The Australian government said the value of Australia’s liquefied natural gas exports is forecast to increase from A$22 billion (US$17.12Bln) in 2016-2017 to A$35 billion in 2018-2019, driven by higher export volumes and, to a lesser extent, higher prices.
Chevron Corp finally shipped the first cargo from the Wheatstone plant in Western Australia to the Japanese buyer, Jera Co Inc, the joint venture company set up by Tokyo Electric Power Co. and Chubu Electric.
In the global effort toward greenhouse gases emission reduction, natural gas is often presented as one of the environmentally acceptable energy sources for the next decades.
The LNG market in Asia is undergoing a transformation amid additional volumes coming onto the market and diverging natural gas and crude oil prices.
Cargo performance monitoring of FSRUs requires careful checking of boil-off gas (BOG) consumption in the gas combustion unit (GCU), steam dump (SD) or similar safety equipment.