Indian LNG imports decline as gas demand falls while prices have risen by 55 percent in fiscal year so far
Indian liquefied natural gas imports continued their 2022 decline as rising cargo costs stemmed demand in West Asia and the Indian economy showed signs of slowing as natural gas demand was flat in industrial sectors.
Japan’s Ministry of Economy and Trade stops publishing spot LNG prices for market transparency
Japan, the world's No. 1 liquefied natural gas importer, has stopped releasing monthly spot LNG prices contracted for or delivered to Japan that had been in force for seven years under the powerful Ministry of Economy, Trade and Industry (METI) and after being brought in to monitor price surges.
Qatargas awards Italian engineer Saipem contract worth $1.7Bln for North Field LNG feed-gas project
Italian energy engineering company Saipem has been awarded a $1.7-billion contract by Qatargas for the development of the North Field Production Project offshore of the Northeast coast of the Qatar peninsula to underpin LNG expansion.
Mitsui OSK Lines holds virtual naming event for LNG carrier chartered to Indian importer GAIL
Mitsui OSK Lines, The Japanese shipping company with an operating fleet of almost 100 liquefied natural gas carriers, has held a virtual naming ceremony for the latest newbuild to be chartered to Gas Authority of India (GAIL), the leading LNG importer.
Qatar Petroleum tells Tokyo event LNG is best suited to meeting environmental challenges
Qatar Petroleum has spoken up for the producer side at the LNG Producer-Consumer Conference in Tokyo while also encouraging importers and nations currently without LNG to take advantage of the fuel that is now a crucial part of the global environmental clean-up.
