Liquidity fuels LNG storage growth
Commercial storage of LNG is on the rise as the market evolves, and emissions controls loom larger on the horizon
Increased liquidity in the world's liquefied natural gas market, the impending cuts in permissible marine fuels emissions limits and increased use of LNG as a road fuel are combining to boost active interest in commercial LNG storage. Leading market participants are increasing their presence in the sector, particularly in Europe and Singapore, while the US lags. The International Gas Union's 2018 annual report notes that re-exporting activity from LNG import terminals continues to grow. European terminals have traditionally led this trade, with 14 of the region's 26 operational LNG import terminals capable of reloading, including-since 2016-Lithuania's Klaipedos Nafta floating storage and re
Also in this section
20 May 2024
Not for the first time, a foreign oil company-led project in Iraq’s Kurdistan region is dealing with the aftermath of a deadly drone attack
17 May 2024
The latest drought crisis is passing, but longer-term solutions are in motion, explains Panama Canal Authority Administrator Ricaurte Vasquez Morales
16 May 2024
Flat oil growth in 2024 highlights mounting industry problems
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way