Asian and European LNG values converge as expectations grow of still high gas demand in April and May
Liquefied natural gas prices declined by around 8.5 percent on the week for spot cargoes pointing at China, South Korea and Japan in April and May, as well as Europe, on expectations of renewed Asian demand signalled by the oil market.
New Fortress Energy of US aims for first Asian LNG import terminal and power project in Sri Lanka
New Fortress Energy Inc., the US operator and developer of liquefied natural gas projects in the Americas, has signed a framework agreement with the Government of Sri Lanka to construct an LNG receiving, storage and regasification terminal offshore the capital of Colombo and with start-up scheduled for the second half of 2022.
Avenir LNG takes delivery of first bunkering and supply vessel from China for charter to Petronas in Malaysia
Avenir LNG Ltd, a company owned by Norwegian shipping and infrastructure companies, has taken delivery of its first dual-purpose liquefied natural gas bunkering and supply vessel (LBV), the “Avenir Advantage”.
Japanese report says LNG has plenty of scope for Asian expansion to cut ‘massive’ coal use
A Japanese report has stated that liquefied natural gas and pipeline gas still account for a relatively small share in the energy mix in Asia and have plenty of room to be expanded to replace the current “massive coal consumption” by Asian nations.
