Asia will reportedly lead the global LNG regasification industry in capacity growth from newbuild projects by 2023, says GlobalData.
According to Reuters, low LNG spot prices are having little impact in Asian markets, while the European import market has seen a significant boost.
According to Reuters, Tohoku Electric Power – a Japanese electric utility – is seeking an LNG cargo for delivery in September.
Tank Storage Asia 2019 has released a statement announcing that the most prominent challenges, developments and solutions in the Asian bulk liquid storage industry have been announced as the focus of the event.
According to Reuters, some Japanese buyers are seeking delays to shipments or cuts to volume under their long-term LNG contracts with the Ichthys project in Australia.
According to Reuters, Inpex Corp. has announced that the Ichthys LNG project in Australia is currently operating at approximately 80% of full capacity.
The latest decline in spot market prices is prompting LNG traders in Japan to be more aggressive in price reviews built into traditional long-term contracts linked to oil prices.