The European gas market may receive a helping hand from the American shale revolution as fuel is poised to replenish depleted inventories.
Thailand is signing new contracts for LNG purchases and expanding terminals to boost imports to replace flagging domestic production.
According to Reuters, a trading unit of Russia’s Rosneft has signed a contract to supply 10 LNG cargoes to Egyptian Natural Gas Holding Co. within 2017.
Qatargas has agreed to double volumes of LNG it supplies to Poland's gas firm PGNiG to 2 million tpy.
Polish Oil and Gas Company has announced the signing of a side agreement to the existing Sale and Purchase Agreement with Qatargas.
More Asian LNG buyers are trying to avoid taking the US supplies they signed up for just a few years ago in order to cut shipping costs.
According to Reuters, PGNiG has stated that its CAPEX is set to exceed 34 billion zlotys (US$8.4 billion) over 2017 to 2022.
Qatargas has announced that it has agreed to increase the volume of LNG which it supplies to Polish Oil and Gas Company to 2 million tpy.
Korea Gas Corp will seek flexible contracts to have more leeway to trade its LNG cargoes further down the line.