Argentina LNG exports positioned to meet peak demand in Asia
Argentina is expected to emerge as a new source of LNG supply to Asia during peak demand periods, according to research from Wood Mackenzie discussed at Gastech.
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Argentina is expected to emerge as a new source of LNG supply to Asia during peak demand periods, according to research from Wood Mackenzie discussed at Gastech.
According to GlobalData, the US is due to contribute 40% of global newbuild, small scale LNG liquefaction capacity additions by 2023.
Japan’s Mitsui & Co. has plans to expand its iron ore and LNG assets, despite indications that the global economy is slowing.
FESCO and Chinese logistics companies have agreed to develop intermodal transportation of LNG in tank containers from the Russian Far East to China.
According to Reuters, in July, Japan imported its first LNG cargo from China since 1988, as utilities seek new suppliers and try to reduce costs amid tough domestic competition.
Asia will reportedly lead the global LNG regasification industry in capacity growth from newbuild projects by 2023, says GlobalData.
According to Reuters, low LNG spot prices are having little impact in Asian markets, while the European import market has seen a significant boost.
China’s Shenzhen Gas is due to launch its first fully-owned LNG import terminal in southern China.
EnergyQuest has released its monthly LNG report for July 2019.
Asian LNG spot prices have recently experienced a small rise, due to increased market activity.
Mitsui has announced that it jointly hosted the Shanghai LNG Forum 2019 with CSET, Dalian Maritime University and HZ Shipbuilding Group.
LNG cargoes are now trading in Asia at a three to four year low of less than US$4 per million Btu.