A major boost to export capacity is expected from 2017 to 2019 with average capacity additions of around 50 billion cubic metres each year with the start-up of large projects in Australia and the United States, but capacity increase will slow from 2020 onwards.
US LNG export levels vary across cases and reflect both the level of global demand and the difference between domestic and global natural gas prices, with the latter more heavily influenced by oil prices, according to the Annual Long-Term Energy Outlook of the US Government.
Significant effort has been made in recent years to minimize the consumption of LNG, and boil-off gas (BOG) emanating from it, during its transport and storage in the marine environment on LNG carriers, floating storage units (FSUs) and floating storage regasification units (FSRUs).
The Japan Fair Trade Commission (JFTC), Japan’s competition regulator, recently published results of an investigation into destination restrictions in liquefied natural gas (“LNG”) supply contracts.
Driven by industry standards, strict regulations and end user demands, manufacturers of cryogenic valves and transfer equipment are faced with the daunting responsibility of finding sealing solutions that cope with low leakage challenge requirements while lowering operating costs.