Qatar has retained the crown of the biggest exporters of natural gas and the biggest exporter of liquid gas or LNG in the world, reports The Peninsula. The country exported nearly 77 million tonnes (MT) of Liquefied Natural Gas (LNG) in 2014 which was approximately one-third of global supply, according to International Gas Union report. Malaysia and Australia — the world’s second and third largest LNG producers respectively — saw LNG exports reach an all time high. In 2014, Malaysia exported around 25MT LNG while Australia exported 23MT. Nigeria was the fourth largest exporter providing around 19MT to the market. Overall, LNG trade globally reached around 241MT in 2014, a 4.3MT increase over 2013 levels, added the report. Qatar ranks third in the world in terms of natural gas reserves and it holds about 13.1 percent of the world’s total proven gas reserves. It remained the largest LNG exporter with a sizeable margin as the gap between Qatar and its competitors was huge. In Asia, Qatar faces challenges from Australia and the United States. Australia is its biggest rival in the Asian market, and will likely continue to be so. The country has completed its big projects of increasing its liquefied natural gas production capacities and further growth in quantities should come from the technical improvement of the existing equipment.
Keppel FELS, a wholly-owned subsidiary of Keppel Offshore and Marine Ltd, will deliver its first Jack Up Drilling Rig ahead of schedule by the end of this year to Qatar's national drilling company, the Gulf Drilling International (GDI), the company's officials announced in Singapore recently. Built to Keppel's proprietary KFELS B Class design, the first rig has been named Al Khor, after one of Qatar's historical cities which has contributed to the development of Liquefied Natural Gas
With seven LNG carriers drydocked at the facility, Nakilat-Keppel Offshore & Marine (N-KOM) is one of the leading shipyards for LNG repairs, leveraging on Qatar’s position as top LNG exporter. As part of the Erhama Bin Jaber Al Jalahma Shipyard, N-KOM has successfully completed marine, offshore and onshore projects for both local and international clients, with LNG repairs making up almost half of these projects.
Asian spot liquefied natural gas prices edged higher as scattered demand from Japanese buyers and others helped stem the recent decline in prices, traders said on Friday. The price of spot LNG for April delivery inched up to $6.75 per million British thermal units (mmBtu) on Friday from $7.65 the previous week, while Europe's benchmark UK gas hub prices slipped to trade at a discount. "We've seen some end-user demand in Japan," a trader said.
China LNG imports hit record in November, but set to beat that this month. China's state oil and gas majors are set to import record levels of liquefied natural gas (LNG) this month, betting on robust demand during the cold winter months and helping lift Asian prices to their highest in nearly two years. Trade flows data on Thomson Reuters Eikon shows 7.33 million cubic metres (mcm) of LNG, equivalent to 3.33 million tonnes, are heading to China for delivery this month
The U.S. Department of Energy announced that it has signed an order authorizing Golden Pass Products LLC to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with the United States. Golden Pass is authorized to export LNG up to the equivalent of 2.21 billion cubic feet per day (Bcf/d) of natural gas to any non-FTA country not prohibited by U.S. law or policy from the Golden Pass Terminal near Sabine Pass, in Jefferson County
Reports indicate that Iran has signed a contract with Belgian shipping company Exmar to build 10 liquefied natural gas (LNG) tankers. Iran sits on the world's second largest reserves of natural gas, and will start production of LNG in 2009. Its natural gas reservoirs in southern Gulf waters are shared with Qatar, the main global exporter of LNG. In June 2005 Iran and India signed a contract worth 22 billion dollars for Tehran to supply five million tonnes of LNG annually
Gas buyers nervous of Russia cutting supply are helping solve Europe's problem of too many underused liquefied natural gas (LNG) terminals, as they seek space at France's Dunkirk plant. Adding to renewed demand is the more potent interest of major east Asian companies, shipping LNG from the booming output of their U.S. projects but fearing a saturated Asian market where they also face competition from Australian producers.
With a spate of big new projects coming on stream in the next few years, Australia is soon expected to become the world’s largest exporter of liquefied natural gas (LNG). Australian Petroleum Production & Exploration Association (APPEA) says that Australia is on track to overtake Qatar to become the world's largest exporter of liquefied natural gas in 2018. According to a new report from Accenture
Dozens of liquefied natural gas (LNG) tankers parked in and around Qatari export facilities - the world's biggest hub for the fuel - signal that seasonal maintenance is curbing output, industry sources said. Around 25 tankers, all of which have exported LNG from Qatar in recent weeks, are sitting idle in anchorage areas near to the country's loading ports, shipping data on Reuters Eikon shows. Several industry sources said that maintenance on one of the production plants
Asian spot LNG prices jumped this week, buoyed by hopes Korea Gas Corp's new tender would match past buying sprees and by emerging demand from China and Japan. Spot prices for June delivery rose to $5.70 per million British thermal units (mmBtu), a 20 cent jump over last week
Bangladesh's State-owned Petrobangla has inked final deals with Summit LNG Terminal Co to development the country's second floating LNG terminal. The Financial Express reported that Summit group will install a Floating Storage and Re-gasification Unit (FSRU) at Moheshkhali Island in
Given the mounting pressure on freight rates and continuing fleet growth over the next two years, Drewry believes that excess vessel supply will reduce only gradually with the recovery in rates pushed back to the latter part of next year
Poland will receive its first liquefied natural gas supplies (LNG) from the United States in mid-June as a result of a deal Polish gas firm PGNiG signed with Cheniere Energy, state-run PGNiG said on Thursday. Cheniere Energy will make the spot delivery at the Swinoujscie terminal on the
Poland's desire to cut natural gas imports from Russia has led to an "understanding" with the United States to work toward a deal to export liquefied natural gas to its new Baltic Sea terminal, the country's deputy prime minister said on Wednesday.
Torgy LNG’s updated LNG Type A tank design has been granted a General Approval for Ship Application (GASA) by classification society DNV GL. The original design was the first LNG tank based on the IMO A atmospheric design to have been awarded a GASA certificate.
The Wison-LNG-Distributor (LNGD) is a new multi-functional carrier with scalable capacity between 5000 to 20,000 cu. m. Wison-LNGD integrates the functions of LNG loading, bunkering and container delivery, which could make regional LNG redistribution more affordable and efficient.
International compressor supplier TMC Compressors (TMC) said it has been awarded a contract by Daewoo Shipbuilding & Marine Engineering (DMSE) to supply a marine compressed air system to a newbuild floating storage and regasification unit (FRSU).
U.S. energy firms are scrambling to finish a slew of pipelines that will unleash rich reserves of shale gas in Pennsylvania, West Virginia and Ohio as the nation prepares to become one of the world’s top natural gas exporters.
Asian spot LNG prices edged lower this week amid thin trade for May cargoes and as focus shifts towards June supplies. Spot prices for May delivery of LNG in Asia fell by 35 cents to $5.40 per million British thermal units (mmBtu), as interest for May cargoes weaken because most end-users
Wärtsilä and COSCO shipping Heavy Industry Co (CHI) have announced the joint development of a natural gas operating fleet concept, and this design has now obtained Lloyd's Register's (LR) Approval in Principle (AiP) certificate. The development project was carried out under the terms of
India's Essar Ports has won a contract to build the first liquefied natural gas (LNG) terminal in West Bengal under the Kolkata Port Trust (KoPT) at an investment of Rs 450 crore (USD 70 million). A Press Trust of India report said that the LNG project is expected to be
Singapore LNG Corporation Pte Ltd (SLNG) and Maritime and Port Authority of Singapore (MPA) jointly launched the nation’s first Liquefied Natural Gas (LNG) Truck Loading Facility during a ceremony held on 12 April 2017, at the SLNG Terminal.
Seaborne demand for Arabian Gulf crude exports down 14 percent in first quarter 2017 in very large crude carriers (VLCC) and Suezmaxes. In the first quarter of 2017, more than 2.5 trillion ton miles were completed by the global VLCC and Suezmax fleet. This was down 4
MAN Cryo, MAN Diesel & Turbo’s marine-LNG fuel-gas-system manufacturer, has signed a contract with the Vard Shipyard Group in Norway to deliver a fuel-gas supply system (FGSS) to two ferries for shipowner and ferry operator Torghatten Nord.