Congo: Eni, Lukoil, and SNPC ink LNG sale and purchase agreement in a ‘significant milestone’

Congo: Eni, Lukoil, and SNPC ink LNG sale and purchase agreement in a ‘significant milestone’

Courtesy of African Energy Chamber

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Global Industry: Anadarko posed to be one of the huge LNG winners

Global Industry: Anadarko posed to be one of the huge LNG winners

One thing that is almost universally agreed upon in the energy world is that the future for liquefied natural gas (LNG) is tremendous. LNG is natural gas that has been cooled to a liquid state, at about −260° Fahrenheit, for shipping and storage. The volume of natural gas in its liquid state is about 600 times smaller than its volume in its gaseous state.

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Global Markets: “Global LNG supply to rise by 35 million tonnes in 2019” – Shell

Global Markets: “Global LNG supply to rise by 35 million tonnes in 2019” – Shell

Strong demand for cleaner-burning fuel in Asia continued to drive rapid growth in liquefied natural gas (LNG) use in 2018, with global demand rising by 27 million tonnes to 319 million tonnes, according to Shell’s latest annual LNG Outlook.

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