LNG import news
LNG will be oversupplied until mid-2020
An executive from Japan’s Inpex Corp. is predicting oversupply in the LNG market until mid-2020, at which point they expect demand from southeast Asia and India to pick up.
Adriatic LNG ends 2019 with new record highs
Adriatic LNG has reported strong results for 2019, a year in which it celebrated its 10th anniversary and achieved new activity records.
LNG tanker en route to China diverted due to coronavirus
According to Reuters, an LNG tanker that had been travelling to China has been diverted, most likely due to lower demand caused by the coronavirus situation.
Indian LNG tender prices average less than US$4.00 per million Btu
A tender for four LNG cargoes, launched by India’s Torrent Power, has been awarded with a price average of less than US$4 per million Btu.
Coronavirus epidemic impacts Chinese LNG demand
Chinese LNG buyers are expecting demand to be severely impacted by the coronavirus epidemic that is currently gripping the country.
Petronet LNG and Tellurian to sign US$2.5 billion agreement
According to Reuters, Petronet LNG and Tellurian Inc. are set to sign a deal worth US$2.5 billion during President Donald Trump’s trip to New Delhi, India, this month.
KN to provide operations and maintenance services for Brazilian LNG terminal
AB Klaipedos nafta has signed an agreement for the provision of operations and maintenance services in connection with a Brazilian LNG terminal.
Qatargas delivers commissioning LNG cargo to Indian terminal
Qatargas Operating Co. Ltd has announced that it has supplied a commissioning LNG cargo for India’s newest LNG receiving terminal, Mundra, located on the west coast of India.
KN releases latest unaudited financial results
AB Klaipedos nafta has announced its unaudited financial results for 2019.
European LNG imports to reach nearly 100 million t this year
According to Reuters, Europe’s LNG imports are expected to increase to nearly 100 million t this year.