Royal Dutch Shell is close to bagging a deal to supply Hong Kong with LNG, beating out major competitors for the right to be the first company to supply LNG to the city.
Japan’s Osaka Gas has so far not bought LNG cargoes to replace supplies from the shutdown of ExxonMobil Corp’s Papua New Guinea project.
Vitol is targeting Southeast Asia’s booming LNG markets to boost sales and catch up with rival commodity traders by developing import projects in Pakistan and Bangladesh.
More Regasification news
Energy executives say the Trump administration’s proposed steel and aluminium tariffs could bump up the cost of big-ticket projects needed for rapidly rising US gas output.
Global natural gas markets were roiled last week as an earthquake in Papua New Guinea caused a large-scale supply disruption of LNG.
A LNG tanker bound for Papua New Guinea from Taiwan has diverted to Singapore following a powerful earthquake that has halted LNG supply from the country.