Healthy Global Growth for LNG
Despite some recent turbulence, the global business environment for liquefied natural gas (LNG) remains strong, and a continuous growth in demand is expected for years to come, said Khalid Sultan R Al Kuwari, Chief Marketing and Shipping Officer of RasGas Company Limited. Speaking at the CWC 16th World LNG Summit in Rome Al Kuwari said that a growth rate of approximately 5% per year from 2015 to 2025 is anticipated. During this period, LNG demand is expected to outpace the overall growth in natural gas demand, he explained. He was presenting his ‘Overview of the LNG Industry in the Year Past, the Present and the Future’ as a member of the Global Strategy Panel at the Summit.
First Q-flex LNG Carrier Berths at Barcelona, Spain
RasGas of Qatar announced that it achieved yet another successful milestone when the first Q-Flex vessel delivered Liquefied Natural Gas (LNG) at the Barcelona LNG receiving terminal, Spain. It is not only the first RasGas Q-Flex vessel to discharge LNG at the Barcelona LNG receiving terminal but, it is also the largest the terminal ever received. The LNG cargo was delivered aboard RasGas long-term chartered Q-Flex vessel the Al-Utouriya. The cargo is part of RasGas’ long-term LNG Sales and Purchase Agreement (SPA) with Endesa Generación, S.A.
RasGas LNG Carrier Fleet Grows to 12
RasGas’s LNG tanker fleet has grown to 12 with the addition of Al Daayen, built by Daewoo Shipbuilding & Marine Engineering Co, South Korea. Al Daayen was recently launched at Daewoo’s shipyard at a ceremony in which Khalid Sultan R al-Kuwari was the main guest. The name Al Daayen comes from an ancient village on Qatar’s east coast. Al Daayen is the fifth LNG tanker to be delivered to RasGas from the Daewoo shipyard. Owned by the Teekay Nakilat Corporation, a consortium of Teekay Shipping and Nakilat, Al Daayen has an LNG cargo capacity of 151,700 cubic metres. Under the terms of the time charter agreements, RasGas will use the vessel…
