Australia May Double LNG Exports by 2016
According to a report from Bloomberg, Australia’s liquefied natural gas exports may more than double by 2016 as Asian economies increase gas consumption as part of government policies to diversify energy sources, the Australian Bureau of Agricultural and Resource Economics and Sciences said. Exports may climb to 41 million metric tons in the 12 months to June 30, 2016, from 19 million tons this year. (Source: Bloomberg)
JFE’s Ship Unit Targets Orders for Five Vessels
JFE Holdings Inc.’s shipbuilding unit is reportedly aiming to win orders for as many as five iron ore carriers, according to a report on www.businessweek.com. Iron-ore carriers including Nippon Yusen K.K. and Mitsui O.S.K. Lines Ltd. are expanding dry-bulk fleets to tap demand for the steelmaking material. Exports of the ore from Australia, the world’s largest shipper, are forecast to rise at an average annual rate of 7 percent to 2015, the Australian Bureau of Agricultural and Resource Economics said March 2. (Source: www.businessweek.com)
