LNG

Taiwan is considering increasing its liquefied natural gas (LNG) imports from the US from 10% to 30% to help reduce the bilateral trade deficit. Economics Minister Kuo Jyh-huei said this shift is part of a broader plan involving state-backed purchases....

The U.S. removed a regulatory hurdle for LNG export projects by rescinding a policy that required exports to non-FTA countries to begin within seven years of approval. Introduced in April 2023 under President Biden, the policy mandated specific criteria for...

South Korea’s shipbuilding industry is experiencing a historic surge in LNG carrier orders, with 276 vessels worth $71.3 billion on order, making up 52% of total shipbuilding tonnage. QatarEnergy has been a key driver, expanding its LNG fleet to support...

Avenir Ascension will become the first bunker vessel to run entirely on bio-LNG throughout 2025, cutting CO2 emissions by over 3,500 tonnes annually. Starting April 1, 2025, Avenir LNG aims to support sustainable maritime fuels and meet rising demand for...

Taiwan’s CPC Corporation signed a letter of intent with Alaska Gasline Development Corporation (AGDC) to invest in the $44-billion Alaska LNG project and purchase LNG from it. The deal, supported by Alaska Governor Mike Dunleavy, aims to enhance Taiwan’s energy...

CTCI, in partnership with Japan’s IHI Plant Services, has secured a NT$26.6 billion (€28 million) EPC contract to construct four LNG cryogenic storage tanks for CPC Taiwan at the Kaohsiung Intercontinental LNG Terminal. Each tank will have a capacity of...

Hanwha Ocean secured a $1.6Bn contract from Evergreen Marine to build six 24,000-TEU LNG dual-fuel container ships, marking their first collaboration. The deal strengthens South Korea’s shipbuilding industry amid competition from Chinese yards. Hanwha Ocean, a leader in ultra-large container...

Woodside has signed a 15-year LNG supply agreement with China Resources Gas, delivering 0.6 million tonnes annually from 2027. This marks Woodside’s first standalone long-term LNG deal with a Chinese customer and China Resources’ first 15-year LNG procurement agreement. Woodside’s...

Global LNG demand is expected to rise by 60% by 2040, driven by Asia’s economic growth, industrial decarbonization, and AI expansion, according to Shell’s LNG Outlook 2025. LNG trade grew modestly in 2024 due to limited new supply, but over...

Taiwan’s state-run CPC Corporation plans to import more liquefied natural gas (LNG) from Alaska to help reduce its trade surplus with the U.S. and diversify energy sources. CPC Corporation, which already imports gas from 14 countries, including the U.S., is...