Chinese LNG prices pushed down by supply glut

Abundant supplies in the run-up to a public holiday saw Chinese LNG plants cut their asking prices last week.

2 October 2019 Asia Pacific

Chinese LNG production ramps up ahead of public holiday

The average utilisation rate of the country’s LNG plants hit its highest level since 2014 last week.

1 October 2019 Asia Pacific
Anadarko drilling offshore Mozambique

Total hits ground running with smooth acquisition of Moz LNG

Total's quick acquisition of Mozambique LNG has set it off on the right foot with the Mozambique government, which is eager to recoup tax from the sale.

30 September 2019 Middle East & Africa

South Korea shows growing appetite for US LNG

The country imported greater volumes of LNG in August, with the US boosting its share of the market.

27 September 2019 Asia Pacific

Trucked LNG sales drop at CNOOC’s Tianjin terminal

The facility sent out only 410 tankers per day last week but was still China’s top-selling terminal

27 September 2019 Asia Pacific

Russian LNG challenges Qatar’s UK dominance in July

Qatar supplied 87% of the LNG that entered the UK in Q2, but competition from Russia ramped up in July.

26 September 2019 Europe & Russia
South Stream construction in Bulgaria

Bulgaria’s gas hub plans advance despite delays

The Black Sea gas hub could begin operating by the end of 2021 as major infrastructure projects in the region seem to be moving forward.

26 September 2019 Europe & Russia
RWE trading floor

US exchange launches first physical delivery LNG contract

Most new futures contracts fail, but the CME Group’s proposed US LNG export futures contract may be an exception.

25 September 2019 World

Chinese LNG plants cut prices to boost sales

The average price of wholesale LNG in China fell by more than 2% last week, to $8.61/MMBtu

25 September 2019 Europe & Russia
The Meridian Spirit loading a cargo at Sabine Pass LNG

Price disparity a concern for US LNG

US LNG could become more expensive as upstream gas producers seek to boost their profit margins.

24 September 2019 Americas

Asian spot LNG prices rise following Saudi attacks

Prices saw their largest weekly gain since 2013 as the markets responded to the attacks on the oil facilities at Abqaiq and Khurais.

24 September 2019 Asia Pacific
South Korea's Tongyeong LNG terminal

South Korean winter coal ban could boost spot LNG prices

A tentative proposal by South Korea to shutter many of its coal-fired power plants this winter could support Asian spot LNG prices during what is traditionally the region’s busiest season.

23 September 2019 Asia Pacific
Construction of Power of Siberia gas pipeline

The limits to China’s LNG growth

China’s gas market growth has eased and is expected to slow further, which will have implications for the speed at which the country can expand its LNG imports.

23 September 2019 Asia Pacific

European LNG imports slow as stocks hit new high

LNG imports in Europe have seen significant growth so far this year, but high stocks may put pressure on demand for spot LNG cargoes.

23 September 2019 Europe & Russia
The Pacific Breeze tanker at Ichthys LNG

Rapid ramp-up gives Inpex room to plan Ichthys future

With production at Australia’s Ichthys LNG close to reaching nameplate capacity, Japanese operator Inpex can begin to plan the project’s next phase of development.

20 September 2019 Asia Pacific
Cyprus's Vassiliko gas-fired power station

US LNG may supply first Cypriot FSRU

Cyprus’s first FSRU opens a window of opportunity for US LNG to supply another market in Europe.

20 September 2019 Europe & Russia

Netherlands ups imports from Russia and Norway in 2018

The Netherlands increased imports of piped gas from Russia and Norway as production fell at the Groningen field.

19 September 2019 Europe & Russia

CNOOC’s Tianjin terminal hits nine-month high

The Chinese LNG facility sent out more truckloads of LNG last week than it has in the past nine months.

19 September 2019 Asia Pacific
Bonny Island LNG plant

Nigeria LNG closes in on Train 7 FID

Nigeria LNG has selected its preferred EPC contractors for its 7th train megaproject but still needs to secure funding for the project ahead of an October FID.

19 September 2019 Middle East & Africa
An LNG tanker at China's Rudong terminal.

Singapore’s PO&G expands presence in China

Pacific Oil & Gas is developing a new LNG terminal in western Guangdong that will give the company a second LNG import base in China.

19 September 2019 Asia Pacific

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