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Latest News
2 days ago
While it is difficult to predict exactly how many projects will take FID in a given year, there are numerous LNG project developments to expect in 2018, offering a very encouraging outlook for the LNG industry.  By downloading this report, you will discover:
2 days ago
Shipping plays a crucial role in enabling economic development as it responds to the needs of the organization, functioning of the economy and society as well as improving the conditions and quality of life of the population. However, this argument underestimates the real costs. For all ship types, the main engines (propulsion) are the dominant fuel consumers essentially burning residual fuel oil (HFO), which has harmful health and environmental impacts as well as accounts for approximately 3.1% on average for global greenhouse gases (GHGs) worldwide.
2 days ago
In the past year, Emission Control Area (ECA) regulations have driven many decisions and developments within the LNG market and continue to do so. With the global sulphur cap of 0.5% for marine fuel due to be adopted by 2020, the industry is experiencing LNG gain traction as a fuel of choice for ships. As a leading global shipbroking firm, Simpson Spence & Young focuses on a variety of markets, including LNG and LPG projects, striving to address the dynamic world of shipping and global trade.
3 days ago
The CEE region is undergoing a profound change in terms of its interconnected energy market dynamics due to the constant evolution of liberalised energy markets and the need for supply security and diversity. LNG Allies’ vision is to maximise US LNG exports to enhance the energy security of America’s allies as well as improve the economic environmental conditions worldwide.
3 days ago
Central and Eastern Europe is described as the region of possibilities, with many projects now gaining both commercial support and political momentum. Europe’s eyes are opening to the opportunities of strategic alliances to connect European gas supply sources from the Baltic, Adriatic, and Black Seas to the rest of Europe.
3 days ago
At the end of 2017, the EU announced the signing of a grant agreement in which it will be contributing €101.4mn into the construction of Croatia’s Krk LNG terminal, which is more than a quarter of the overall cost of the project. The advancement of this terminal will prove positive for the region as it will increase the security of gas supply to central and south-eastern Europe.
1 week ago
For the gas industry, I believe there are four notable trends which will take place and develop in 2018: 1 - Increasingly dynamic gas pricing Throughout 2017 we have seen commodity prices rising and gas prices have followed this trend, being dragged up by rising oil and coal prices as well as various supply and demand issues more specific to gas.
1 week ago
The views expressed are the author’s own, and do not reflect any position on behalf of his former company. 2018 will start by a North Hemisphere winter with Brent oil prices closer to $60-65 rather than $50-55 and a sustained demand for LNG from China and possibly Southern Europe in case of recurrent unavailability of French nuclear power at a time when expected big supply plants are facing delays. This should lead to a sustained level for both LT contract prices (oil) and subsequent “spot” price levels (supply-demand) before the real wave of additional LNG materializes.
1 week ago
2017 turned out to be a very good year for LNG buyers, prices having dropped dramatically from earlier highs, and with every prospect that they would stay that way for a while.  The trade press was full of articles about the “glut” of LNG supplies.  Some projected the glut and low prices would be around until the mid-2020s.  It hasn’t worked out that way, and so soon.  Where did the glut go, and who stole it?
3 weeks ago
The shale gas revolution, brought about through the combination of hydraulic fracturing (“fracking”), horizontal drilling technologies has slashed consumer prices for both gas and electric in this country, while reducing air emissions by incredible volumes.
3 weeks ago
It is well known that unconventional gas – shale gas, tight gas, and natural gas associated with shale oil production – has transformed natural gas supply across North America.  Currently, about 60 billion cubic feet of unconventional gas is produced daily in the US or about two-thirds of total US production.  Going forward this fraction is expected to increase.
3 weeks ago
Though gas production has stabled in recent years, during the boom period from 2007 to 2012 shale gas production in the US expanded at an astounding average growth rate of over 50% per year, and thereby increased nearly tenfold over this short time period alone. Hydraulic fracturing technology, or “fracking”, as well as new directional drilling techniques, played key roles in this shale gas revolution, by allowing for extraction of natural gas from previously unviable shale resources.
1 month ago
Significant events this year have changed the face of the LNG shipping industry. Growing production in North America, Australia and elsewhere is leading to an abundance of natural gas.
1 month ago
Maritime LNG trade is a crucial link in the natural gas supply chain for many nations where domestic demand exceeds available supply. Despite the previous oversupply, LNG vessels are being rapidly absorbed thanks to the current robust global demand.
1 month ago
With the impending IMO sulphur cap becoming effective in 2020, ships will have to use marine fuel with a sulphur content of no more than 0.5% compared to the current limit of 3.5%. Interested in discovering more, Gastech Insights spoke with maritime solution leaders Bernhard Schulte Shipmanagement.
1 month ago
The Association of South East Asian Nations (ASEAN) celebrates its 50th anniversary this year. It consists of 10 countries, with a combined GDP of US$2.8 trillion, making it the 6th largest economy in the world.