LEAD STORY
The Australian economy has benefited and will continue to benefit significantly from LNG investments, with projects on the drawing board representing A$180 billion.
Also in this issue
Myanmar’s recent emergence from sanction-driven isolation has attracted attention from all over the world, including energy-hungry investors, and could see an LNG export project back on the agenda similar to one backed by Japan and South Korea but cancelled in 2007.
The LNG market will face "unprecedented" tightness this year and next as incremental demand from Asia exceeds new supply, and when new production is available much of it will go to China, according to the Paris-based International Energy Agency.
Tokyo Gas, the world's fourth-largest LNG importer, purchases 17 million tonnes per annum of cargoes from overseas.
One of the world's first LNG Floating Storage and Regasification Units (FSRU) to be built from new will benefit from cryogenic valves produced by Bestobell Valves and just delivered to the South Korean shipyard of Daewoo Shipbuilding and Marine Engineering, following on from a major contract win last month for the UK company to equip two newbuild LNG carriers.
