Asian Spot Prices for LNG Take a Dive
Asian spot prices for LNG took a dive to multiyear lows, feeling the pressure of the lack of demand. Holders of previously agreed upon long-term buyer contracts seek renegotiation.
Japan Pledges $10 Billion in LNG Infrastructure
The decision follows a previous $10-billion investment in LNG the country made in 2017. While that investment focused on outside energy supply sources, this one will be used to develop infrastructure in Southeast Asia and the Indian subcontinent.
Excelerate Energy Approved for Philippines Project
Located offshore the city of Batangas, approximately 2 hours south of Manila, the Luzon LNG project will include a fully integrated turnkey FLNG terminal, arranging the necessary supply of LNG and distribution of natural gas across the island of Luzon.
ModuSpec Divests From Lloyd’s Register, Becomes Independent Service Organization
ModuSpec, a drilling rig inspection, auditing, and training services company, re-emerges as an independent operating company following a strategic restructure of Lloyd’s Register. It will focus on the Middle East and Asia, as well as Egypt, Uganda, and Kenya.
Will LNG Drive Asia’s Sustainable Future?
Coal remains the biggest challenge to LNG in Asia.
Meeting Asian LNG Demand
This paper discusses how demand for LNG has affected shipping routes as well as trade issues between the suppliers and importers of natural gas.
Asian LNG Demand Growth Makes US, Canada Producers Go the Distance in Transport Costs
DNV estimates that gas will be the world’s primary energy source by the mid-2020s. Growth in LNG capacity is expected as the midstream sector invests in connecting shifting sources of gas with changing demand centers. Other factors also will drive the globalization of gas trading markets.
Reliance Awards McDermott Contract for KG-D6 Subsea Development
McDermott announced a letter of award for a contract from Reliance Industries for the deepwater KG-D6 subsea field development in the Krishna Godavari Basin.
Keppel Takes a Hit From Industry Downturn
Due to the continued pressure from weak utilization of existing operating fleet and supply overhang of newbuilds, Keppel is cutting its yard capacity. The company is however seeking opportunities in niche and new markets.
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