LNG import news
Global LNG markets to remain oversupplied into 2020s despite strong demand
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 LNG prices drop on wary buyers, lacklustre Egyptian demand, and an update on China
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.
ICIS LNG trade flow report
US and Australian projects boost Q3 LNG supply 10% on year
LNG producers take time to relax destination clauses despite Japan ruling
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 dual-fuel engines to power four new LNG Carriers
Wärtsilä has been contracted to deliver 16 engines for four new LNG carrier vessels being built at the Hudong Zhonghua shipyard in China.
Financial support for LNG in Asia
Japan to offer US$10 billion to back Asia LNG infrastructure push.
UK gas prices to remain elevated this winter
Winter gas prices in Britain are likely to remain elevated due to several concerns.
China buys Norway LNG cargo as spot deals rise ahead of winter
China has bought a rare cargo of LNG from Norway in preparation for winter demand.
India and Japan to team up in search for more flexible LNG deals
India will work with Japan to make long-term LNG import deals more affordable for price-sensitive consumers.
Global and US LNG carrier market forecasts
According to Exxon Mobil, the demand for natural gas is expected to double by 2040.