LNG import news

According to Reuters, data released by Japan’s Ministry of Economy, Trade and Industry has shown that the average contract price for spot LNG cargoes delivered to Japan in February this year fell to its lowest level since September 2017.

Peter Kiernan, Economist Intelligence Unit, Singapore, reviews China’s status, growth and current activities in the LNG industry.

Wood Mackenzie senior analyst Kaushik Chatterjee has shared his thoughts on the significance of the Ennore LNG project, and how it is the beginning of India doubling its regasification capacity to 56.5 million tpy by 2025.

Since its launch in March 2018 the Port Kembla Gas project has made significant progress and is in the last stage of preparation for its FID.

China Petroleum and Chemical Corp. (Sinopec) has plans in place to sign a 20 year LNG agreement with Cheniere Energy.

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 Corp. will resume purchasing US LNG cargoes as soon as it receives orders to from the Chinese government.

According to Reuters, two industry sources have revealed that India’s Torrent Power is seeking an LNG cargo for delivery this month.

Phoenix Petroleum and CNOOC have signed a deal with PNOC regarding the planned Tanglawan LNG hub project.

According to Reuters, in February this year, Russia delivered a record amount of LNG to Europe: 1.41 million t, to be precise.