In this issue

 

Wison Offshore and Marine, the owner of the Chinese shipyard at Nantong in Jiangsu province, has started to modernize the yard’s LNG shipbuilding capability. The upgrade will expand the yard’s…
U.S. liquefaction plant developer Venture Global sees LNG-fuelled power generation as “a counter” to China’s building spree of new coal power units. By turning to LNG, utilities can “regain control…
Monday, 02 November 2020
Free Read2.77mmt on the water with a delivery horizon of 1st December, with c. 44 percent due in the North China region. At the time of writing, there were also cargoes…
China’s LNG offtake declined by 0.49mmt month-on-month in October, decreasing significantly by 8.7 percent to 5.07mmt. Monthly Chinese offtakes had grown by 0.41mmt (7.7 percent) in August, whereas month-on-month demand…
Asian spot LNG prices have risen to a more than a six-month high in mid-August on concerns over production from Australia’s Gorgon plant. Gorgon LNG Train-2 has been shut for…
China remains the largest market for investment in 2020, with as the initial 12% fall in energy spending is now getting compensated by revived industrial activity and a renewed hunger…
Free ReadAsia is expected to account for the highest global LNG regasification capacity increases. The region is forecast to contribute about 69% of the total regasification capacity additions by 2024. According…
Fitch Ratings believes the recent gas-fired power tariff cut in China's Guangdong province came in response to the falling spot gas price. The government aims to increase the ratio of…
China’s southern province of Guandong is considering cutting electricity rates that gas-fired generators can charge from their customers by 5-12%. If enacted, this rate cut risks derailing a wider policy…
China National Technical Import & Export Corp. (CNTIC), together with VPower Group, is awaiting further cargoes to beth at their new-built jetty adjacent to their Thanlyin gas power plant (350…
Friday, 04 September 2020
Free Read1.52mmt on the water with a delivery horizon of 10th October, with c. 47% due in the North China region. At the time of writing, we saw three cargoes that…
Friday, 04 September 2020
China’s m/m LNG offtake grew by 0.25mmt in August, increasing robustly by 5% to 5.54mmt. Monthly Chinese offtakes had decreased by 0.48mmt (-8%) in June, meaning that the country realigned…
The Chinese economy has recovered swiftly after lockdowns were lifted and factories already operate at 87% of normal output since early April, pushing up energy demand. Australia emerged as China’s…
Free ReadRussia’s state gas company Gazprom seeks to boost gas production in Yakutia and enhance pressure as well as throughput at the ‘Power of Siberia’ pipeline. There is “plenty of supply,”…

News Nudges

Alaska LNG stirs

Alaska Gasline Development Corp. (AGDC), the state-run body and owner of the Alaska LNG project which has been dormant because of the high development costs, has released a consultancy report detailing the environmental benefits achieved by building the export plant utilizing North Slope natural gas to replace high-emissions coal in Asia. “Alaska has some of the world’s strictest environmental laws, and Alaska natural gas should be a key component of any realistic energy roadmap,” said Alaska Governor Mike Dunleavy. AGDC has all its regulatory permits covering three liquefaction Trains with 20 million tons per annum of capacity, two 240,000 cubic metres capacity storage tanks as well as a 807-mile natural gas pipeline from Prudhoe Bay to Nikiski on the Kenai Peninsula. AGDC President Frank Richards said the justification for Alaska LNG was a “compelling” one. “This timely report uses respected and transparent methodologies to quantify the value of replacing high-emissions energy sources in foreign markets with the low-emissions at Alaska LNG,” added Richards.