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High LNG Demand Puts Samsung Heavy Industries on a Roll

High LNG Demand Puts Samsung Heavy Industries on a Roll

Samsung Heavy Industries is on a roll, having netted roughly $12 billion in sales in 2021 and $9.4 billion in 2022 — the same goal for 2023. Asia and Europe are thirsty for the liquefied natural gas its ships carry, mainly because their domestic manufacturers are paying high prices for natural gas.
Can European Industry Wean Itself From Russian Natural Gas?

Can European Industry Wean Itself From Russian Natural Gas?

McKinsey & Company says European industrials reduced their demand by 25 billion cubic meters of natural gas in the wake of Russia's invasion of Ukraine. But it adds that China and India could replace that by consuming 35 billion cubic meters, which they get at a discount.


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