LNG

Free ReadChina’s National Development and Reform Commission (NDRC), the nation’s economic planning body, has urged energy companies to increase imports of liquefied natural gas and thermal coal for power generation as colder weather hits northern China around the capital Beijing and is forecast to last for weeks. China Petroleum and Chemical…

Enagás of Spain, the national gas grid operator with Europe’s largest LNG import terminal network and the biggest European recipient of US LNG cargoes, has launched a green hydrogen project on the Mediterranean island of Majorca backed by European Union funding.

Germany has extended the deadline for grants for equipping and retrofitting seagoing vessels to use LNG as marine fuel for another year, while LNG trucks on German motorways will continue to be except from paying tolls.

Liftings of liquefied natural gas cargoes were buoyant during December with 438 shipments departing so far from liquefaction plants worldwide as North Sea Brent crude stayed firm, raising long-term LNG values, while North Asia spot prices were at just over $11.00 per million British thermal units for February deliveries.