LNG spot prices for Asia have risen to a new eight-month high, as demand for pre-winter cargoes emerges.
China’s Yantai Port Group is aiming to launch two LNG storage facilities by 2022, for which the group is expecting to receive government approval for the facilities this month.
CNOOC is looking to secure new charters for LNG tankers to replace its previously chartered vessels linked to COSCO Shipping Tanker (Dalian).
Kunlun Energy, a unit of PetroChina, has announced its plans to complete repairs at its Rudong LNG import terminal by mid-November.
Novatek has released a statement in response to the recent US Department of the Treasury’s OFAC order regarding sanctions against COSCO and its partners.
Sempra LNG has entered into a memorandum of understanding with China Three Gorges Corp. regarding a potential LNG supply deal.
US sanctions on COSCO have hit the LNG tanker industry, as Teekay LNG’s shipping joint venture in Russia has been blocked due to its ties to the company.
Sempra Energy has announced an agreement to sell its stake in Luz del Sur in Peru to China Yangtze Power International.