Regasification

Commodities were a big casualty of the escalating trade war between the US and China, but are now set to be a major beneficiary of Beijing’s pledge to import more American goods.

Japan received its first shipment of LNG on 21 May from Dominion Energy Inc’s newly completed Cove Point export plant.

PetroChina has curbed supplies of the fuel to some industrial users in northern and western regions.

Asian spot LNG prices spiked this week amid a flurry of buying interest from buyers in China, Pakistan, South Korea and India.

Growing coalition continues to advocate for collaboration of commercial and technical expertise to realise LNG’s full potential as a safe, clean, and economically viable marine fuel.

Japanese city gas supplier Osaka Gas says its subsidiary has won consulting work for LNG terminals planned by Taiwan’s state-owned CPC Corp and Taiwan Power Co.

Chinese gas distributor ENN is seeking a commissioning cargo for the country’s first privately owned LNG import terminal.

The US Commodity Futures Trading Commission issued a report assessing the market impacts due to the US transitioning from being a net importer to a net exporter of LNG in 2016.

Bangladesh has terminated talks with Trafigura to install a small FLNG import terminal due to delays in agreeing terms, while rival trader Gunvor advances with a separate project.

The very first Laby®-GI Compressor of Burckhardt Compression was used as a minimum send-out compressor.

Summer LNG send-outs from European terminals seen rising.

The gas market is being flipped upside down.

Buyers of LNG are no longer balking at long-term contracts, but they want to spread their risk by signing smaller volume deals with multiple producers.

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.