Russia’s LNG economy has taken several hurdles since the Ukraine invasion but the going is likely to get tougher, our Markets Editor Alexander Wilk writes.
The lucrative practice of Chinese players to resell US cargoes to Europe – and then restock with discounted Russian gas – has come to an abrupt end. For months, Sinopec, CNOOC and PetroChina were cashing in on double-digit price premiums of the Dutch TTF benchmark for gas in Europe over the JKM benchmark for LNG delivered to Asia; but a small supply deficit now prompted the government in Beijing to ban cargo resales and shore up supplies for the winter; our Markets Editor Anja Karl has more.
Our preliminary October data highlights continued export growth whilst also pointing to a strengthening demand vortex in Europe drawing supplies away from the Pacific, our Markets Editor Alexander Wilk reports.
The vast majority of LNG charters are concluded on one form - ‘ShellLNGTime1 & 2’. Its success is attributable to familiarity, comprehensiveness and (relative) even handedness. Maritime law specialist, Hill Dickinson, explains.
Developers behind a new bioLNG plant at Port of Amsterdam have progressed plans, with the facility set to begin production next year and support a new generation of low-carbon bunkering. Fuelling Editor Malcolm Ramsay reports.
ALASKA Governor Mike Dunleavy has just concluded a trade mission to Japan where he met executives of leading energy companies and utilities as well as government ministries to discuss Japanese companies procuring long-term Alaskan LNG supplies.