Asian slump darkens world's LNG trade, shipping

Warren R. True Pipeline/Gas Processing Editor The 65,000-cu m LNG Lerici was built by Fincantieri and delivered in 1998 to SNAM to serve the Italian LNG terminal of La Spezia. The vessel derives its name from the village of Lerici in the Golfo di Spezia. (Photograph from Fincantien Shipyard, Genoa, and Ciba Specialty Chemicals, U.K.) The world's LNG industry may have sailed into the doldrums last year, after setting some records in 1997. Economic turbulence in Asia has blown considerable uncertainty over many of the world's LNG projects. That's according to several major studies published in late 1998 that reviewed the world's L...

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