Regasification

Excelerate Energy has announced that it is prepared to help a consortium of Engro, Fatima and Shell to deliver a proposed floating LNG terminal and second FSRU to the Pakistan market.

PT Jawa Satu Power has entered into a long-term power purchase agreement with PT PLN (Persero) for the sale of electricity in respect of a project to construct, own and operate a gas-fired power plant and FSRU for electricity sales to PLN.

Flex LNG has announced that Thomas Thorkildsen has joined the company as Senior Vice President, Business Development, effective immediately.

Mitsubishi Heavy Industries Marine Machinery & Engine Co. Ltd has delivered a regas boiler to Hyundai Heavy Industries Co. Ltd for an FSRU developed by Höegh.

AG&P and Hindustan LNG have signed a memorandum of understanding to supply tolled gas to power stations in the East Godavari region of Andhra Pradesh, India.

According to Reuters, Elengy has received an LNG cargo at its Fos terminal in France, and expects to receive an additional six cargoes in February.

Japan's LNG purchases dropped for a second year as an energy crisis brought on by the 2011 Fukushima disaster eased.

Wison Offshore & Marine has announced that the world’s first barge-based floating storage and regasification unit has successfully undocked from the company’s dry-dock in Nantong, China.

Asian spot LNG prices have fallen sharply.

China's LNG imports hit a record high in December, driven by the nation’s push towards cleaner fuels.

Oversupply will persist into the mid-2020 dampening the intrinsic value of LNG contracts.

Pakistan LNG launched a five-year supply tender and a 15-year tender last year to purchase 240 shipments of LNG.

According to Reuters, Pakistan LNG has signed agreements with Gunvor and Italy’s Eni for LNG shipments.

Bangladesh is likely to land 3.75 million t of LNG at an estimated cost of US$2.28 billion.

In the increasingly competitive world of Japan’s energy market, there may be safety in numbers.