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Golar LNG Ltd. Message Board

  • play_tow play_tow Jan 21, 2013 5:02 PM Flag

    GLNG Wins Contract for LNG purchase and off-Take

    BC consortium today announced that GLNg and it's partner have won the contract to purchase an and off-take the production of planned Canadian LNG terminal, beginning early 2015. The details of terms not yet finalized....though early discussions indicated that GLNG would dedicate at least 2 of it's new builds to the off-take.

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    • No doubt lots of growth potential in lng. Not easy to tell short term how the shipping market does but longer term lng is a fuel of the future. China, Japan facing air pollution and less nuclear energy respectively are going to be demanding more lng. given the yield easy to hold waiting for the growth in earnings. jmho

      • 1 Reply to manylumen
      • One can expect growth in lng and nat gas demand world wide especially in Asia. Difficult to tell how much shale nat gas China has and how difficult it would be to develop and get to where it is needed. Having said all that the coming age of more nat gas as transportation fuel and even in heavy equipment has to be a +ve for lng demand. the 6:1 ratio of oil to gas price is long gone now. I do wonder if the increased sales of autos in China and India will also lead to cng cars. No doubt with air pollution issues China has to be looking at nat gas cars and trucks for city bound vehicles.

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