Some weeks ago I commented upon some expert opinions that were uttered at a conference in Singapore. As usual, I may have been slightly quick in some of my own opinions, so I encourage you to read the comment submitted by one of the quoted gentlemen, Mr Tony Regan.

Last week, I attended a LNG forum in Hong Kong, which was chaired by above mentioned Mr Regan. The forum was introduced by Mr Regan stating that the LNG industry is moving from an era of evolution into an era of revolution. It may have been something of a half joke, but the statement was nicely substantiated throughout the forum discussions:
- More spot trade: The volume of LNG changing hands on short term contracts keeps increasing. This will have an impact on LNG price formation, LNG shipping terms and rates, terms&conditions for sales and purchase agreements, and more. The uncertainty appears to be how much of an impact? and how soon?
- New sources of export: Shale gas, CBM, arctic. How much? how fast? And what will the impact be on availability and price of LNG?
- Floating: It has been researched for several decades, in fact for almost half a century, but finally we seem to see the beginning of an era of floating LNG production. Indications are it will be cheaper. Ten years from now, will floating solutions be the default?
- Downstream applications. We are quite familiar with it, here at this blog, so this time I will spare you details. Suffice to say, LNG will become a major fuel for trucks and ships!

That was last week, this week is World Gas Conference in Kuala Lumpur. I will make sure to report from the event towards the end of the week. In the meantime, the hashtag #WGC2012 on Twitter should provide the most interesting updates.

Just had the share a photo of the phenomenal venue for the World Gas Conference: Petronas Twin Towers.