GLNG is a joint venture between Santos of Australia, PETRONAS of Malaysia, Total of France and KOGAS of South Korea. The joint venture extracts gas from coal seams in the Surat and Bowen basins of Queensland which is transported by high pressure pipeline to Curtis Island, off the coast from Gladstone, for conversion to LNG.
Over the next two decades, as more countries have existing infrastructure in the form of onshore import terminals or floating storage and regasification units (FSRUs), liquefied natural gas will increasingly be used when there are shortages in domestic energy supply.
The American Bureau of Shipping, a leading provider of classification services to the marine and offshore industries, has updated its guidance on LNG bunkering in North America to support the transport sector’s increasingly rapid transition to the use of cleaner fuels.
Liquefied natural gas membrane containment systems from France-based Gaztransport & Technigaz, known as GTT, have been employed in more than 300 in-service LNG carriers.
Oversupply best describes the current LNG market. 15 new-build but uncontracted vessels are scheduled to come on-stream between now and 2019 and approximately more than 30 ships will end their current charter contracts during this period.
Liquefied natural gas is being used as start-up fuel for a US coal-fired power plant in West Virginia, opening the way for more demand for small-scale LNG equipment in the form of storage tanks and vaporizers as the US power industry also seeks to upgrade some plants to “clean coal”.
With liquefied natural gas becoming ever more popular as a clean fuel, there has been tremendous investments in the liquefaction and export plants as well as small-scale facilities around the world.