Canadian LNG proposals have been plentiful but few projects remain on the Pacific coast in 2023. They find a changing Pacific market with new major buyers emerging and Australia being accused of ‘quiet quitting’, our Markets Editor Alexander Wilk reports.
Though tender activity is picking up across Northeast Asia, the power generation sector shows little responsiveness to lower spot LNG prices. Analysts see demand largely being driven by South Asia, while rising nuclear generation limits coal-to-gas switching in Japan and South Korea where power sector LNG demand is forecast to fall by 1.1 million tons and 0.6 Mt, respectively. Our Markets Editor Anja Karl has more.
Our data on 27 June showed weaker LNG output globally whilst exports dipped year-on-year. Meanwhile, net demand also saw a slight decrease, our Market Editor Alexander Wilk reports.
The rapid evolution of technology has found its way into every corner of industry and commerce, and the LNG sector is no exception.
Greece’s ‘Alexandroupolis’ offshore LNG FSRU terminal project is much more than just an initiative to diversify the energy market: it promotes co-operation and solidarity among Southeastern Europe, class society DNV said.
As Europe prepares for the implementation of the new FuelEU Maritime Regulation, a fragmented landscape still threatens to cause headaches for shipowners planning investments. Fuelling Editor Malcolm Ramsay has more.
ANGOLA LNG loaded the carrier “Lobito”, a vessel with 160,000 cubic metres of capacity, in mid-June with the 400th cargo to depart from the Soyo LNG export plant on the 10th anniversary of production at the facility.