According to the International Group of LNG Importers (GIIGNL) publication, “The LNG industry: GIIGNL annual report 2018,” global LNG trade has increased from approximately 264 MMtpy in 2016 to nearly 290 MMtpy in 2017.
As the world’s hydrocarbon appetite continues its rapid turn toward lighter fare (e.g., natural gas for power generation, transportation and industry), massive, near-term investments in global, capital-intensive, fully digitalized LNG infrastructure are needed.
Alkanolamines have been used for acid gas removal from natural gas for several decades.
As global liquefied natural gas (LNG) trade continues to rapidly expand, the challenge of liquefaction process selection—a key element of an LNG project—becomes increasingly important.
A dramatic acceleration of a trend toward smaller volumes and shorter tenures for LNG contracts in 2017 highlights the growing commoditization of the global LNG market, even as it raises troubling questions about future supply.
Industrial digitalization is changing the standards for operator training in the global process industry.
Petrochemicals and gas processing/LNG sectors see largest increase in new projects.
According to Hydrocarbon Processing’s Construction Boxscore Database, nearly 450 downstream projects are under construction around the world.
Oil and gas professionals are well aware of the pressures companies face in the market.
According to Hydrocarbon Processing’s Construction Boxscore Database, Asia, the Middle East and the US contain 66% of all active downstream construction projects globally.