LNG import news
Sinopec and Cheniere to sign 20 year LNG deal
China Petroleum and Chemical Corp. (Sinopec) has plans in place to sign a 20 year LNG agreement with Cheniere Energy.
Lithuania to ask Belarus to convert nuclear power plant to gas
According to Reuters, Saulius Skvernelis, the Lithuanian Prime Minister, is set to ask Belarus to convert its nuclear power plant to gas, which would be provided by Lithuania’s LNG terminal and a planned link between Lithuania and Poland.
Sinopec preparing to resume purchases of US LNG
Sinopec Corp. will resume purchasing US LNG cargoes as soon as it receives orders to from the Chinese government.
Indian utility seeks LNG cargo for delivery this month
According to Reuters, two industry sources have revealed that India’s Torrent Power is seeking an LNG cargo for delivery this month.
PNOC joins Phoenix and CNOOC on LNG hub project
Phoenix Petroleum and CNOOC have signed a deal with PNOC regarding the planned Tanglawan LNG hub project.
Russia becomes largest LNG supplier to Europe for first time this February
According to Reuters, in February this year, Russia delivered a record amount of LNG to Europe: 1.41 million t, to be precise.
Asian LNG spot prices now at 19 month low
Asian LNG spot prices have continued to fall and have now reached a 19 month low.
Indian Oil Corp. seeking LNG cargo
Indian Oil Corp. is currently seeking an LNG cargo for delivery in April to the Port of Dahej.
Hong Kong utility plans to start constructing LNG terminal this year
According to Reuters, Hong Kong utility CLP Power is intending to start constructing Hong Kong’s first offshore LNG receiving terminal at the end of this year.
Shell predict global LNG trade increase of 11%
According to an annual LNG report by Royal Dutch Shell, global LNG trade will experience an increase of 11% to 354 million t this year.