Australia's Wheatstone LNG facility exports 1st cargo to Japan
The cargo exporting LNG from Australia’s Wheatstone project has left for Japan.
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The cargo exporting LNG from Australia’s Wheatstone project has left for Japan.
Exxon Mobil pulls out of major LNG project in Pakistan.
LNG sellers have formed new strategies to woo Asian buyers in a market that is set to be flooded with more supply.
Indonesia expected to become a LNG importer in 2020 as population grows.
The IEA have said global LNG markets will remain oversupplied into the 2020s due to a surge in production, although soaring demand may tighten the market earlier than expected.
Asian spot LNG prices have fallen as reluctant buyers submitted lower bids, Egypt’s call for 12 shipments in Q1 2018 has undershot expectations, and China appears to have covered LNG demand for the last quarter of 2017.
US and Australian projects boost Q3 LNG supply 10% on year
Global LNG suppliers are taking time to revise destination clauses in supply contracts for Japanese buyers despite a ruling by authorities that the provisions are anti-competitive.
Wärtsilä has been contracted to deliver 16 engines for four new LNG carrier vessels being built at the Hudong Zhonghua shipyard in China.
Japan to offer US$10 billion to back Asia LNG infrastructure push.
Winter gas prices in Britain are likely to remain elevated due to several concerns.
China has bought a rare cargo of LNG from Norway in preparation for winter demand.