Regasification

Japanese power companies consumed 5.20 million t of LNG for power generation in December, up 7.7% from a year ago.

The cargoes will be sold based on the US benchmark Henry Hub gas price.

The tender closes on 29 March and is valid until 30 March.

Russia’s top independent gas producer Novatek shipped its first LNG cargo to India on 27 March.

In a new insights video released today by Baker Botts L.L.P., Steven Miles, Chair of the LNG Practice, examines the key global LNG trends over the past twelve months.

Vitol nearly tripled traded volumes of LNG in 2017 to 7.4 million tpy.

China’s LNG imports fell in February from a record high in January.

British wholesale gas prices declined on 22 March, driven by forecasts for milder weather and a boost to British supplies from the arrival this month of two LNG vessels.

While China seeks more natural gas to meet booming demand from the government's clean-air drive, one part of the fuel’s supply chain is not growing fast enough.

New coalition creating a strategy to build up import terminals.

Britain has rebuffed calls from the gas industry for an urgent review of the country’s gas storage capacity after a cold snap this month triggered warnings of supply shortages.

Royal Dutch Shell is close to bagging a deal to supply Hong Kong with LNG, beating out major competitors for the right to be the first company to supply LNG to the city.

Japan’s Osaka Gas has so far not bought LNG cargoes to replace supplies from the shutdown of ExxonMobil Corp’s Papua New Guinea project.

Vitol is targeting Southeast Asia’s booming LNG markets to boost sales and catch up with rival commodity traders by developing import projects in Pakistan and Bangladesh.

The company is seeking one cargo for 10 – 20 April delivery and another for delivery over 20 April to 2 May.