Grain LNG terminal. The UK’s carbon floor price has helped gas gain market share from coal. (Flickr/National Grid) LNG

ETS price too low for LNG to crowd out coal in power

LNG import prices in Europe have dropped sharply but will still rely on a boost in carbon prices to compete with coal in power generation.

By Andreas Walstad 22 June 2017
LNG

Sliding US gas reference prices bode well for China's LNG imports

Sharp declines in the benchmark price of North American gas will drive down the cost of United States LNG exports to China, an industry expert told Interfax on Thursday.

27 October 2011
LNG

Tibet natural gas distribution terminal begins operations

The Tibet Autonomous Region's first gas distribution terminal went online on 26 October in the regional capital of Lhasa, China National Petroleum Corp. (CNPC), owner of the station, announced on Thursday.

27 October 2011
LNG

Europe ‘like a bond’ for global LNG market

Europe cannot offer the same prices as Asia for LNG cargoes, but it offers a stability of supply that won’t be found anywhere else, OMV’s head of global gas sourcing Luca Della Gatta told the North Africa Oil & Gas Summit on Thursday.

27 October 2011
LNG

China aims to double CBM installed power capacity over five-year period

The National Energy Administration (NEA) has drafted a five-year blueprint for developing China's coal-bed methane (CBM) industry and submitted it to the National Development and Reform Commission (NDRC) for approval, state media reported on Monday.

26 October 2011
LNG

Negotiations continue for development of Musanam gas-fired power project

With Oman’s power demand estimated to grow at a rate of 9-11% a year over the next seven years, bringing new power projects online is growing priority for the government.

26 October 2011
LNG

China LNG imports hit 1.15 mln tons in September

China's imports of LNG in September rose by 17.45% year-on-year to 1.15 million tons, second only to July's record of 1.18 million tons, according to General Administration of Customs figures released on Monday.

25 October 2011
LNG

India’s Gail looks to lift LNG imports

India’s state-owned Gail will open a new LNG trading desk in Singapore next week in an effort to boost its mid-term and spot imports at a time when the company is profiting from the country’s rising demand and tightening supply, a Gail source told Interfax on Tuesday.

25 October 2011
LNG

Uncertainty looms over Nigeria power loan from US

There was uncertainty over final approval for a $1.5 billion loan from the US Export Import Bank for new power projects in Nigeria after local media reports suggested some in Nigeria’s parliament opposed the deal.

25 October 2011
LNG volumes are set to equal pipeline gas volumes in the next 20 years. (Microsoft/iStockphoto) LNG

Continental drift: Asia, Europe at odds over oil links

As Europeans argue that the rise in LNG supplies and slumping domestic demand drives logic away from the oil-linked gas price mechanism, Asian buyers see benefits in staying the course.

25 October 2011
The UK's Isle of Grain LNG import terminal in Kent LNG

Price differentials attributed to fall in UK LNG imports for third quarter

LNG imports into the UK fell by 7.8% year-on-year in the third quarter of 2011 as the pull of the Japanese market diverted cargoes from the Middle East and the Atlantic Basin towards Asia.

25 October 2011
LNG

Guodian to build $495 mln gas-fueled power plant in Shanxi

State-owned China Guodian Corp., one of the country's five largest power producers, will spend RMB 3.15 billion ($495.68 million) to build a 350-megawatt gas-fuelled power plant in Taiyuan, capital of Shanxi Province, state media reported on Monday.

24 October 2011
LNG

Sinopec to build LNG plant in Sichuan’s Langzhong City

Sinopec Group has agreed to build an LNG plant in Langzhong City, Sichuan Province, a local government official told Interfax on Friday.

21 October 2011
LNG

China's gas imports poised to rise over next few years - CNCET

China's gas imports are expected to grow over the next few years as the country's demand for the clean burning fuel increases and domestic energy companies continue to seek out additional supplies, an official with China National Chemical Economic & Technical Development Centre said at an industry conference in Beijing on Thursday.

21 October 2011
LNG

Kogas looking to expand into South America

State-owned Korea Gas (Kogas) and Inter-American Development Bank (IDB) signed a memorandum of understanding during the Korea-LAC Business Forum in Seoul on Thursday, which promises further cooperation on energy initiatives and programmes in Latin America and the Caribbean, according to a statement released on the IDB’s website.

21 October 2011
Kuwait will scrap plans for four new nuclear power plants. (Microsoft/iStockphoto) LNG

Kuwait turns towards LNG after ditching nuclear

After scrapping plans for nuclear power stations, Kuwait looks more likely to ramp up LNG imports.

21 October 2011
Woodside’s Pluto LNG terminal, under construction in Karratha, Western Australia. (Woodside) LNG

Woodside LNG projects still dogged by delays

In spite of assurances that they are running on schedule, Woodside Petroleum's three ambitious LNG projects continue to be bogged down by steep costs, labour shortages and political disputes.

21 October 2011
LNG

The importance of YLNG

The attack on Yemen LNG’s feedstock pipeline may not have caused that much immediate disruption to the plant, but the implications of the bombing are of more concern.

21 October 2011
LNG

There’s room for Royal Dutch Shell at Kitimat, says Encana

Royal Dutch Shell has bought the Kitimat Marine Terminal on Canada's Pacific Coast as a possible site for an LNG export terminal, the company confirmed to Interfax on Thursday.

21 October 2011
The strength of Asian demand is making it easier to maintain oil price indexation in that market. (Microsoft/iStockphoto) LNG

Continental drift: Asia sticks to the oil link

While some in Europe are looking to renegotiate supply contracts away from the traditional oil-linked pricing formula, Asian buyers remain in favour of tying long-term LNG prices to oil.

20 October 2011
LNG

Santos LNG projects on track to meet rising Asian demand

Australian gas producer Santos is on track to start exporting gas from its two planned LNG export projects, Gladstone LNG (GLNG) in Queensland in 2015 and PNG LNG in Papua New Guinea in 2014, the group said in its third quarter results published on Thursday.

20 October 2011

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