The company had last month halted all its shipments through the route following an attack on two of its very large crude carriers.

UNIPEC and Sinopec are Asia’s largest refiner and biggest buyer of U.S. oil.

Pakistan is increasing LNG intake amid increasing demand for gas and decline in production.

Saudi Arabia halted temporarily oil shipments through the lane on July 26 after attacks on two big oil tankers.

LNG from the United States for Europe is at least 30-40% more expensive than the pipeline gas from Russia.

LNG spot prices for September deliveries in Asia have reached US$10.00 per million Btu.

The trade fight with China hangs over potential long-term progress for U.S. LNG exports.

India is working with Bangladesh in interconnecting gas grids and supplying diesel through pipelines.

PGNiG has to buy certain amounts of gas annually from Russia under a long-term deal with Russia’s Gazprom.

PGPIC and Maroon Petrochemical Company would sign the deals separately with NIOC.