In this issue

 

Shanghai, mainland China’s financial hub has started to gradually lift the city’s two-month long lockdown from midnight on May 31 – with little impact on LNG import volumes so far.…
Industrial coal-to-gas switching and construction of new gas-fired power stations will increase the overall gas use of China’s Guangdong province by over 65 percent in the next five years. The…
Higher netbacks for shipping LNG to Europe than to China continues to prompt cargo diversions. Analysts expect this trend to continue throughout most of the summer in tight markets, as…
Free ReadRegasification capacity around the globe has increased by 46 million tonnes per annum last year, reaching 993 mtpa as four new large terminals were brought in operation in Brazil, Croatia,…
Algeria’s national energy company Sonatrach has signed a 25-year contract with the Chinese major Sinopec to jointly develop and share production for the Zarzaitine block in Algeria’s eastern Illizi basin.…
Venture Global’s recent FID on the Plaquemines LNG export plant was partially financed by two Chinese banks. Lenders included the Bank of China and the Industrial and Commercial Bank of…
China’s LNG imports tumbled by 33.4 percent in April to their total monthly low in over two years at 4.34 million tons, according to customs data, but the slump in…
Free ReadUS LNG is in high demand as economic activity gathers strength in most countries, while supply constraints push up price volatility. According to IGU’s latest Global Gas Report, about 48…
Monday, 06 June 2022
There were 1.38mmt of LNG on the water with destinations in China according to our market visibility at the beginning of May. These cargoes had an estimated delivery horizon of…
Monday, 06 June 2022
China's monthly LNG offtake in May amounted to 4.93mmt, our data showed, which constituted monthly demand growth of 0.49mmt (11 percent) compared to the 4.44mmt we recorded in April. As…
Free ReadThe Australians, supplying the largest share of China’s LNG imports at around 39 percent, expect the People’s Republic will import 86 million tons of LNG in 2022 – a slightly…
Sizable US LNG supply contracts with destination flexibility are giving Chinese buyers like Sinopec, ENN and China Gas the clout to set up LNG trading desks in Beijing, Singapore and…
The Chinese government has diversified energy imports and is boosting domestic oil, gas and coal production to keep prices under control. The People’s Republic imports more than 70 percent of…
Despite targeting Net Zero emissions by 2060, China’s gas demand is expected to rise for another two decades before peaking in the mid-2040s at above 660 bcm. Around half of China’s…

News Nudges

Avenir LNG takes delivery of China-built carrier

Norwegian small-scale project developer Avenir LNG has taken delivery of the “Avenir Achievement” as it expands its small-scale terminal and carrier business. The new-built vessel is the second dual-purpose small-scale carrier of 20,000 cubic metres capacity constructed at the Nantong shipyard in China owned by CIMC Sinopacific Offshore and Engineering.