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/
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 ,...
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/
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/
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/