US natural gas supply and demand balance shifts
A fire at Freeport LNG’s natural gas liquefaction plant led to the full shutdown of the facility, which reduced US export capacity by an estimated 2.0 billion ft3/d.
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A fire at Freeport LNG’s natural gas liquefaction plant led to the full shutdown of the facility, which reduced US export capacity by an estimated 2.0 billion ft3/d.
Wood Mackenzie reports that China’s LNG imports are set to fall over 14% year-on-year to 69 million t in 2022, the largest decline since it began LNG imports.
Sulzer is investing £1 million to expand and upgrade the Ellon facility in Aberdeenshire, Scotland, creating an advanced rotating equipment service centre with the capability to overhaul electric motors, pumps, gearboxes and turbocompressors under one roof.
VMC and Howden have grown their market share by reaching 1001 compressors sold in South America.
An average of 49 billion ft3/d of LNG was traded globally during 2021, an increase of 2.2 billion ft3/d (4.5%) from 2020, according to ‘The LNG Industry GIIGNL Annual Report 2022’.
The IEA reports that global natural gas consumption is expected to contract slightly in 2022 and grow slowly over the following three years as Russia’s war in Ukraine pushes up prices and fuels fears of further supply disruptions.
BASF and MAN Energy Solutions have entered into a strategic partnership to pursue the construction of an industrial-scale heat pump at the BASF site in Ludwigshafen, Germany.
According to the LNG Industry GIIGNL Annual Report 2022 by the GIIGNL, global trade in LNG in 2021 increased by 2.2 billion ft3/d, or 4.5%, compared with 2020.
Lummus Digital has announced an agreement with LACC to develop AI powered remote performance monitoring for an ethane cracker unit.
The Western Australian Environmental Protection Authority (EPA) has made public its report on the North West Shelf (NWS) Project Extension proposal.
The Connected OEM offering is an Internet of Things (IoT) solution that allows OEMs and skid manufacturers to remotely monitor the health and condition of their assets.
Shell and CMA CGM Group have signed agreements that will see them work closely together to accelerate the decarbonisation of the marine sector. This includes a multi-year LNG supply agreement.