Regasification

Peter Kiernan, The Economist Intelligence Unit (EIU), UK, explains why Asia remains key for future LNG market growth, despite a bearish outlook in the short-term.

According to Reuters, PGNiG has confirmed that it is not planning on purchasing any LNG spot cargoes in July 2016 through its new 3 billion zloty terminal in Swinoujscie, Poland.

GlobalData’s latest report suggests that North America will drive liquefaction capacity growth in the LNG industry.

Gazprom has signed agreements to help stimulate the growth of Bolivia’s energy market.

Research from McKinsey Energy Insights suggests that LNG oversupply could last until 2024, unless low prices can stimulate a demand recovery.

Gazprom and Gasunie officials recently met to discuss infrastructure projects and cooperation in the small scale LNG sector.

Kinder Morgan has contracted ABS Group to develop a maintenance and integrity program for the Elba Island LNG Project.

Gaz-System S.A. has confirmed that the Swinoujscie LNG terminal has been granted an operating permit.

Energy World Corp. Ltd has announced that it has achieved a drawdown of funds of approximately US$32 million under the financing document for its LNG hub terminal in Pagbilao in the Philippines.

According to Reuters, India has recommenced discussions with Japan and South Korea regarding an LNG purchasing alliance.

The Cap des Biches power plant has been inaugurated in Senegal.

Klaipedos Nafta has allocated LNG regasification capacities to UAB Lietuvos duju tiekimas and UAB Litgas.

Patrick Janssens, Vice President, Global Gas Solutions at ABS, outlines the benefits of FSRUs.

Enagas has announced that, acting through its subsidiary, Enagas Chile, it has acquired a further stake in a Chilean regasification facility.

Shizuoka Gas Co. Ltd has released a statement claiming that it has entered into an LNG sale and purchase agreement with Shell Eastern Trading (Pte.) Ltd for LNG reloaded at the Shimizu LNG terminal.