Liquefied natural gas (LNG) demand is expected to drop in 2020 in China, Japan and South Korea, the three biggest importers of LNG in the world, Kallanish Energy reports That assessment was released on Tuesday by the Independent Commodity Intelligence Services (ICIS). It is forecasting that China 2020 LNG imports …
Read More »Ukraine’s Gas Storage at Record-High Levels
Ukrainian natural gas storage levels are currently 80% higher than the same period last year, state-run gas transmission operator Ukrtransgaz said on Tuesday. The company said that as of March 31 there were 15.9 billion cubic meters (Bcm) of natural gas in underground storage. This is one of the highest …
Read More »China Resumes LNG Imports from the US
Chinese buyers have resumed imports of liquefied natural gas (LNG) from U.S. exporters, as Beijing started granting waivers to a 25% import tariff. Last month the Chinese government commenced a process to award tax waivers to some LNG buyers. The exemptions would last for a year and allow importers to …
Read More »European LNG Imports to Hit All-Time High in May
European liquefied natural gas (LNG) imports are set to hit an all-time high in March, as the region absorbs global oversupply at a time of declining demand, Kallanish Energy reports. According to experts at the IHS Markit LNG Research Service, total LNG deliveries to Europe are expected at nearly 11 …
Read More »Gas Prices will Remain Low over the Next Two Years
Fitch Ratings has trimmed its natural gas price forecasts both for the U.S. and European benchmarks on the back of “very large” market oversupply, Kallanish Energy reports. “Current prices in Europe and Asia rarely cover the half-cycle cash costs – that include variable operating costs and transport to Europe – …
Read More »Worldwide LNG Imports. Exports. Supply Jump in 2019
Japan remained the largest LNG importer. receiving 77.5 Mmt in 2019.
Read More »US Appreciates India`s Efforts to Cut Oil Imports from Venezuela
The US. along with 50 other countries recognized Guaido as the legitimate President.
Read More »Kogas to Invest $8.84B by 2025 in LNG. Hydrogen Projects
South Korea in 2017 imported roughly 30% of its total supply from Qatar.
Read More »The Globalization of European Gas
IHS Markit expects European gas prices to be increasingly set by the global market.
Read More »Schlumberger Approved to Buy Into Russia’s Eurasia Drilling
Russia’s special commission on Foreign Investment approved Schlumberger to buy a stake of 25% to 49% in Eurasia Drilling.
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