Gas

Japan has been the world’s biggest LNG market for as long as most people can remember. Decades of LNG expansion in the supply of the country have been driven by utilities and trading firms, which have been the basis of long-term deals for Japan. However, nothing lasts indefinitely, and with …

India started buying prompt shipments of liquefied natural gas from the spot market after a two-month absence, indicating a rebound in demand as the nation exits a deadly phase of the Covid-19 pandemic. Petronet LNG Ltd. and Indian Oil Corp. awarded tenders for delivery over the next few months, the …

A new wave of LNG importers borne out of China’s gas market reforms is the new growth opportunity in Asia’s LNG market, but their limited procurement capability and prompt demand requirements mean they are active only in the spot market. This complicates the marketing strategy of large LNG producers like …

Russia-to-Turkey natural gas pipeline Turkish Stream will temporarily halt gas flow on June 22-29 on its offshore lines for annual maintenance and routine diagnostics, the project company TurkStream, said today. The works will be carried out by South Stream Transport B.V., the operator of the offshore pipeline system. TurkStream consists …

Europe is so short of natural gas that the continent — usually seen as the poster child for the global fight against emissions — is turning to coal to meet electricity demand that is now back to pre-pandemic levels. Coal usage in the continent jumped 10% to 15% this year …

China will this year overtake Japan as the world’s largest importer of liquefied natural gas, ICIS Edge, a service of market intelligence provider ICIS, said this week, as quoted by Reuters. China is already catching up with Japan in terms of LNG imports: • Japan imported 76.32 million tons of …

Gas demand for power generation consumed above 13 billion cubic feet per day (bcfd) in 2020, representing almost 50% of the total demand in the Gulf countries. It is expected that this demand will increase by 14% by 2029, according a report by GlobalData, a leading data and analytics company. …

China’s National Offshore Oil Corporation (CNOOC) has expanded the construction of what will be the world’s largest liquefied natural gas (LNG) storage tanks in Yancheng Binhai Port Industrial Park in Jiangsu province. Overall, six tanks will be built at a cost of 6.1 billion yuan ($955 million), the company said. …

Russia’s Nord Stream 2 gas project will start preparations on Friday to fill the first of two pipelines with natural gas, the Gazprom-led project said on Thursday. Nord Stream 2, which runs on the bed of the Baltic Sea from Russia to Germany, bypassing Ukraine, has faced criticism from the …

China’s rising imports of liquefied natural gas (LNG) position it to surpass Japan this year as the world’s largest buyer of the superchilled fuel, pricing data and cargo tracking firm ICIS Edge said on Wednesday. The shift – which some analysts had not expected until 2022 – could happen very …