Regasification

Hexagon Lincoln has been awarded a contract to supply high-pressure CNG TITAN® tanks for fuel storage onboard a LNG gas supply vessel being built for Babcock Schulte Energy.

Soaring gas demand from China, India and Southeast Asia is sucking up an LNG supply glut previously expected to last for years.

Korea Gas Corp’s move to seek arbitration over the terms of a LNG contract comes as Asian buyers are putting pressure on producers to grant more flexible supply terms.

A dramatic acceleration of a trend toward smaller volumes and shorter tenures for LNG contracts in 2017 highlights the growing commoditisation of the global LNG market.

A move by Korea Gas Corp to seek arbitration over the terms of a LNG contract could herald a shake-up of the region's LNG market.

Cheniere has two 0.7 billion ft3 per day units under construction at Corpus Christi and one at Sabine Pass.

KOGAS announced that domestic gas sales rose 20.4% in January from a year earlier.

South Korea’s Korea Gas Corp is seeking to settle a dispute over a LNG contract that expired in 2016.

The policy also seeks to boost domestic production through rollbacks of environmental regulations and expanded energy leasing in federal territories.

Asian spot LNG prices rebounded this week as persistently cold weather in North Asia forced buyers to enter the spot market to replenish inventory.

India has four terminals to receive LNG and imports around 20 million tpy.

A 5 million tpy LNG import terminal at Mundra on the west coast of India will likely be operational in April or May.

AB Klaipedos Nafta release preliminary activity and revenue results for the January 2018.

China’s natural gas production is rising at the fastest pace in four years.

Asian spot LNG prices eased further this week on expectations of reduced buying.