Regasification

The spot price of LNG imported into Japan fell to US$6.5/million Btu in February 2016.

Reuters reports that a new LNG trading desk is being established by Switzerland-based MET International AG.

Bloomberg reports that Japan’s Shizuoka Gas Co. will be ready to begin LNG reloading operations at its Sodeshi terminal in April 2016.

The Board of AB Klaipedos Nafta has announced that the company’s shareholders have approved the decision to enter into an EPC contract for the proposed Klaipeda LNG reloading station.

Andrew Bout, Eka Software, Canada, discusses the important role that energy trading and risk management software plays in the LNG supply chain.

Fortum has released a statement claiming that it has completed the acquisition of 93.35% of shares in the polish gas and electric sales company, Grupa DUON S.A.

EGAS has made payments to LNG suppliers for the first time since the payment terms for deliveries were extended in December 2015.

RasGas has delivered its 500th long-term LNG cargo delivery to CPC Corp., Taiwan.

Klaipedos Nafta’s LNG terminal regasified 352% more natural gas in February 2016 compared to the corresponding period of last year.

ENGIE has announced that it has signed a Memorandum of Understanding with Gas Natural Atlántico, under which it claims it will supply LNG to the Costa Norte terminal in Panama for a 10-year period.

Micoperi has announced that it has been selected by Quantum Power to be the engineering, procurement and construction contractor for the Tema LNG facility in Ghana.

Lloyd’s Register Consulting has introduced its first phase of its latest JIP aimed at resolving a long-term industry issue that could save the industry billions of dollars in costly downtime, possible injury claims and damage to the environment.

Tokyo Gas Co. Ltd has announced that it has signed a Heads of Agreement with Diamond Gas International Pte. Ltd for the sale and purchase of LNG from the Cameron LNG project.

Flogas Britain has announced a new multi-million pound investment in its LNG distribution fleet, giving it the largest commercial LNG distribution fleet in Britain.

Origin has signed a non-binding agreement to supply LNG to ENN.