LNG imports could also ease trade tensions between South Korea and President Donald Trump. The U.S. ran a $17 billion trade deficit in goods and services with South Korea in 2016.
Read More »NPC Expects China to Clear Petrochem Payments
The problem associated with China'.s payment for its petrochemical imports from Iran has now reached a point that requires negotiations between senior officials from both sides.
Read More »LNG: A Passage to India
The Indian subcontinent is set to become ever more thirsty for LNG.
Read More »Mitsui OSK to Book Four Newbuildings for Yamal LNG Transhipment
The four conventional LNG carriers will deliver LNG worldwide.
Read More »Gasoline Shipments Impounded
Iran imports an average of 10 million liters of gasoline every day to meet domestic demand.
Read More »Gazprom in Talks to Boost Gas Sales to UK
According to the Oil and Gas Authority (OGA). UK’s gas import dependency would rise to 78 % in 2035. compared to 48 % dependency estimated for 2017.
Read More »US LNG Attracts New Buyers
Lithuania aims to receive its cargo of US LNG at its terminal in Klaipeda port in the second half of August.
Read More »Kurdistan Resumes Shipping Oil to US After Three Years
The dispute escalated when Kurdistan’s deliveries to the US were blocked and Iraqi government threatened to take action against companies transporting the Region’s crude.
Read More »Eni to Start Supplying LNG to Pakistan in December
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.
Read More »South Pars Output at 1.6m Barrels
The South Pars oil layer is located 130 kilometers off Iran'.s coast in the Persian Gulf with an estimated 7 billion barrels of oil in place.
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