Global commodities firm Trafigura suggests 2022 could be another bumper year for LNG trading
Global commodities firm Trafigura said in its fiscal 2021 report that revenues, earnings and liquefied natural gas volumes increased amid rising prices, partly because of stronger LNG demand from Asia due to low hydropower reserves this year in China and also lower coal production.
Chinese major and LNG importer CNOOC expects 10 new projects to come on stream
China National Offshore Oil Corp., the owner of nine Chinese LNG import terminals and multiple oil and gas stakes, has outlined its business strategy and development plan for 2020 with 10 new projects scheduled to come on stream.
China Gas Holdings posts surge in net profits helped by LNG imports and ‘Blue Skies’ policy
China Gas Holdings, the largest independent Chinese city-gas distributor and owner of 555 filling stations for gas-powered vehicles, posted a surge in fiscal first-half net profits and had over US$3.5 billion in revenues as Beijing’s “Blue Skies” anti-pollution policies helped increase natural gas use and LNG imports.
Chinese LNG imports boosted by volumes from Australia and nations like Angola and Russia
Chinese LNG imports surged by 33 percent last month with cargoes from nations such as Australia, Angola, Cuba, Russia and Qatar and were also up in the January-July period by 47 percent as the Asian nation maintained its growing levels of natural gas demand amid the commercial start-ups of more import infrastructure.
