LNG buyers on the Indian subcontinent have seen LNG imports decrease by around 20 percent in each case as they previously relied in part on spot cargoes that have now gone to Europe. They now struggle to close the supply gap, writes our Market Editor Alexander Wilk.
Though numerous pre-FID projects could get sanctioned, based on contracting activity, no new LNG export capacity will start up over the coming months. Apart from the return of Freeport LNG, buyers have to rely on the ramp-up of capacity commissioned late last year or wait until 2024 for new projects to come onstream which is bound to intensify competition for cargoes; our Market Editor Anja Karl finds.
Our January data show weaker LNG output globally following December’s strong growth in trade whilst a net demand increase also remained elusive, our Market Editor Alexander Wilk reports.
A range of high strength austenitic stainless steels has been developed by Cheshire, UK-based N’GENIUS Materials Technology, which are particularly suitable for the LNG sector. Technical Editor Ian Cochran reports.
LNG remains the only fuel choice available to meet the energy needs of growing economies at scale.
Plans to develop new LNG facilities in Alaska’s Cook Inlet offer the potential to drive a raft of LNG fuelling solutions, as well as acting as a testing ground for a range of alternative fuels and energy solutions, according to developer Alaska Gasline Development Corporation (AGDC). Fuelling Editor Malcolm Ramsay has more.
ABU DHABI National Oil Company (ADNOC) is proceeding with its plans to offer a minority stake in new subsidiary ADNOC Gas, which consolidates the emirate’s gas processing and LNG operations, through an initial public offering on the Abu Dhabi Securities Exchange in 2023.