After weeks of declines and lows, Asian LNG spot prices are now on the rise, as the low prices have drawn interest from several buyers.
According to Reuters, Atlantic Gulf and Pacific believes it will be able to give approval for two more LNG terminals within the two years.
Well-supplied global LNG market sees demand build for cleaner-burning energy, according to Shell’s latest annual LNG Outlook.
AG&P has announced that it has broken ground on its LNG import facility at Karaikal Port, Puducherry, India.
According to Reuters, three industry sources claim that Gail (India) has purchased an LNG cargo for delivery this month.
According to Reuters, two industry sources have reported that Gail (India) has issued a swap tender to buy and sell LNG cargoes.
AG&P has signed an agreement with ADNOC L&S for the conversion, supply, operations and maintenance of an FSU at AG&P’s new LNG import facility at Karaikal Port in Puducherry, India.
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.