The 2014 Gastech conference, South Korean, has just ended on an upbeat note but the 2,000 delegates and government ministers who attended were under no illusions about the energy challenges facing the world, and particularly Asia.
LNG trade in 2013 was 236.8 MT, slightly below the record 241.5 MT in 2011 as supply-side issues, notably "force majeur" in Nigeria and diversions in Egypt, resulted in a tight market, the International Gas Union said in its annual review.
In the last decades the importance of LNG has been increasing continuously. Worldwide a large number of plants have been erected using classical compressor technology driven by direct-coupled gas turbines.
Osaka Gas commenced the dismantlement of two aboveground LNG storage tanks with a storage capacity of 45,000 cubic metres each at the Senboku 1 terminal three years ago.
As the LNG industry continues to grow, liquefaction plants are being considered in a wider range of climates, including Arctic environments.