LNG price drop spurring demand
LNG prices falling to the lowest in a decade last year spurred fresh demand while suppressing investment in new production.
Regasification
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Asian LNG prices dip on output
Asian spot liquefied natural gas prices fell from a two-year high this week.
Petronet LNG expects terminal to be at 40% capacity by 2019
The Kochi terminal will supply LNG to the western state of Karnataka.
Egyptian gas market set to undergo major change
Wood Mackenzie has announced that Egypt’s gas market is set to undergo profound changes within the next five years, and claims that these could impact the global LNG market, with Egypt positioning itself as a prominent seasonal player.
European Commission approves LNG project in Malta
The project comprises the development of a FLNG storage unit and a new combined cycle gas fired power plant.
Brazilian alumina refinery to convert to natural gas
Hydro has signed an LoI with the state of Pará and an MoU with Shell Brasil Petróleo LTDA to replace a portion of its current fuel oil consumption at the Alunorte alumina refinery in Brazil with natural gas.
US shifts LNG exports to Asia
The biggest divergence between US and Asian gas prices in a year has created an opportunity for tankers delivering LNG.
CNOOC disruption comes at a bad time
Pipeline disruption comes at a bad time for CNOOC given the cold snap fueling gas burn in northern China.
Excelerate completes sale and leaseback of FSRU
Excelerate Energy has announced that it has completed the long-term sale and leaseback of the Experience FSRU with a wholly owned subsidiary of CMB Financial Leasing Co.
China’s bid for cleaner air
China is becoming more dependent on overseas natural gas as it seeks to wean itself off coal.
Europe left in cold
Europe will have to pay a premium to stay warm as the year has starts off with a cold snap.
Second jetty opens at Zeebrugge LNG terminal
Fluxys has announced that the second jetty at the Zeebrugge LNG terminal has officially opened, with Coral Energy becoming the first LNG carrier to berth at the jetty for a commercial loading.
Kogas December sales grow
Korea Gas Corporation (KOGAS) has announced that local gas sales in December rose 9.6% from a year earlier.
CNOOC diverts two LNG cargoes following pipeline fire
According to Reuters, CNOOC – the Chinese state-owned energy company – has diverted two LNG cargoes following a pipeline fire in Tianjin, northern China.
Japan receives first LNG cargo produced in lower 48 US states
JERA Co. Inc. has announced that an LNG cargo produced in the lower 48 US states has arrived at Chubu Electric Power Co.’s Joetsu LNG terminal, marking the first import of US LNG into Japan.