LNG import news

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.

Engie SA plans to sell its entire 10% holding in India’s biggest importer of LNG.

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.

The latest tender award by Argentina for 20 cargoes seemingly lowered the pricing bar even further.

Mitsui & Co. has released a statement highlighting the importance of a stable LNG supply in order to fulfill future Japanese energy demand.

LNG market is becoming more fragmented with a spot market akin to oil.

Global LNG projects must control their costs to be profitable at current LNG prices to compete against coal and renewable power.