG Journal, North America Editor

With nameplate worldwide liquefaction capacity expected to be around 240 million tonnes by the end of 2009, the LNG industry has achieved a more than 20 percent year-on-year rise in output.
John White, Baker Botts LLP, London, presents the second instalment of a legal analysis for LNG investors.

Floating LNG projects have the potential to unlock stranded natural gas - provided challenges to its development, implementation and operation are successfully cleared, as considered in last month’s first instalment of this analysis.
Algeria has pulled out all the stops to alleviate security concerns for the three-yearly LNG16 conference scheduled to take place in April next year in the Algerian coastal city of Oran.

The conference will be aimed at revitalizing the industry at a time of global economic crisis, low commodity prices and doubts raised about future LNG projects worldwide.