The twon of Pemba, logistics base for the Mozambique LNG project

McDermott crisis raises questions over Mozambique LNG

McDermott’s financial difficulties could mean Saipem is left to build the Mozambique LNG project on its own, for which it may not have the resources.

19 December 2019 Middle East & Africa
LNG tanker arriving a port in Yokohama, Japan

Japanese LNG buyers look to joint purchasing

Spurred by rising competition in Japan’s deregulated gas and power retail market, companies are increasingly pooling resources to jointly purchase smaller volumes over shorter timeframes.

19 December 2019 Asia Pacific
LNG tank containers being loaded T THE PORT OF rIZHAO

Containers make inroads in China’s LNG market

Containerised LNG has the potential to extend its market share at a faster-than-expected rate in China as rising adoption looks set to coincide with tepid growth in the LNG road tanker fleet.

19 December 2019 Asia Pacific

Chinese gas exchanges see boost in activity

Volumes were up last week on the SHPGX and CQPGX as gas usually reserved for winter heating became available to be traded.

18 December 2019 Asia Pacific

Asian spot LNG prices see slight uptick

Prices in Japan, South Korea, China and Taiwan averaged $5.55/MMBtu last week, up marginally from the previous week.

17 December 2019 Asia Pacific
Wang Shouwen

US-China trade truce offers little to LNG exporters for now

LNG does not appear to have been included upfront in the ‘phase one’ trade accord between the US and China, meaning there will be no immediate respite for American exporters and project developers.

16 December 2019 Asia Pacific

Middle East LNG exports in figures

Challenged by lower-cost Qatari cargoes, the likes of the UAE and Egypt may choose to recalibrate their ambitions to prioritise domestic demand over LNG exports.

16 December 2019 Middle East & Africa

Spanish LNG imports suffer setback in October

A recovery in Spain’s imports of piped gas from Algeria prompted a decline in the country’s LNG imports in October and narrowed the gap between the sources of supply.

13 December 2019 Europe & Russia

US supplies boost South Korean LNG imports in November

Volumes entering Korea from the United States surpassed those from Qatar and Australia for the first time last month.

13 December 2019 Asia Pacific

CNOOC’s Tianjin FSRU dispatches 411 LNG truckloads per day

The terminal was China’s highest-selling facility for trucked LNG last week, with Sinopec’s Tianjin and Qingdao terminals coming in second and third.

12 December 2019 Asia Pacific
LNG tanker at Ras Laffan in Qatar

Qatar’s rivals face up to LNG expansion challenge

In the context of an oversupplied market, Qatar’s decision to ramp up production from the North Field represents a bold challenge to other LNG suppliers in the region.

12 December 2019 Middle East & Africa
Drillship offshore Mozambique

Total looks to alternative financing for Mozambique LNG

Mozambique LNG is moving towards financial close in Q2 2020, but there are fresh questions over how operator Total will fund its stake.

12 December 2019 Middle East & Africa
Dinh Co Gas Processing Plant in Vietnam

Solar surge puts gas in the shade in Vietnam

LNG-to-power projects in Vietnam are facing tough competition from a subsidy-funded solar boom.

12 December 2019 Asia Pacific
Tanker docked at Hainan LNG terminal

CNOOC aims to turn around China's Hainan LNG terminal

State-owned CNOOC hopes its LNG terminal on the southern island province of Hainan will eke out a profit by the end of this year after enduring years of losses.

12 December 2019 Asia Pacific

SHPGX trades first LNG in three weeks

The Shanghai Petroleum & Gas Exchange saw 60,000 tons of LNG traded last week from CNOOC’s Zhuhai terminal.

11 December 2019 Asia Pacific

Asian spot LNG price down on weak demand

Average prices fell by 2.5% week on week last week and closed Friday at $5.47/MMBtu compared with $8.82/MMBtu at the same point in 2018.

10 December 2019 Asia Pacific
Inpex's Ichthys LNG facility

Potential for six new trains at Darwin LNG

With strong government backing, Australia is moving swiftly to maximise a narrow window to expand LNG exports ahead of a wave of low-priced LNG from the US and other regions.

5 December 2019 Asia Pacific

CNOOC’s Tianjin FSRU ups trucked LNG sales in November

The facility sold an average of 338 truckloads of LNG per day last month compared with 312 in October.

5 December 2019 Asia Pacific

Chinese wholesale LNG price flat in November

The average price over the month was $12.17/MMBtu, little changed from October.

3 December 2019 Asia Pacific
An offshore platform.

Exxon abandons Aussie LNG import plans to focus on liquefaction

The company is no longer considering funding a terminal in the state of Victoria as it looks to refocus its operations on large-scale LNG export projects in the US, Mozambique, PNG and Brazil.

2 December 2019 Asia Pacific

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