Top News of The Week October 14-19, 2013
The Port of Rotterdam Authority said that two European subsidy applications relating to LNG have been granted.
Speakers at WEC Daegu 2013 said on Tuesday that shale gas is a significant game changer, particularly in North America. But they also warned that those in Asia who hope it will transform energy pricing are unlikely to be satisfied.
The global LNG market is primarily driven by Asia, with LNG imports by Asian countries accounting for 60 percent of the global LNG trade. But the market is at a potential crossroads with the American shale gas revolution, a disparity in shale gas prices in North America, Europe and Asia, and whether China’s shale gas will be a game changer.
Gasol, the West African energy development company, said that, as part of a consortium called Electrogas Malta, it has been selected as preferred bidder for a LNG-to-power project by Malta’s state power utility Enemalta, as the country aims to lower its energy costs.
Liquefied Natural Gas Limited said that its 100% owned subsidiary Magnolia LNG has applied to the United States Department of Energy (DOE) for additional export approvals.
LNG World News Staff, October 20, 2013; Image: GATE