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LNG

Asian spot LNG price shoots up by 50% in October

Strong oil prices, coupled with a pick-up in demand and the effect of US sanctions, saw Asia’s average spot LNG price rise sharply last month.

5 November 2019 Asia Pacific
The Barcelona LNG terminal.

Spain plans to create virtual LNG hub from 2020

The country will launch the new hub in in January in a move to tackle congestion at some LNG terminals and under-utilisation at others.

4 November 2019 Europe & Russia

North African piped gas flows see boost in October

Piped exports from North Africa to Europe were up last month as a result of greater Spanish demand, but flows are falling on an annual basis.

4 November 2019 Europe & Russia
Japanese businessman Masayoshi Son

South Korea eyes Asian super-grid to support energy transition

The country is backing the concept of a giant super-grid through which it would import renewable power from China underpinned by Russian LNG.

1 November 2019 Asia Pacific

UK LNG imports fall to record lows in August

The UK’s imports of the fuel hit their lowest since 2008 this August, with Algeria being the only supplier over the month, fresh data from the UK government shows.

1 November 2019 Europe & Russia

SHPGX LNG import price index down 1.5% week on week

The Shanghai Petroleum & Gas Exchange’s new index stood at RMB 3,445 per ton for the most recent week for which data is available.

1 November 2019 Asia Pacific
The Kochi LNG terminal in India.

Pressure mounts on India to reform LNG taxes

India’s government is under pressure to change its tax system for LNG, which is more heavily taxed than other commodities such as coal.

31 October 2019 Asia Pacific
An LNG plant in China.

China’s Hanas seeks import independence with Putian LNG project

The independent energy group from western China is joining the growing crowd of non-NOC companies developing their own regasification facilities in the country.

31 October 2019 Asia Pacific
Port Kembla, New South Wales.

Supply crunch in eastern Australia boosts new FRSUs

Persistent concerns about supply constraints and rising prices for gas in eastern Australia continue to support the business case for LNG import infrastructure.

31 October 2019 Asia Pacific
A coal power plant in South Africa.

South Africa sets unrealistic goal for LNG-to-power

The country's long-awaited Integrated Resource Plan has set an impossible timeline for the development of an LNG-to-power programme.

31 October 2019 Middle East & Africa
LNG cargo from Sabine Pass arriving offshore Brazil

Golar steps up gas hub plans for northern Brazil

The company is betting on small-scale LNG distribution to complement the region’s gas-to-power demand.

31 October 2019 Americas

Spain boosts Russian LNG imports over summer

Russia became Spain’s second-largest LNG supplier in July and August, consolidating its position as one of Spain’s main suppliers of the fuel.

30 October 2019 Europe & Russia

Chinese domestic LNG plants cut prices

The wholesale price of China’s LNG fell by 2.52% last week as domestic producers tried to improve their competitiveness against imports.

30 October 2019 Asia Pacific

China’s LNG plant utilisation hits highest since May 2014

The country’s combined output of LNG averaged 44,801 tons per day last week, with the utilisation rate reaching 55%.

29 October 2019 Asia Pacific

Chinese LNG imports up in September

China's LNG imports continued to be strong last month, but there are signs of a slowdown further along the road.

28 October 2019 Asia Pacific
Storage tanks and pipeline at PNG's Gobe gas processing plant

Papua LNG still aiming for first gas in 2025

Despite earlier delays, Total and Oil Search are expecting to enter FEED on their $14-billion Papua LNG project around year-end.

25 October 2019 Asia Pacific

Italy’s LNG send-out rates reflect strong demand

The high send-out rates of regasified LNG at Italy’s three terminals reflect the country’s increased imports of the fuel.

25 October 2019 Europe & Russia

CNOOC’s Tianjin terminal boosts tanker truck send-out

The FSRU dispatched an average of 356 tanker trucks of LNG per day last week, making it China’s top-selling terminal.

24 October 2019 Asia Pacific
An LNG carrier at Thailand's Map Ta Phut terminal

Thailand poised to allow LNG re-exports

Thailand is aiming to become a regional LNG trading hub as national incumbent PTT targets small-scale regional distribution.

24 October 2019 Asia Pacific
The North Rankin platform offshore Australia.

WA’s onshore players eye LNG export potential

Major new onshore gas discoveries in the Perth Basin are opening up the possibility that developers could find a route to the lucrative Asian market.

24 October 2019 Asia Pacific

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