China LNG news
Cheniere continues supplying LNG to China
According to Reuters, an executive at Cheniere has revealed that the company’s sole Chinese contract customer continues to take committed LNG supplies.
LNG will be oversupplied until mid-2020
An executive from Japan’s Inpex Corp. is predicting oversupply in the LNG market until mid-2020, at which point they expect demand from southeast Asia and India to pick up.
LNG tanker en route to China diverted due to coronavirus
According to Reuters, an LNG tanker that had been travelling to China has been diverted, most likely due to lower demand caused by the coronavirus situation.
Coronavirus epidemic impacts Chinese LNG demand
Chinese LNG buyers are expecting demand to be severely impacted by the coronavirus epidemic that is currently gripping the country.
Asian LNG prices fall to more than 10 year low
Asian LNG spot prices have dropped to their lowest level in more than 10 years, due to a mild winter impacting on demand.
Beijing Gas granted approval for LNG terminal
Beijing Gas Group has been granted state approval to build its proposed Tianjin LNG receiving terminal.
Asian LNG spot prices fall to new multi-year low
Asian LNG spot prices have fallen to a new multi-year low, with at least one cargo selling for less than US$4 per million Btu.
Sinopec to review LNG deal terms with Cheniere
Sinopec is set to review the terms of a potential US$16 billion LNG supply deal with Cheniere Energy.
PETRONAS signs 12-year LNG supply agreement with Shenergy
PETRONAS, through its subsidiary, PETRONAS LNG Ltd, has signed a heads of agreement with Shenergy Group Co. Ltd to supply approximately 1.5 million tpy of LNG to its Wuhaogou receiving terminal in China.
Chinese demand surge for US LNG unlikely under tariffs
According Reuters, there is unlikely to be a surge in Chinese demand for US LNG while tariffs remain in place, despite the signing of a new energy purchasing agreement.