Pressure from both long-standing climate commitments and rising energy demand have led Vietnam to seek LNG imports from next year. Overall, the country is planning 22 LNG to power projects, which could see LNG imports rise to 15mtpa by 2035. According to its commitments following the 2015 climate conference in Paris, Vietnam will cut greenhouse gas emissions by at least 9pct by 2030. Large parts of its power sector still rely on coal.
High energy prices and a slowing of China’s V-shaped economic recovery have lowered LNG imports in the second half of this year. LNG shipments surged early in 2021 on the back of China’s swift rebound from the pandemic, but market observers warn current gas storage levels are not sufficient to meet demand going into winter 2021-22, so utility buyers are bound to return in October. Markets Editor Anja Karl investigates.
With COP 26 due to start in Glasgow in October, a fierce debate tries to map the optimal path towards a net zero emissions world. However, calls to end all new hydrocarbon investments immediately notwithstanding, LNG has a good case to act as transition fuel. Markets editor Alexander Wilk has more.
LNG and its non-fossil forms – bioLNG and synthetic LNG – are growing in popularity. We sat down with Steve Esau, General Manager of SEA-LNG, the coalition advocating LNG as a marine fuel, to discuss current trends and what it takes to get the shipping industry to see it as more than just a ‘transition fuel’ as we head towards a zero emissions future.
Our preliminary September data indicated growing LNG flows underpinned by higher Russian, Egyptian and Australian LNG exports as well as strong Far Eastern demand, our Markets Editor Alexander Wilk reports.
ADRIATIC LNG, the company that owns and operates the largest LNG regasification terminal in Italy located 17 kilometres off the Veneto coastline, launched its open season in September to allocate regasification capacity for up to 25 years.
Swiss-based engine designer WinGD has developed an ecosystem of solutions around the main engine to enhance energy efficiency and to enable the transition to new fuels - Technical Editor Ian Cochran reports.
Interest in LNG-powered ships is continuing to increase and the current orderbook stands at more than 150 ships, latterly driven by a rise in larger containerships and car carrier ordering. Technical Editor Ian Cochran has more