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Commonwealth LNG Signs MOU to Supply Bangladesh Importer - Natural Gas Intelligence

Commonwealth LNG Signs MOU to Supply Bangladesh Importer - Natural Gas Intelligence
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Japan s green ambitions threaten the LNG market it helped create

Jul 27, 2021 Japan’s aggressive new plan to champion clean energy is shaking up the liquefied natural gas market that it helped pioneer 60 years ago. The country, the world’s top LNG importer, called for more renewables such as wind and solar to replace natural gas in a revised plan released last week. The shift aims for LNG-fired power generation to fall by roughly half this decade, creating upheaval for Japanese utilities as well as suppliers from Qatar to Australia to the U.S. The stricter guidelines will see Japanese imports drop by a third by the end of the decade, according to traders and analysts. It will force domestic utilities to abandon long-term LNG deals, which have been the backbone of the nation’s imports, while increasing dependence on the more turbulent spot market.

Global liquefied natural gas trade was flat in 2020 amid pandemic - Today in Energy - U S Energy Information Administration (EIA)

The LNG Industry, annual reports (2010–2021) Global trade in liquefied natural gas (LNG) in 2020 remained essentially unchanged from 2019, averaging 46.9 billion cubic feet per day (Bcf/d) compared with 46.7 Bcf/d in 2019, according to the recently released The LNG Industry: GIIGNL Annual Report 2021 by the International Group of Liquefied Natural Gas Importers (GIIGNL). This 0.4% annual increase in LNG trade occurred despite the COVID-19 pandemic that reduced global natural gas demand. Between 2015 and 2019, global LNG trade expanded by 45%, posting record growth in both 2018 and 2019. This expansion primarily resulted from liquefaction capacity additions in Australia, the United States, and Russia, which combined accounted for more than 90% of the global growth in liquefaction capacity during this period.

PROJECTS: Bridging fuel: Green initiatives, hydrogen will impact the use of natural gas

PROJECTS: Bridging fuel: Green initiatives, hydrogen will impact the use of natural gas
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