Pakistan LNG news
Pakistan LNG receives heavy interest for 10-cargo spot tender
According to Reuters, Pakistan LNG has launched a spot tender to purchase 10 LNG cargoes for delivery in 4Q19, receiving heavy interest from a number of companies, including in Japan and China.
APPEA claims LNG exports continuing to boost Australian economy
The Australian Petroleum Production and Exploration Association has announced that, according to the latest figures from the Australian Bureau of Statistics, LNG exports are continuing to underpin the growth of Australia’s economy.
Chief Executive of PLL replaced
According to Reuters, the Chief Executive of Pakistan LNG has been replaced with immediate effect.
Asia to lead the LNG regasification industry in capacity growth
Asia will reportedly lead the global LNG regasification industry in capacity growth from newbuild projects by 2023, says GlobalData.
Weak LNG spot prices have little impact on Asia, while boosting Europe
According to Reuters, low LNG spot prices are having little impact in Asian markets, while the European import market has seen a significant boost.
Increased market activity prompts Asian LNG spot price rise
Asian LNG spot prices have recently experienced a small rise, due to increased market activity.
Pakistan seeking LNG cargoes
Pakistan has issued a tender for 10 LNG cargoes with delivery dates between the start of October and the end of December.
LNG spot prices in Asia hit new multi-year low
LNG cargoes are now trading in Asia at a three to four year low of less than US$4 per million Btu.
Four companies compete to win Pakistan LNG supply contract
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.
Further headwinds ahead for LNG prices in Asia
Fitch Solutions Macro Research has published its outlook for Asia LNG prices.