LNG import news
KOGAS to seek more flexible LNG contracts
Korea Gas Corp will seek flexible contracts to have more leeway to trade its LNG cargoes further down the line.
UK gas premium eroded further
The latest tender award by Argentina for 20 cargoes seemingly lowered the pricing bar even further.
Mitsui says LNG still has a major role to play in future Japanese energy demand
Mitsui & Co. has released a statement highlighting the importance of a stable LNG supply in order to fulfill future Japanese energy demand.
World gas trade is changing
LNG market is becoming more fragmented with a spot market akin to oil.
Healthy supplies weigh on price
Global LNG projects must control their costs to be profitable at current LNG prices to compete against coal and renewable power.
Argentina to continue importing LNG
In 2016, Argentina was forced to significantly increase imports of LNG and purchase supplies from Chile.
EU ready to help Ireland reduce energy dependence on Britain
Two big Irish energy projects designed to reduce dependence on Britain are set to benefit from EU funding.
OLT LNG import terminal seeks 20 LNG cargoes
Italy's OLT is seeking 20 LNG cargoes for April – September delivery.
New LNG buyers want shorter and smaller contracts
Shell expects much of new LNG demand to come from countries that want to replace declining domestic gas production.
Eni investing in Egypt
Eni SpA will start producing from the giant Zohr natural gas field off Egypt’s Mediterranean coast by the end of 2017.