Image courtesy NYK
On May 31, the liquefied natural gas (LNG) carrier Diamond Gas Crystal, was delivered, built to transport LNG from LNG Canada project in British Columbia, as well as from other locations around the world, under an 18-year time-charter contract with Diamond Gas International Pte. Ltd., a wholly owned subsidiary of Mitsubishi Corporation (MC) who also has a stake in the LNG Canada project.
The ship was built at Hyundai Samho Heavy Industries and is owned by NYK, Asia LNG Transport Dua Sdn. Bhd. (ALT Dua), and MC through the joint venture Diamond LNG Shipping 5 Pte. Ltd. The NYK Group will be responsible for ship management.
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Woodside, Santos Report Jump in 2020 LNG Sales Despite Pandemic
Two of Asia’s leading liquefied natural gas (LNG) suppliers said sales jumped significantly last year despite a pandemic that curbed global energy consumption.
Woodside Petroleum Ltd., Australia’s largest natural gas producer, said its annual LNG sales increased in 2020 year/year to 81.2 million boe from 75.3 million boe. Santos Ltd., the country’s largest domestic gas supplier, reported a similar upward trend. LNG sales hit a record 4.3 million tons (Mt) last year compared with 2.3 Mt in 2019.
Woodside and Santos also reported record annual oil and natural gas production last year, but revenue slid for both companies as commodity prices declined across the board from the economic impacts of Covid-19. But management at both companies said the outlook is improving.
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