China’s NOCs are unlikely to dip into the spot market this year. (CNOOC Tianjin LNG) Forecasts

Contracts curb Chinese NOCs’ need for spot LNG

Asian spot LNG prices have dropped to levels not seen for five years, but that still may not be enough to lure China’s big state buyers, which need to absorb contracted volumes.

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The Tihange nuclear power plant. Belgium is planning to phase out its nuclear capacity by 2025. (Electrabel) Imports

Belgium’s security of supply under pressure

Problematic old nuclear plants and mothballed gas-fired plants have left Belgium in search of power to avoid serious security of supply issues.

A gas distribution node at Baumgarten. Gas was sold for $243/Mcm at the CEGH hub on Monday.  (Nabucco) Imports

Hub and contract prices sink as market looks to new reality

The continued slump in oil prices is likely to recalibrate gas prices across Europe once the full effect of indexation has been passed through to importers later this year.

Demand for LNG tankers is expected to pick up in 2017 when new liquefaction plants come onstream. (Hoegh) Forecasts

LNG shippers told to hang in there

LNG shippers must be patient and weather the low gas price storm before demand picks up again in 2018, analysts say.

Bolivian President Evo Morales has gained widespread political support thanks to gas revenues. (YPFB) Exports

Price slump may thaw Bolivia-US relations

Bolivia may seek warmer relations with Washington as it grapples with lower gas export revenues, say security experts.