Chinese LNG prices fall in May with slack demand
Wholesale prices from Chinese LNG plants fell by 3.82% in May from the previous month as supply improved following several plant restarts while demand remained soft.
- Natural Gas Daily ▾
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Saudi Arabia considers importing gas
Saudi Arabia’s plan to produce a higher proportion of its electricity from gas is reviving the argument for buying gas from abroad.
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- Expanded Panama Canal will take 20 mpta of LNG
- Colorado’s shale reserves 40 times greater than estimated – USGS
- Daewoo wins tender to build new LNG carriers
- Unocal East China to boost output in Sichuan
- Mitsui and AWE eyeing Origin’s Perth Basin assets
- Sichuan Datong picks up controlling stake in Luojiang Gas
- Inpex starts drilling new well off Japanese coast
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- Global Gas Analytics ▾
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Risk of oil price spike may benefit gas
GGA Chief Energy Analyst Peter Stewart spoke at the IEA last week on the interaction between oil and gas prices. These are the main points of his speech to the standing committee on oil markets.
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- European hub prices boosted as maintenance cuts supplies
- Henry Hub hits 2016 high with surging power demand
- Risk of oil price spike may benefit gas
- OPEC freeze unlikely with oil above $50/bbl
- Oil price rise dampens hopes for OPEC output cap
- Price favours Canadian gas flows into western US
- Kuwait sees intense inter-sector competition for gas
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