Regasification

The global glut plaguing LNG markets may start to dwindle in five years according to a new report.

GAIL and Petronet rose as much as 4% in early trade, on reports of the government renegotiating LNG import pricing with Australia.

Asian spot LNG prices rose to their highest since mid-February this week.

Prices for LNG spot cargoes for Japan hit a five-month high in August.

The Japan Bank for International Cooperation has announced that it has signed a memorandum of understanding with Gazprom.

According to Reuters, India has renegotiated the price of LNG from the Gorgon project in Australia, in order to make it more affordable for price-sensitive domestic customers.

King & Spalding has released a statement claiming that it represented Mitsui O.S.K. Lines on its agreements with Swan LNG for an LNG terminal to be developed in Gujarat, India.

Santos and its Gladstone LNG joint venture partners will supply 30 PJ of gas to customers including power companies on the country’s east coast over the next two years.

Gazprom has also clarified certain provisions in the memorandum of understanding it signed with the JBIC last year.

South Korea is lining up plans to lift its power production capacity by up to a tenth by 2030.

Asian spot LNG prices for October delivery edged up by 5 cents last week.

PGNiG announced on 4 September that it will buy LNG from Norway’s Statoil on the spot market this month.

Vitol SA has announced that it has entered into a multi-year LNG sales agreement with Angola LNG Ltd.

DNV GL’s inaugural Energy Transition Outlook announces findings.

Mitsui O.S.K. Lines Ltd has announced that it has signed agreements with Swan LNG Private Ltd regarding an LNG receiving terminal project in India.