LNG tankers carrying US LNG are bound for China after Beijing announced that it would be granting tax waivers to some importers.
Asian LNG spot prices have increased marginally from the recent record lows as Chinese buyers have begun re-entering the market.
Sinopec has started building LNG tanks as part of the second phase of its Tianjin LNG terminal project.
Qatargas Operating Co. Ltd. has announced the delivery of the first cargo of LNG on a Q-Flex vessel to the ENN Zhoushan LNG receiving terminal in China.
An LNG tanker is en route to China from the US to make the first delivery of this kind since March 2019.
Asian spot LNG cargo prices have risen for a third straight week, as Chinese demand continues to recover.
Asian LNG spot prices have risen as supply has constricted, primarily due to a lack of available cargoes and coronavirus.
PetroChina has suspended some of its natural gas contracts, including both LNG and pipeline imports due to the compounded impact of declining demand and coronavirus.
Rob Patterson and Myles Mantle, UK, and Liza Mark, China, Haynes and Boone, take an in-depth look at the Chinese LNG market.
According to Reuters, three LNG cargo shipments have been delayed from the Tangguh LNG project in Indonesia due to the coronavirus outbreak.