LNG

Global commodities firm Trafigura said in its fiscal 2021 report that revenues, earnings and liquefied natural gas volumes increased amid rising prices, partly because of stronger LNG demand from Asia due to low hydropower reserves this year in China and also lower coal production.

Australia, whose LNG output will soon exceed 80 million tonnes per annum, is proposing other nations follow its initiative for industry-wide coordination of plant shut-downs and more sharing of infrastructure.