LNG Shipping

After weeks of declines and lows, Asian LNG spot prices are now on the rise, as the low prices have drawn interest from several buyers.

According to Reuters, data shows that India is set to import record LNG volumes this month.

GTT has received LNG carrier tank orders from Hyundai Samho Heavy Industries and Hyundai Heavy Industries.

GTT has announced that it has acquired 100% of the share capital of Marorka from its owners and management team.

Well-supplied global LNG market sees demand build for cleaner-burning energy, according to Shell’s latest annual LNG Outlook.

Gasum Group has released its 4Q19 results and reported a positive outlook for the gas market.

The Republic of the Marshall Islands and the Government of Belgium have awarded Interim DoC to ETM, permitting it to manage Excelerate’s entire FSRU fleet.

Ingeteam have signed a contract with Yantai CIMC Raffles Offshore for the hybrid electric propulsion system delivery of two Ro-Ro vessels.

Polskie LNG has posted on social media, claiming that its terminal in Swinoujscie, Poland, has received its 84th LNG delivery to date.

Australia’s competition watchdog has forecast that Eastern Australia will have an ample supply of natural gas in 2020, although prices will still be higher than expected.

According to Reuters, Indian Oil Corp. is looking to purchase an LNG cargo for delivery in April.

PETRONAS has announced that its subsidiary, PETRONAS LNG Ltd, has signed a 12-year time charter party with Kawasaki Kisen Kaisha Ltd for two mid-sized newbuild LNG vessels.

According to Reuters, three industry sources claim that Gail (India) has purchased an LNG cargo for delivery this month.

According to Reuters, PTT – the state-owned Thai energy company – is currently seeking one or two LNG cargoes for delivery over February to March.

Declining Chinese LNG demand, due to the Coronavirus epidemic, has led to Asian spot prices falling to new lows.