May 2011
LEAD STORY
Considering that potential energy consumption of ocean-going vessels is twice as much as current world LNG production, the long-term potential of LNG demand by LNG-fuelled ships is immense. The LNG fuelled propulsion (LFP) system has distinct advantages in the reduction of carbon dioxide (CO2) and sulfuric oxide (SOx), which would…
Also in this issue
As environmental regulations become ever more stringent, LNG shipowners are increasingly using enhanced operational techniques and new technology to reduce the impact of their ships on the environment while, in some cases, reducing the vessel’s operating costs. The framework of environmental requirements is provided through the International Maritime Organization (IMO),…
The third International Gas Union survey of wholesale natural gas price formation mechanisms was completed in late 2010, following on from similar surveys. The idea for the survey arose at the beginning of the triennium leading to the last World Gas Conference. The Strategy, Economics and Regulation Programme Committee (PGCB)…
New Summary for May 2011
Australia’s largest ever conference focusing on LNG heard bullish forecasts as the nation becomes a leading world player and the main exporter to China, amid debate on a controversial carbon tax. Australia currently has A$88 billion (US$94Bln) of LNG projects under construction and another A$130Bln of new ventures on the…
Europe’s most unique LNG import facility in terms of technology and commercial shipping structure is set to begin operations after the turn of the year. Known as Offshore LNG Toscana (OLT), the facility is based around an LNG carrier, the former “Golar Frost”, converted into a floating storage and regasification…
