LNG

Bearishness sentiment pervades in the Chinese LNG market as the nation’s gas demand continues to fall. “Unless imports are massively picking up in November and December, we might stay below 2023-levels,” warned Anne-Sophie Corbeau, global research Scholar at the Center on Global Energy Policy.

Pakistan LNG Ltd (PLL) is looking to resell excess cargoes and considers storing tankers offshore. Excess term LNG deliveries could incur state energy companies nearly $400 million in losses, especially since the rapid solar PV build-out cuts short the need of burning gas for generating electricity.

PetroChina’s trading division strives to enhance the flexibility of its LNG portfolio by adding US LNG, which comes without destination clauses. This offers room for re-sale, compared to deliveries under long-term countries from countries like Qatar.