Asian LNG spot prices have fallen below the UK’s current gas price, prompting the redirection of several LNG cargoes from Asia to Europe.
SEA\LNG has appointed Paul Taylor, Société Générale, and Capt M. Segar, MPA of Singapore, as Directors of SEA\LNG Ltd.
Keppel Offshore & Marine Ltd has clinched contracts worth a combined value of about S$300 million, including a contract for the design and construction of a LNG bunker vessel.
Nick Prowse and Penny Cygan-Jones, Norton Rose Fulbright LLP, UK, consider the global outlook for the LNG industry, with a focus on recent developments in the US, Asia, Australia, South Africa and Africa.
Singapore LNG is seeking expressions of interest from interested parties for the use of a potential new LNG storage tank.
Asian LNG spot prices have experienced a 10% slide this week to a more than three month low due to declining oil prices.
Increasing supply and dwindling demand have caused Asian LNG spot prices to fallen to an over two month low.