The Green Corridor Joint Industry Project (JIP) has concluded with the delivery of a LNG-fuelled Newcastlemax design for a VLOC.
China has set a 10% tariff on US LNG imports, undermining President Trump’s drive to establish the US as a global energy leader.
BNEF are predicting that Asia will play a more dominant role in driving LNG demand, and demand growth in Europe will be challenged by competition.
Qatari Energy Minister Mohammed al-Sada is expecting Chinese demand for LNG to grow by 20 – 25% in 2018.
The Gas into Motors NGV rally across China, Kazakhstan and Russia, powered by LNG, recently opened in Rudong.
Changfeng Energy Inc. has announced its interim results for the six months ended 30 June 2018 (1H 2018).
Asian spot LNG prices have risen for the second straight week and reached their highest point in over two months.
Changfeng has entered into a LNG supply agreement with two manufacturers in Wenchang City, Hainan Province, PRC.
According to Reuters, Sinopec Corp. and Zhejiang Energy Group Co. Ltd are jointly working to develop a 3 million tpy LNG receiving terminal in eastern China.