During these unprecedented times, mining operators are learning to navigate through many challenges because of the COVID-19 pandemic. Last year, mining operators pursued resiliency, investor confidence, environmental, social, and governance (ESG) performance, and capital and operational discipline. Moving forward in 2022, these megatrends will still be relevant to the mining industry with some added complexities […]
2022 LNG Outlook: Streaming into the roaring twenties
The global LNG market showed strong even if tumultuous growth during 2021. Demand rebounded post-COVID driven by easing restrictions, a long and cold winter, and intensifying decarbonization efforts. Record-low inventories and damp supply growth resulted in a tight LNG market that will continue well in 2022. China surpassed Japan as the largest buyer of LNG […]
Petronas Starts-Up While Other FLNG Projects Struggle
Earlier this year, Petronas launched the world’s first floating liquefied natural gas (FLNG) vessel, PFLNG 1. The vessel is capable of producing 1.2 mtpa of LNG and is located offshore in the Kanowit field ~115 miles southwest of Malaysia. PFLNG 1 marks the first of what could be many FLNG projects worldwide. However, falling oil […]