China LNG news
2019 set to break record for new LNG capacity
Wood Mackenzie is forecasting that 2019 will see a record-breaking 60 million tpy of LNG production capacity be approved.
Global LNG outlook for 2019
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.
Tightening LNG market sets the scene for a major shortfall
LNG buyers’ willingness to commit to new long-term contracts has increased significantly during 2018 amid expectations of a tighter LNG market.
130 LNG tank containers shipped to northern China
CIMC has announced that, in a first for the industry, 130 LNG tank containers have been delivered from the Port of Yangpu of Hainan Province to the Port of Jinzhou, China.
Strong Chinese LNG demand improving Hoegh LNG’s outlook
Hoegh LNG is expecting to extend its contract with CNOOC and to sign additional deals.
Asian LNG spot prices brought down by lower oil prices
Asian LNG spot prices have experienced a 10% slide this week to a more than three month low due to declining oil prices.
Chinese industrial gas demand experiencing sharp decline
Industrial gas demand in Northern China is experiencing a sharp decline as small factories are receiving fewer export orders.
South Korea corners the LNG tanker newbuild market
South Korean shipbuilders have outbid competitors and secured all orders for large LNG carrying vessels for the next three years.
CNOOC receives first LNG cargo from Yamal
According to Reuters, China National Offshore Oil Co. (CNOOC) has successfully received its first LNG cargo from the Yamal LNG project in Russia.
Linde awarded contract for largest LNG plant in China
The Linde Group has been awarded a contract from Inner Mongolia Huineng Coal Chemical Co Ltd. to supply a mid-scale LNG plant near Beinichuan in Inner Mongolia.