Asia will reportedly lead the global LNG regasification industry in capacity growth from newbuild projects by 2023, says GlobalData.
According to Reuters, low LNG spot prices are having little impact in Asian markets, while the European import market has seen a significant boost.
Pakistan has issued a tender for 10 LNG cargoes with delivery dates between the start of October and the end of December.
According to Reuters, four companies have placed offers into a 10-year import tender for LNG deliveries to Pakistan, with Pakistan LNG expected to award the tender in August 2019.
Asian LNG spot prices have slipped in response to a surge in supply, which has flooded the market at a time when regional demand has remained stable.
Asian LNG spot prices rose this week, tracking higher oil prices and benefitting from production curbs in Australia.
Asian LNG spot prices have fallen to a three-week low, as the low-demand market continues to be fed with new cargoes.