There were a total of 525 vessels in the LNG fleet by the end of 2018, including those vessels actively trading, sitting idle available for work, and acting as FSRUs. Of the total global LNG leet, there are 31 FSRUs and five floating storage units. The overall global LNG fleet grew by 11.5% in 2018, as 53 carriers were added to the fleet, including four FSRUs.
The global LNG fleet growth was matched by 26.2 MTPA of new liquefaction capacity in 2018.
The Republic of Korea Assumes Presidency of the International Gas Union
Prof Joo-Myung Kang of The Republic of Korea named IGU President from 2018-2021,
at this week’s World Gas Conference in Washington DC
Washington, D.C., June 26, 2018 – The Presidency of the International Gas Union (IGU) for 2018-21 was today officially assumed by the Republic of Korea.
Prof Joo-Myung Kang of the Republic of Korea was officially named President of the IGU at the 27th World Gas Conference in Washington, D.C., taking over from David Carroll of the United States. The landmark event for the Natural Gas Industry is held every three years in the country holding the Presidency of the IGU. The event features influential speakers from within and outside the gas industry, along with key policy makers who present their views on the most important strategic, commercial and technical issues and opportunities facing the natural gas industry.
“The Republic of Korea assumes the Presidency of an organization and an industry that is as strong as it has ever been,” said Joo-Myung, the new IGU President. “Under our leadership, the industry will build on the great work that has already been done under the USA and prior presidencies and intensify our collective efforts in advancing the role of natural gas in a sustainable energy future.”
The next instalment of the WGC will take place in Korea in 2021, where the theme will be ‘‘A Sustainable Future – Powered by Gas’’. This will serve as the culmination of three areas of strategic focus by the Korean presidency: Environmental Leadership; Market Vitality; and Value Creation.
Madam Li Yalan of the People’s Republic of China has been named Vice President of the IGU. She will serve in that role before assuming the Presidency of the IGU following the 28th Korea WGC in 2021.