#LNG
Total 4 articles
Russia is delaying its 100-million-ton LNG production target due to Western sanctions, according to Reuters. This could fuel global supply uncertainty and bolster market share for competitors.
In November, Russia's LNG shipments to China soared by 142.6%, making it a top supplier. The surge, fueled by the sanctioned Arctic LNG 2 project, saw Australia's market share decline, highlighting a major shift in global energy flows.
A Chinese-owned tanker, the Kunpeng, has loaded the first LNG cargo from Russia's sanctioned Arctic LNG 2 plant, testing the effectiveness of U.S. sanctions and potentially impacting global energy markets.
South Korea has launched a government-industry partnership to develop proprietary LNG cargo tank technology, aiming to reduce its dependence on foreign firms and cut trillions of won in licensing fees.