Toshiba Corp. has announced that plans for its US LNG business to be sold to China’s ENN have been scrapped.
JERA has signed an agreement with Mitsubishi Corp for 16 cargoes of LNG from the LNG Canada project.
The CEO for Commonwealth LNG recently spoke in Japan about the need for innovation in designing and building future LNG liquefaction plants.
Asian LNG spot prices have now broken the US$5.00 per million Btu mark, a result of a lack of growth in demand and continued high levels of supply.
According to Reuters, data released by Japan’s Ministry of Economy, Trade and Industry has shown that the average contract price for spot LNG cargoes delivered to Japan in February this year fell to its lowest level since September 2017.
Mitsui O.S.K. Lines has announced the delivery of the LNG-fuelled tugboat it ordered from Kanagawa Dockyard.
Asian LNG spot prices have continued to decline, as inconsistent demand is yet to make a dent in the oversupplied state of the market.
Toyoda Gosei Co. Ltd has announced that it has installed LNG heating and cooling equipment at its Seto plant, which manufactures automobile interior and exterior products.