Asian LNG spot prices fall to new multi-year low
Asian LNG spot prices have fallen to a new multi-year low, with at least one cargo selling for less than US$4 per million Btu.
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Asian LNG spot prices have fallen to a new multi-year low, with at least one cargo selling for less than US$4 per million Btu.
Asian LNG sellers, such as Osaka Gas, are seeking alternative markets as the global LNG market hits multi-year lows.
Sinopec is set to review the terms of a potential US$16 billion LNG supply deal with Cheniere Energy.
Elengy has announced that its Fos Tonkin LNG terminal will continue operating until 2028, with its regasification capacity fully booked.
PETRONAS, through its subsidiary, PETRONAS LNG Ltd, has signed a heads of agreement with Shenergy Group Co. Ltd to supply approximately 1.5 million tpy of LNG to its Wuhaogou receiving terminal in China.
According Reuters, there is unlikely to be a surge in Chinese demand for US LNG while tariffs remain in place, despite the signing of a new energy purchasing agreement.
Asian LNG spot prices have dropped below US$5 per million Btu to a four-month low as buyers hold off ahead of the Lunar New Year holidays.
Qatargas has delivered the first Q-Flex LNG cargo to the ‘Summit LNG’ FSRU in Bangladesh.
Polskie LNG has posted on social media, claiming that its Swinoujscie terminal in Poland has received its second LNG cargo of 2020.
Following the phase 1 signing of the trade agreement between the US and China, Wood Mackenzie Asia Pacific Vice Chair, Gavin Thompson, has provided his thoughts on the matter.
In 2019, Lithuania transported the highest ever recorded volume of gas to the Baltic States.
Indian Oil Corp. is looking to secure six LNG cargoes for delivery between April and December.