China LNG news
Booming LNG faces big swings in supply-demand balance
BloombergNEF has released its ‘Global LNG Outlook 2019 - 2023’.
Wartsila engines will power China’s first fleet of LNG fuelled PSVs
Wärtsilä has won the contract to supply 40 generating sets for 12 new LNG fuelled platform supply vessels, the first such vessels to be built for a Chinese owner.
ExxonMobil signs LNG agreement with Zhejiang Energy
ExxonMobil has signed a long-term LNG SPA with Zhejiang Provincial Energy Group.
Asian LNG spot market saturated with new cargo offers
After climbing for the past two weeks, Asian LNG spot prices have now suffered another decline.
Toshiba will resume the sale process of its US LNG business
Toshiba Corp. has announced that plans for its US LNG business to be sold to China’s ENN have been scrapped.
Avenir LNG places newbuilding orders at SOE shipyard
Avenir LNG Ltd has signed contracts with Nantong CIMC Sinopacific Offshore & Engineering Co. Ltd for the construction of two new 7500 m3 LNG carriers at its shipyard in Nantong, China, with options to construct two more.
Avenir LNG cancels newbuilding order with Keppel Singmarine
Avenir LNG Ltd has released a statement claiming that it has agreed with Keppel Singmarine to cancel the options to build its third and fourth 7500 m3 LNG carriers at Keppel Nantong.
Hudong-Zhonghua Shipyard and DNV GL sign JDP for world’s largest LNG carrier
DNV GL has announced that it has signed an agreement with Hudong-Zhonghua Shipyard for a joint development project for a new 270 000 m3 LNG carrier – the largest ever vessel of this type.
Seaspan signs LNG framework agreement with COSCO SHIPPING Energy
Seaspan Corp. has announced that it has signed a framework agreement for strategic cooperation with COSCO SHIPPING Energy Transportation Co. Ltd.
China to see gas demand surge in 2019
China’s natural gas demand is expected to grow by 14% in 2019.