China LNG news

LNG2019 has released a statement claiming that the heads of the big three Chinese energy giants will address the opening ceremony of the event.

China has held onto its position as the world’s second largest importer of LNG, buoyed by back-to-back record months to end 2018.

Sonatrach and CHEC have signed a contract for the extension of the Skikda oil port to include an LNG marine jetty and port infrastructure.

Amid low Asian demand, PetroChina is selling spot LNG cargoes from Yamal LNG to Europe.

China’s CNOOC is currently storing LNG offshore South Korea, as warmer than average weather impacts spot demand.

The ‘3Q18 long-term LNG contracts review – Qatar signs the biggest LNG contract’ report has been added to ResearchAndMarkets.com’s offering.

Asian spot LNG prices are currently at an eight month low as mild winter weather persists.

Wood Mackenzie is forecasting that 2019 will see a record-breaking 60 million tpy of LNG production capacity be approved.

Nick Prowse and Penny Cygan-Jones, Norton Rose Fulbright LLP, UK, consider the global outlook for the LNG industry, with a focus on recent developments in the US, Asia, Australia, South Africa and Africa.

LNG buyers’ willingness to commit to new long-term contracts has increased significantly during 2018 amid expectations of a tighter LNG market.