Rystad: LNG maintains grip on fuels despite dual fuel growth
Rystad energy reports that despite the growth in dual fuels, LNG remains supreme in terms of shipping fuel choices.
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The country is to see a 1752 billion ft3 LNG regasification capacity addition by 2025, according to GlobalData.
Rystad Energy has analysed all of 2020’s gas-related activity and produced a report, offering some key figures and a long-term outlook on the future of the industry.
2020’s Gastech Virtual Summit has been credited with putting the spotlight on the importance of gas in the growing demand for energy globally and highlighted the resilience of the industry.
Gastech Virtual Summit has opened and will run from 7 to 11 September, delivering exclusive critical insights from Ministers, policy makers, business leaders, disrupters, and innovators.
Reuters is reporting that the latest market estimates have placed Asian LNG spot cargo prices at a more than six-month high.
Asian LNG spot prices have increased marginally from the recent record lows as Chinese buyers have begun re-entering the market.
Asian spot LNG cargo prices have risen for a third straight week, as Chinese demand continues to recover.
Asian LNG spot prices have risen as supply has constricted, primarily due to a lack of available cargoes and coronavirus.
Well-supplied global LNG market sees demand build for cleaner-burning energy, according to Shell’s latest annual LNG Outlook.
