Citing “intense” competition in the race to export liquefied natural gas (LNG) and an urgent need to secure liquidity, Australia-based LNG Ltd. (LNGL) is considering a takeover offer from a private Singapore-based firm that would include two proposed projects for the Gulf Coast and Canada.
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Global trade in liquefied natural gas (LNG) last year reached a record 258 million tonnes — up 5% from 2015, according to the International Gas Union (IGU). However, the LNG industry is in need of contract standardization, according to one trading house, which has introduced a proposal for a standard contract.
The Asia-Pacific market for natural gas, and in particular, liquefied natural gas (LNG), is likely to stay robust for the long-term, two Singapore-based energy attorneys said last week. A shift also is seen in moving from conventional to more unconventional gas resources.
The Asian market for liquefied natural gas (LNG) is likely to stay robust for the long term, two Singapore-based energy attorneys said Tuesday. They also predicted a shift from conventional to more unconventional gas resources in the region.
China Investment Corp. (CIC) and the Government of Singapore Investment Corp. (GSI) have invested a combined $1 billion in Cheniere Energy Partners LP’s Sabine Pass liquefied natural gas (LNG) export project in Louisiana, according to published reports.