Global liquefied natural gas volumes are set to expand substantially, leading to a more competitive, globally integrated gas market.
There has been a growing recognition of the crucial role of liquefied natural gas as the world tackles poor air quality and climate change with countries seeking more LNG volumes, especially in Asia.
The shipment of cargoes from the two-Train, Inpex-operated Ichthys project in Darwin in the Northern Territory and the start-up of the Shell-led Prelude floating LNG venture offshore northwest Australia concluded the second chapter of the nation’s LNG development boom.
Annova LNG and its engineering partners are making progress with the project to source natural gas from the South Texas and Permian Basin regions and to export shipments to international markets as early as 2024.
As recently as a decade ago, participation in the global liquefied natural gas market was dominated by a handful of large multinational and state-owned energy companies.
Qatari-owned shipping and maritime services company Nakilat continues to be the essential transportation link in Qatar’s liquefied natural gas supply chain.
The momentum behind uptake of liquefied natural gas as a marine fuel is growing. There have been increasing numbers of orders at shipyards for gas-fuelled vessels, bunkering vessels and investment in LNG bunkering infrastructure, all of which will encourage more owners to consider LNG for future projects.