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BP forecasts stronger LNG trading and greater role for gas

BP has released its Energy Outlook 2019, revising its forecasts from last year’s outlook for 2040 to include more LNG trading and faster growth in gas consumption.

15 February 2019

Indonesia’s exports slip 7% in 2018

Lower production from the Badak facility limited exports last year, but revenues were up by 13%.

14 February 2019

Sales fall at China's trucked LNG facilities

CNOOC's Tianjin terminal sold 20 fewer tanker trucks per day in January than it did in December, with sales falling by 27 at Ningbo and 13 at Beihai.

14 February 2019
The European Parliament in Strasbourg Fundamentals

Five takeaways from the revised EU Gas Directive

The EU’s revised Gas Directive is expected to be formally adopted this spring after breakthrough negotiations in Strasbourg on Wednesday. Here we examine some of the main takeaways from the latest draft.

14 February 2019
Fuling shale gas field Fundamentals

China hopes for shale gas boom after large find

China's shale gas production could be set for growth that will help stem the country's surging demand for imports.

14 February 2019

Ukraine’s gas imports fall on storage use

Ukraine imported less gas in 2018 than it did in previous years as a result of better utilisation of storage facilities.

13 February 2019

Chinese ex-works prices drop sharply in January

The average ex-works price for Chinese LNG fell by 24% in January 2019 from December 2018.

13 February 2019

Africa-Europe pipeline flows continue decline during peak period

Pipeline gas exports from North Africa to Europe fell last week at a time of year when flows typically peak.

12 February 2019
A train delivering pipeline for Nord Stream 2 Policy & Politics

EU takes giant leap towards revised Gas Directive

The EU is getting closer to an agreement on a revised gas directive after Germany secured key concessions for the Nord Stream 2 pipeline at a meeting in Brussels on Friday.

11 February 2019
Pipe stringing for Trans-Adriatic Pipeline, Alexandroupoli, Greece, September 2016 Companies

IGB construction delayed to Q2 2019

Construction work on the Interconnector Greece-Bulgaria has been delayed to the end of May 2019.

8 February 2019
A meeting at the SHPGX Market Trading

Shanghai exchange still playing minor role in China’s gas demand

The SHPGX continued to meet only a small proportion of China’s gas demand last year despite a record volume of the fuel changing hands on the platform.

7 February 2019
Ophir Energy activity offshore Tanzania Companies

Ophir’s prized Tanzanian assets almost worthless

Medco Energi has valued Ophir at just $511 million, giving another indication that the deepwater gas in the company's Tanzania blocks might just stay in the ground.

7 February 2019
A gas compressor station at the Baumgarten hub Policy & Politics

Baumgarten fights for share in changing market

Austria’s TSO is fighting to preserve the Baumgarten gas hub's role against attempts by Slovakia and Hungary to divert transit volumes.

7 February 2019
CNOOC's LNG-fired power plant in Huizhou Daya Bay Petrochemical Industrial Park, Guangdong Fundamentals

Guangdong works to lower gas costs

The southern Chinese province has resorted to cutting pipeline and distribution tariffs to push end-user gas costs down as it looks to lift lagging residential and industrial gas demand.

7 February 2019
ConocoPhillips' Bayu Undan platform in the Timor Sea Fundamentals

Australia aims to limit China’s role in Timor LNG

The prospect of China becoming more involved in East Timor is pushing Australia to increase its interest in Timor LNG.

7 February 2019
A cooling tower at a power station, West Burton, UK Price Drivers

Legal battle clouds future of UK power payments

The UK could be facing premature power plant closures unless the legal dispute over its subsidy scheme for generators is resolved.

7 February 2019

Qatar strengthens position as Europe’s main LNG supplier

Qatar increased its share of the European LNG market from 39% in Q2 2018 to 43% in Q3 2018, according to a European Commission report.

6 February 2019

Sharp drop for Chinese LNG prices

The average ex-works price of LNG produced in China fell by nearly 15% last week, to its lowest level for nearly four months.

6 February 2019

Asian spot LNG prices fall for sixth week

Spot prices closed the week at $7.21/MMBtu, their lowest level since April 2018.

5 February 2019

Thailand’s LNG imports up 16% in 2018

The volume of LNG entering Thailand was up last year as domestic output and pipeline gas imports from Myanmar fell.

4 February 2019

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