Regasification

Vitol’s future growth will increasingly be driven by gas and LNG, especially in emerging markets, as peak oil demand approaches.

Asian spot prices for LNG edged lower over the past week amid plentiful supply, despite strong oil and coal markets.

Beijing Blue Sky Energy has entered into a three years LNG Supply Agreement with Kunlun Energy Shandong.

Royal Dutch Shell is to fill the majority of Mexico’s demand for six LNG cargoes due to be delivered across May and June following a competitive tender.

Croatia has issued a fresh tender to provide a ship-based import terminal for a planned LNG terminal on the island of Krk in the northern Adriatic.

A planned pipeline connecting Cyprus’ Aphrodite gas field to Egypt’s LNG facilities will cost between US$800 million and US$1 billion.

Offtaker will purchase fixed rate per year.

The increasing connectivity of online devices is enabling better decision-making.

TMC has signed two contracts to supply a total of five marine compressors to a floating storage regasifaction unit that Hyundai Heavy Industries is building for Swan Energy Ltd.

Asian spot prices for LNG firmed over the past week.

Venture Global LNG enters LNG sales and purchase agreement with Galp for 1 million tpy.

British wholesale gas prices retreated on 2 May as anticipated LNG arrivals in France and Belgium, as well as falling coal, weighed on Continental prices.

India asked Japan to help build infrastructure needed to boost the usage of LNG in India and elsewhere in Asia.

LNG terminal at Jaigarh Port to enable development of local port-based industries.

GAIL Ltd is the country’s biggest gas marketing and trading company and owns most of the nation’s pipelines.