LNG

Demand growth is, however, forecast to slow during 2019/22, before accelerating during the 2020s

Shell sees a potential supply shortage of liquefied natural gas (LNG) developing in the mid-2020s as global demand surges. Its latest annual LNG Outlook states demand in the global market grew by 29 million tonnes to 293 million tonnes last year and based on current projections, there could be a shortage unless new production commitments […]

Liquefied natural gas (LNG) trucks with special transmissions in France and Spain are helping two vehicle fleets reduce fuel consumption by up to 17%. By switching trucks to clean energy sources rather than diesel and by using fully automatic Allison transmissions, both operators have reported significant improvements in fuel economy, driving responsiveness, and reliability. In […]

The UK has received its first shipment of liquified natural gas (LNG) from Russia’s controversial Yamal facility in the Arctic. National Grid confirmed the Christophe de Margerie tanker has docked at the London Thamesport on the Isle of Grain in Kent and offloaded its cargo of 170,000 cubic tonnes. The gas originates from the sanction-hit […]

A floating liquefied natural gas (LNG) structure said to be the world’s largest sea-going vessel is expected to hit the waves in 2018. Shell’s Prelude is not strictly a ship in the traditional sense as it is not independently powered – it will be towed around and focus on the extraction and processing of gas […]

Around 80% of liquefied natural gas (LNG) experts believe it will become a widespread fuel for the shipping industry. That’s according to a new survey of 500 industry specialists conducted by Oil & Gas IQ. This figure is up from 68% in 2016, with the majority of respondents saying the fuel is better suited to […]

Total has signed an agreement with French utility ENGIE to buy its liquefied natural gas (LNG) assets for $1.49 billion (£1.13bn). The deal includes interests in liquefaction plants, including the Cameron LNG project in the US, long term LNG sales and purchase agreements, a fleet of 10 LNG tankers as well as access to regasification capacities […]

Natural gas will play a key role in the global transition to a cleaner and more flexible energy system. That’s the forecast from the International Energy Agency (IEA), which suggests it is the only fossil fuel that will maintain its share of the energy mix in the next few decades, as policies to reduce air […]

Increased US natural gas exports could add up to $73 billion (£55.9bn) to the nation’s economy by 2040. That’s according to the American Petroleum Institute (API), which suggests this growth could support up to 452,000 additional American jobs. The group estimates the greater use liquefied natural gas (LNG) across the world would reduce global greenhouse […]

New Liquefied Natural Gas (LNG) export projects across the US and Australia could lead to overcapacity in supply until 2024. That’s according to the latest forecast from Bloomberg New Energy Finance’s global gas team, which adds imports of LNG could set a new record this year, with an 8.8% growth. That’s the fastest growth since […]