In this issue

 

Spot LNG prices into northeast Asia have fallen after China’s Sinopec and CNOOC issued large LNG cargo sale tenders, indicating they are well-stocked amid sluggish demand. Sinopec offered two to…
Price-savvy Chinese energy importers are importing less LNG, particularly spot cargoes, as import cost are higher than domestic sales prices. These sky-high spot LNG make it impossible for China’s numerous…
Free ReadElectricity demand growth in China is forecast to exceed 8 percent in 2022, driving up global coal and LNG prices, which forces power generators to think twice whether to import…
Coal has staged a surprise return in the global power gen market in the face of sky-high LNG prices, but this phenomenon will be short-lived, the International Energy Agency (IEA) says.…
High coal and gas prices combined with a cooling economy will lower China’s electricity hunger this year, partly reversing 2021’s staggering 10.3% growth. The Asian powerhouse consumed 8,312.8 TWh of…
Russia’s state-dominated Gazprom has admitted supplies to Western Europe were reduced by more than 41 percent year-on-year in January 2022, though it claims “gas deliveries are carried out in full…
Free ReadLatest US export data shows rising prices for the country’s six liquefaction plants with China again being the top monthly destination followed by a surge of shipments to Turkey in…
Monday, 07 February 2022
There were 2.17mmt of LNG on the water with destinations in China according to market visibility at the time of writing on 4 February. These cargoes had an estimated delivery…
China’s monthly LNG offtake January amounted to 7.36mmt, our data indicated at the time of writing, which would constitute a month-on-month reduction by 0.63mmt (-8 percent) from 7.99mmt in December.
Free ReadThe latest spike in natural gas and electricity prices in China was caused by lower global LNG production and fast-growing energy demand as the Asian powerhouse was the first country…
To avert an energy crisis, the Chinese government had to impose large-scale restrictions on electricity use during the final two weeks of September. Wood Mackenzie believes Chinese authorities could allow customs…
Cheniere Energy, the largest US liquefied natural gas exporter from plants at Sabine Pass in Louisiana and Corpus Christi in Texas, has signed a sale and purchase agreement with ENN Group,…
Capital expenditure into oil & gas ventures has surged 30.4% in Asia as the region is staging a fast rebound from the coronavirus crisis. Higher commodity prices unlock greater flexibility…
Free ReadA colder-than-usual winter in Europe as well as in Asia would mean there is insufficient gas available to meet demand. “A cold European winter could boost heating demand up to…

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.