Gas

Iran imports an average of 10 million liters of gasoline every day to meet domestic demand.

KoGas currently has offtake contracts with a number of LNG producers that are mostly located in the Asia Pacific and the Middle East.

Lithuania aims to receive its cargo of US LNG at its terminal in Klaipeda port in the second half of August.

The gas pipeline will stretch over a distance of about 1.100 km and will pump a total of 31.5 billion cubic meters of natural gas annually.

Eni offered some concession and agreed to lower the price to 11.99% of crude oil rate compared to 12.29% quoted in the tender.

Japan has cut back on LNG imports two years in a row.

Britain depends on stored gas reserves to help manage winter energy demand spikes and to ensure security of supply.

The two sides looked forward to building the third electricity transmission line as the grounds for gas trade multiplies.

Storage provides security and flexibility of supply.

India’s biggest gas importer Petronet LNG annually buys 8.5mn tonnes under a long-term contract.