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LNG

Asia

Supplying Asia with LNG got much costlier for the US, but strong demand brings export records

Supplying liquefied natural gas (LNG) to the expanding Asian market has become more expensive for US producers this year, a Rystad Energy report reveals. Even so, US exporters are unlikely to repeat last year’s cost-related shut-ins as global demand has rebounded to strong levels. Instead, US LNG exports climbed to a record monthly high of 6.5 million tonnes in May and may keep rising to new peaks, according to the energy consultancy.

Asia

LNG to power investors in the Philippines risk exposure to $14bn in stranded assets

The race to develop liquified natural gas (LNG) import facilities in the Philippines has gone from a marathon to a sprint but potential LNG investors must proceed at their own risk, due to high regulatory and financial uncertainty, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA).