Regasification - 11 September 2017

The global glut plaguing LNG markets may start to dwindle in five years according to a new report.

GAIL and Petronet rose as much as 4% in early trade, on reports of the government renegotiating LNG import pricing with Australia.

Asian spot LNG prices rose to their highest since mid-February this week.

Prices for LNG spot cargoes for Japan hit a five-month high in August.

The Japan Bank for International Cooperation has announced that it has signed a memorandum of understanding with Gazprom.

According to Reuters, India has renegotiated the price of LNG from the Gorgon project in Australia, in order to make it more affordable for price-sensitive domestic customers.