A buyer of liquefied natural gas has canceled two cargoes from Cheniere Energy Inc.. the biggest U.S. exporter. as a global glut pummels prices for the fuel and threatens to shut a key outlet for shale production.
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Europe’s LNG imports are expected to increase by 14% to 56 Bcm.
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Iran and China. along with Russia and Turkey. are drawing closer due to the intertwined issues of geopolitics and energy.
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Russia. Europe’s biggest gas supplier. sees higher demand for its pipeline gas. undermining the region’s efforts at diversification.
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KoGas currently has offtake contracts with a number of LNG producers that are mostly located in the Asia Pacific and the Middle East.
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