LNG export news
Chinese LNG demand set to be slashed by Coronavirus
According to Rystad, the Coronavirus is set to slash Chinese LNG demand, however the removal of the US LNG tariff could save the day.
Qatargas signs LNG SPA with Kuwait
Qatargas has announced the signing of a new, long term LNG SPA with Shell to deliver 1 million tpy of LNG to the State of Kuwait.
US LNG share prices fall amid Chinese demand slump
US LNG company share values have declined as China has begun suspending purchases amid weaker demand and record low spot prices.
Head of Total weighs in on talks between Exxon and PNG
According to Reuters, the head of Total has said that Exxon Mobil Corp. and the government of Papua New Guinea must resume talks so that the US$13 billion expansion of gas production can proceed.
Total rejects Chinese LNG buyer’s force majeure notice
Reuters is reporting that Total has rejected a force majeure notice issued by a Chinese LNG buyer.
Cheniere continues supplying LNG to China
According to Reuters, an executive at Cheniere has revealed that the company’s sole Chinese contract customer continues to take committed LNG supplies.
LNG will be oversupplied until mid-2020
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.
Eesti Gaas reports significant increase in electricity and LNG sales
In the last year, Eesti Gaas has observed increases of almost 50% in its electricity sales and its LNG sales have been buoyed by expansion into foreign markets.
Cheniere to ring NYSE Opening Bell in celebration of 1000th LNG cargo
Cheniere Energy, Inc. has announced that Jack Fusco, President and Chief Executive Officer, along with other members of the Cheniere management team, will ring the New York Stock Exchange Opening Bell on 5 February 2020 in celebration of a recent milestone.
Petronet LNG and Tellurian to sign US$2.5 billion agreement
According to Reuters, Petronet LNG and Tellurian Inc. are set to sign a deal worth US$2.5 billion during President Donald Trump’s trip to New Delhi, India, this month.