Currently, over 50% of South Korea’s shipbuilding industry's revenue comes from LNGCs.
LNGC owner and operator,TMS Cardiff Gas, has claimed a 34% reduction in negative SIRE 2.0 observations across its LNG and LPG fleets, following the rollout of Kaiko Systems’ digital inspection platform.
Dubai based Drydocks World, a DP World company, has been awarded an engineering, procurement, and construction (EPC) contract by AMIGO LNG to build the world’s largest FLNG liquefaction facility.
US engineering and technology company, Baker Hughes, has signed a long-term service agreement with bp for the Tangguh LNG plant in Papua Barat, Indonesia.
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Despite natural gas prices being generally lower than were predicted a few months ago, prices are still expected to rise from current levels, driven by tighter market balances.
Asian spot LNG prices fell last week on soft demand and strong storage inventories and as the markets awaited the outcome of Friday’s meeting between US President Donald Trump and Russia’s Vladimir Putin.
The Iraq Government has updated progress on the ongoing development of two LNG import terminals, one floating and one fixed, projects, which would help the country import LNG from different countries.
China’s LNG buyers have started to increase imports, due to falling prices and the need to replenish inventories concluding months of sparse deliveries.