LEAD STORY
The Australian government said it its latest natural gas industry report that in contrast to the very tight market conditions over the past four years, it is expected that there will be excess supply capacity in the global LNG market until at least 2020.
Also in this issue
The first export shipment of liquefied natural gas produced in the Lower 48 states left the Gulf Coast of Louisiana on February 24 and was the result of a decade of natural gas production growth that has put the United States in a new position in the worldwide energy trade.
Germany’s transition to the cleaner fuel era is not depended on liquefied natural gas, unlike its West European neighbours, but on Russian pipeline natural gas company Gazprom.
As the international market for small-scale LNG and bunkering expands globally, the need for safety and enhanced commercial practices are increasingly important and are being addressed by DNV GL through an updated Recommended Practice.
Since legislation was put in place in 2015 that controlled sulphur emissions in designated Emissions Control Areas, there has been a greater focus within the shipbuilding industry on the use of cleaner fuels such as liquefied natural gas.
