Regasification

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.

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.