LEAD STORY
Australian LNG exports will grow by almost 30 percent a year from 24 million tonnes this year to 83MT in 2018 and export revenues will show an annual growth rate of 35 percent, soaring from $14.3 billion in 2013 to $68.3Bln in five years.
Also in this issue
Asia is the fastest growing market for gas and increasingly dependent on LNG, but the region suffers from elevated gas prices.
DNV GL, the newly merged Norwegian Det Norske Veritas and Hamburg-based Germanischer Lloyd classification societies, as issued recommended practices on how LNG marine re-fuelling can be carried out in a safe and efficient manner and has initiated an industry consultation period of six weeks.
The International Marine Organization has put in place restrictions on emissions from ships that will come into force in 2015 in the Emission Control Areas and 2020 for the rest of the world.
Gazocean is the operator of the first dual-fuel diesel-electric LNG carriers. The "Provalys" is owned by GDF-Suez Global Energy and the “Gaselys” is owned by GDF-Suez and NYK Line.
