LEAD STORY
The potential impact on LNG imports by an EU push for corporate sustainability raised concerns from QatarEnergy, highlighting tensions between EU climate goals and energy security needs. However, a new ‘Omnibus’ initiative attempts to soften sustainability rules to mitigate energy market disruption, writes our Market Editor Dr Alexander Wilk.
China suspends US LNG imports for 40 days, turns to Australia instead
Written by AJ KotzeChina has suspended LNG imports from the United States for 40 days in a tit-for-tat trade war, forcing traders to reroute shipments. No US LNG cargo is currently heading to China, Kpler data shows while China Resources was quick to act and secured alternative supply from Australia instead; our Market Editor Anja Karl has more.
Also in this issue
Our March data showed robust growth in LNG trade driven by higher output across all major producing regions. Meanwhile, global demand increased significantly, with strong uptake in both the Pacific and Atlantic Basins, our Market Editor Dr Alexander Wilk reports.
With today’s rock bottom freight rates, it is even more imperative that LNGC owners and operators monitor their ships performance in an attempt to gain greater efficiency in order to cut operating costs. Technical Editor, Ian Cochran reports.
LNG has long been one of the default pathways for decarbonisation in the shipping industry, with dual-fuel engine technology offering flexibility and cost savings for operators, but challenges remain as development of next generation solutions progresses. Fuelling Editor Malcolm Ramsay has more.
A round-up of latest events, company and industry news
Written by AJ KotzeABAXX: Abaxx Technologies, a financial software and market infrastructure company, majority shareholder of Abaxx Singapore, the owner of Abaxx Commodity Exchange and Clearinghouse has concluded the first over-the-counter (OTC) LNG cargo trade indexed to Abaxx LNG futures.
