Head of the National Iranian Oil Refining and Distribution Company (NIORDC) Alireza Sadeqabadi said that his country is planning to increase its gasoline exports to 3 million tons a month to generate around 1.5 billion in revenues.
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About 70 percent of LNG contracts are oil-indexed. with the rest geared to gas.
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Under the 15-year contract. US LNG will be delivered from Freeport LNG terminal or Calcasieu Pass.
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The Federal Energy Regulatory Committee (FERC) has conditionally approved a small-scale liquefaction project in Jacksonville. Florida.
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The five new terminals could collectively triple Pakistan’s LNG import capacity.
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The new entity will support the purchase and sale of LNG as a marine fuel to customers around the world.
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The abundance of low-cost natural gas has resulted in gas-fired generation overtaking coal-fired generation in the power sector.
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Spot prices at the Henry Hub have averaged $2.62 so far in 2019.
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Spot gas prices in the EU have more than halved. falling from $250 per thousand cubic meters last autumn to $110-120 in summer 2019.
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Earlier this year. Novatek agreed to sell a 20% stake in Arctic LNG 2 to China’s Cnooc Ltd.
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