HK's 1st LNG import terminal goes into service
HK's 1st LNG import terminal goes into service
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Natural Gas News
HK's 1st LNG import terminal goes into service
Summary
The floating terminal has received the first cargo under a long-term deal with Shell. [Image: CLP Power/HK Electric] by: Shardul Sharma
CLP Power Hong Kong (CLP Power) and The Hongkong Electric Co. (HK Electric) on July 13 announced the operational launch of Hong Kong's first offshore LNG t...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.