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Novatek Arctic LNG export terminal

Estimated reading time: 5 minutes     Recent years have seen rapid growth in the global market for LNG, with volumes of exports and imports up 10% in 2018 alone. BNEF’s Global LNG Outlook 2019-2023 sees LNG supply jumping by 33 million metric tons per year in 2019, reaching a record 358MMtpa, with the U.S.…

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LNG is produced by cooling natural gas at atmospheric pressure to minus 260 degrees Fahrenheit, at which point it liquefies. It is odourless, colourless, noncorrosive, noncombustible, nontoxic and clean. When it is exposed to air, it vapourises quickly back to its gaseous state, and it will leave no polluting residue after vapourising. LNG has been…

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The LNG market outlook today In an assessment done by Ernst & Young, it was estimated that global natural gas demand has grown 2.7% annually since 2000. However, global LNG demand has risen by an estimated 7.6% per year over the same period, a growth that is three times faster than the former, and the…

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  Floating Storage and Regasification Units (FSRUs) have been in operation for more than ten years. Over the years, it has successfully make its way from a specialist niche to being a main-stream solution for potential new regasification terminals. FSRUs have contributed greatly to the LNG industry by opening up new market opportunities to LNG…

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