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Rising summer demand boosts Asian spot LNG prices

Cooling-related gas demand helped lift spot prices to an average of $4.58/MMBtu last week.

1 hour ago Asia Pacific / LNG
Mitsui OSK's Challenger FSRU.

FID imminent on Hong Kong LNG

CLP Power is expected to take an FID on Hong Kong’s first LNG import project within months, after announcing firm agreements for a giant FSRU and initial LNG supply.

23 hours ago Asia Pacific / LNG
The Koshijihara gas plant in Japan.

Japanese companies back low-emission innovations

With gas still a major component of Japan’s energy mix, three suppliers are looking at new ways of managing their carbon footprint as the race to a low-carbon future gathers pace.

Yesterday Asia Pacific / Supply & Demand

Beihai tops China’s trucked LNG sales

The Sinopec terminal outsold China’s other trucked LNG sellers for first time in two years last week.

4 days ago Asia Pacific / LNG
Rescuers search collapsed buildings in Changning county following the earthquake.

Deadly earthquake renews China’s fracking controversy

The quake has triggered fresh questions about fracking from the public, but China’s NOCs need to keep producing shale gas if they are to hit their gas output targets.

4 days ago Asia Pacific / Exploration & Production
An Anadarko drillship off Mozambique

FID on Mozambique LNG is just the beginning

Mozambique’s first onshore LNG project has survived an insurgency, two cyclones, a debt crisis, and a bidding war to reach an FID

4 days ago Middle East & Africa / LNG

CEE pipeline construction continues amid delays

The construction of pipelines for diversifying supplies in Central and Eastern Europe is continuing while Gazprom carries out its South Stream Lite project.

5 days ago Europe & Russia / Pipelines, Storage & Power
The Marlin B platform in the Bass Strait.

Local demand and prices drive Aussie exploration

After a prolonged downturn in exploration in Australia, companies are responding to a forecast rise in local demand and prices by investing in new developments.

5 days ago Asia Pacific / Exploration & Production
Mexican Energy Minister Rocio Nahle

Mexico’s new power plan to burden CFE with debt

The government’s proposed system for financing the expansion of generation infrastructure will not guarantee the most cost-efficient outcome.

5 days ago Americas / Policy & Regulation

Supply glut prompts price cut at Chinese LNG plants

Thirty-nine liquefaction plants across China cut their asking prices by 2.03% week on week last week as a result of the oversupply.

6 days ago Asia Pacific / LNG

North African pipeline gas exports down 41% from 2018

Pipeline gas exports to Europe from North Africa fell by 10% week on week last week, hitting their lowest level since March.

6 days ago Middle East & Africa / Pipelines, Storage & Power
Shipping in Ukraine's section of the Black Sea.

Kiev attracts foreign investors with PSA tenders

Ukraine has started to attract international oil and gas players to its territory with its most recent auctions.

6 days ago Europe & Russia / Exploration & Production

Asian spot LNG prices up for first time in six weeks

The average price paid for spot LNG by Japan, China, South Korea and Taiwan increased by 2.35% last week, to $4.36/MMBtu.

18 June 2019 Asia Pacific / LNG
Semi-submersible drilling platforms in Yantai, Shandong province.

China's economic downturn could severely dent energy players

Oil and gas is one of the economic sectors in China most vulnerable to a severe deceleration in growth, as reduced demand for commodities could take place in tandem with a fall in energy prices.

17 June 2019 Asia Pacific / Companies & Finance
Wheatstone LNG

Japan’s Kyushu joins Transborders FLNG project

Kyushu Electric is looking to increase the amount of LNG it buys from Australia as coal-to-gas switching gathers pace and concerns persist over nuclear reactor restarts.

17 June 2019 Asia Pacific / LNG
Artist's impression of ENN's LNG bunker vessel

ENN faces fight to promote LNG bunkering in China

ENN will be able to offer LNG bunkering next year after it takes delivery of China’s first seagoing LNG bunker vessel, but uptake of the fuel in Chinese shipping is far from guaranteed.

14 June 2019 Asia Pacific / LNG
Angola LNG

Angola to build new LNG facilities

Angola looks set to build new LNG infrastructure as part of a pact signed with a US private equity fund, yet it still has much to do to develop a domestic market for gas

13 June 2019 Middle East & Africa / LNG
The Swinoujscie LNG terminal in Poland

PGNiG positions itself as LNG trader after US deals

The Polish company has signed major new supply agreements for US and Qatari LNG cargoes that may enable it to start re-exporting the fuel after 2023.

13 June 2019 Europe & Russia / LNG

CNOOC’s Tianjin terminal keeps top spot for trucked LNG

The facility was China’s biggest-selling terminal for the seventh week running last week

13 June 2019 Asia Pacific / LNG
A tanker docked at a Guanghui Energy terminal

China’s giants pull back from inland terminals

Independents and local government-owned companies will lead the development of two of China’s earliest inland LNG terminals, something that could be the start of an industry trend.

13 June 2019 Asia Pacific / LNG

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