LNG market

Asian LNG Market Stays Strong Amidst Alarming Covid Surge

  • Asia’s imports of liquefied natural gas (LNG) are holding up strongly and are set for gains in May.
  • The pricing suggests that Asia’s major buyers have already locked in what they think will be sufficient cargoes to meet summer demand.

Asia’s imports of liquefied natural gas (LNG) are holding up strongly and are set for gains in May, even as coronavirus outbreaks spark demand worries in some top consumers, including India and Japan, says an article published in Reuters.

Refinitiv Vessel-tracking...

https://mfame.guru/asian-lng-market-stays-strong-amidst-alarming-covid-surge/

Total To Develop LNG Market In India & China

  • Total and Shenergy Group, the leading energy player in Shanghai, have signed binding agreements for the supply of up to 1.4 million tons per annum of Liquefied Natural Gas (LNG) from Total, as well as the creation of a joint venture to expand LNG marketing in China.
  • Total and ArcelorMittal Nippon Steel  (AMNS) have signed an agreement for the supply of up to 500,000 tons of liquefied natural gas (LNG) per year until 2026.

According to articles published in Total, Total has agreed to supply LNG...

https://mfame.guru/total-to-develop-lng-market-in-india-china/

LNG Shipping Costs Witness A Tumultuous Ride In 2021

Early 2021 witnessed a strong rebound in the regional LNG markets, with Asian spot LNG prices hitting over $30 mmBtu and European hub-based spot prices reaching almost $10 mmBtu, which was impressive compared to the $2 mmBtu experienced in summer of 2020, reports the Peninsula.

Uptick in LNG demand

A dramatic jump in prices was mainly driven by an uptick in LNG demand, amid a colder-than-usual winter season in Asia and Europe, as well as the stagnation of global LNG supply, which was at the same...

https://mfame.guru/lng-shipping-costs-witness-a-tumultuous-ride-in-2021/

3 Countries Compete For Global LNG Market

  • Last year was an unprecedented year for natural gas and liquefied-natural-gas (LNG) markets.
  • Whereas natural gas demand declined by 3%, LNG demand proved to be more resilient and managed to grow 1%.
  • Nevertheless, the LNG market was extremely volatile, with periods of extreme oversupply alternating with periods of extreme tightness during the year.
  • According to McKinsey, natural gas is set to become the strongest-growing fossil fuel, with demand expanding 0.9% per annum from 2020 to 2035.

An...

https://mfame.guru/3-countries-compete-for-global-lng-market/

Asia’s LNG Markets To Develop At A Slow Pace By 2021

The LNG market enters 2021 with reports of a South Korean company planning to use LNG-cooled warehouses for bulk storage of COVID-19 vaccines as conventional cold distribution chains could be stretched, reports .

LNG in Asia

This is emblematic of how LNG is finding new uses in Asia where gas exporters are looking to the industrial, petrochemical, city gas and transportation sectors to become major sources of demand, supplementing traditional LNG use in the power sector.

These sectors, ranging...

https://mfame.guru/asias-lng-markets-to-develop-by-2021/

$100 Billion-a-year for LNG Market in Vulnerable Arctic

  • The length of the shipping season in the Arctic is one of the most tangible signs that the region is warming more than twice as fast as the rest of the world.
  • In a year that’s likely to rank among the three warmest on record.
  • If not the hottest ever, it’s the Arctic that registered the most notable increases in what is emerging as an enormous climate-related disaster.

According to a recent article published in Bloomberg, written by Anna Shiryaevskaya, Laura Millan and Olga Tanas, record...

https://mfame.guru/100-billion-a-year-for-lng-market-in-vulnerable-arctic/

LNG Market Strikes Gold with Rising Asia and US Exports

  • A strong rise in prices in Asia and record US exports show how demand for LNG is bouncing back.
  • LNG prices in Asia have risen from lows around US$2 per million British thermal units to over US$9 this month.
  • It is driven by disruptions to supply from some large projects, including Gorgon and Prelude, and by a robust recovery in demand.
  • The growth in China’s gas demand has slowed to 4% this year, but LNG is increasing its share of the market and continues to grow at more than 11%.

According to a...

https://mfame.guru/lng-market-strikes-gold-with-rising-asia-and-us-exports/

A Study on 2020 LNG Buyers Reveals Their Changing Attitude

  • Survey on LNG demand and how buyer procurement priorities are evolving and offers guidance on how companies can prioritize business-development efforts.
  • Despite current market oversupply and uncertainty, the future of liquefied natural gas (LNG) remains strong for the medium and long term.
  • Power generation will see the biggest increase in LNG demand if low prices are sustained.
  • Buyers across regions value flexible delivery and volumes above all else.
  • Six buyer clusters illustrate priorities...

https://mfame.guru/a-study-on-2020-lng-buyers-reveals-their-changing-attitude/

US-China Trade War Escalation Jitters in the Shipping Market!

industrial port with containers

The U.S.-China Phase One trade deal is not dead, but it is on life support and its likely to affect trade once again, writes Freight Waves, Senior Editor, Greg Miller in an article published on their website.

What’s Waiting for the Container Market?

The two superpowers’ deteriorating relations in the wake of a Chinese security law covering Hong Kong has implications for container, tanker, dry bulk and gas shipping demand, as well as shipping stocks.

President Donald...

https://mfame.guru/us-china-trade-war-escalation-jitters-in-the-shipping-market/

Rystad: Oil and gas prices to fall short of expectations amid coronavirus

Amid the coronavirus outbreak that continues to expand, the slowdown in global oil and gas consumption this year will hit suppliers who will see average prices fall below previous expectations, according to recent data by Norway-based research firm Rystad Energy. Meanwhile, coronavirus and LNG oversupply are expected to lead to lower gas prices.

Following revisions to its January forecasts, Rystad said that brent crude oil prices, earlier expected to average nearly $60 per barrel in 2020, are...

https://safety4sea.com/rystad-oil-and-gas-prices-to-fall-short-of-expectations-amid-coronavirus/

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