A 10% tariff on US liquefied natural gas is not steep enough to make shipping cargoes to China unprofitable, but it adds an obstacle for the second generation of American terminals, industry observers said. “With the 10% tariff implementation, we are probably not going to see a cessation of US LNG...
General Energy News
Singapore fuel oil inventories jump as weekly exports fall to over 7-year low
Singapore fuel oil inventories jumped 15% to a 10-week high in the week to Sept 26, boosted by thin export volumes, official data showed. – Singapore’s onshore fuel oil inventories surged 2.328 million barrels, or about 347,000 tonnes, to 17.616 million barrels, or 2.629 million tonnes, data from...
China says ‘huge potential’ for Australian LNG industry from US trade war
China says there is “huge potential” for Australia’s liquefied natural gas (LNG) industry from its trade war with the US after imposing tariffs on rival American imports of the important energy source being encouraged by Beijing to clean up pollution. China has imposed import tariffs on US LNG...
LNG production in Russia could reach 83 mln tonnes by 2035 — Energy Ministry
Russia can increase production of liquefied natural gas (LNG) to 83 mln tonnes by 2035 from the current 21 mln tonnes, Head of Department of Oil and Gas Production and Transportation at the Russian Energy Ministry Alexander Gladkov said at the Sakhalin Oil & Gas Conference & Exhibition. “From the...
Global LPG Demand Growth Falters
China and India’s LPG demand has slowed compared to the past few years, according to ESAI Energy’s newly published Global NGL Outlook. The two markets have been the locomotives of global demand growth, accounting for a combined 190,000 b/d increase in demand last year. This year, however, demand...
https://www.hellenicshippingnews.com/global-lpg-demand-growth-falters/
Europe gas trade volume on track for record in 2018 so far
European gas trading volumes in 2018 may beat the record 51,000 terawatt hours (TWh) recorded in 2016 unless unseasonally warm weather prevails for the rest of this year, Prospex said in a report on Friday. The British research company said slower trading in 2017 was followed by an upturn in the...
https://www.hellenicshippingnews.com/europe-gas-trade-volume-on-track-for-record-in-2018-so-far/
Natural gas says it’s no longer a transition fuel. It may be wrong: Russell
Natural gas is no longer merely a transition fuel between the past of dirty coal and crude oil and the future of renewables, according to an increasingly confident cross-section of the industry. A procession of senior executives of major companies, including Royal Dutch Shell and Exxon Mobil Corp ,...
Iran and New Mega-Refineries Set Asia’s Oil Market on Fire
When the Navarin, an oil supertanker carrying 2 million barrels of Middle East crude, docks at the Malaysian port of Pengerang on Monday, the arrival will signal the start of a torrid time for Asia’s oil market. The ship is delivering the first cargo to a new mega-refinery, one of three scheduled...
https://www.hellenicshippingnews.com/iran-and-new-mega-refineries-set-asias-oil-market-on-fire/
Platts JKM: Asia November LNG spot prices fall on thin demand
The Asian LNG benchmark JKM ended the week at $11.35/MMBtu for cargoes delivering in November, the new front month, down 6% from $12.069/MMBtu on Monday when the assessment period started, as a lack of buy interest for late autumn deliveries dragged down the market. Trade activity was thin...
https://www.hellenicshippingnews.com/platts-jkm-asia-november-lng-spot-prices-fall-on-thin-demand/