Excelerate and Engro Elengy Terminal sign LNG terminal expansion agreement
Excelerate Energy L.P. has signed a heads of agreement with Engro Elengy Terminal Ltd for the expansion of the EETL LNG import terminal located in Port Qasim, Pakistan.
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Excelerate Energy L.P. has signed a heads of agreement with Engro Elengy Terminal Ltd for the expansion of the EETL LNG import terminal located in Port Qasim, Pakistan.
Asian LNG spot prices have dropped to their lowest level in more than 10 years, due to a mild winter impacting on demand.
According to Reuters, Pakistan has banned the use of open-loop scrubbers by ships operating in its waters.
Asian LNG spot prices have fallen to a new multi-year low, with at least one cargo selling for less than US$4 per million Btu.
Asian LNG spot prices have dropped below US$5 per million Btu to a four-month low as buyers hold off ahead of the Lunar New Year holidays.
Asian LNG spot prices have seen an increase for February deliveries.
Asian LNG spot prices have seen little change this week, due to a quiet market and low liquidity.
Indian spot demand has mitigated the recent declines recorded in Asian LNG spot prices.
Asian LNG spot prices have risen for the first time since October.
Asian LNG spot prices continue to be negatively impacted by the growing supply glut.
The latest Asian LNG spot prices are the lowest recorded for this time of year in a decade, and a mild winter is still to come.
Asian LNG spot prices have fallen for a third consecutive week, in response to forecasts of a mild winter.