Japanese buyers seeking delays and volume cuts
According to Reuters, some Japanese buyers are seeking delays to shipments or cuts to volume under their long-term LNG contracts with the Ichthys project in Australia.
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According to Reuters, some Japanese buyers are seeking delays to shipments or cuts to volume under their long-term LNG contracts with the Ichthys project in Australia.
Japanese LNG spot prices fell to a new three year low in July.
According to Reuters, Inpex Corp. has announced that the Ichthys LNG project in Australia is currently operating at approximately 80% of full capacity.
The latest decline in spot market prices is prompting LNG traders in Japan to be more aggressive in price reviews built into traditional long-term contracts linked to oil prices.
LNG cargoes are now trading in Asia at a three to four year low of less than US$4 per million Btu.
Wood Mackenzie has released a new report which claims Japan could be dethroned by China as the world’s top LNG importer as early as 2022.
Pao Novatek has announced the closing of the sale of participation interests in the Arctic LNG 2 project.
AGP International Holdings Pte Ltd has announced that it has received a major equity investment from two Japanese institutions to support its development.
Inpex Corp. is planning to start the front-end engineering design for the Masela gas project in Indonesia in 2020.
The ‘Global LNG Market Report: Insights, Trends & Forecast (2019 – 2023)’ report has been added to ResearchAndMarkets.com’s offering.
EnergyQuest has released its latest LNG report, including analysis of Australian LNG growth (2018 – 2019) and June 2019 highlights.
Bernadette Cullinane and Nye Hill, Deloitte, Australia, take a detailed look at the current state of affairs in the global LNG industry, with particular focus on Asia.