The Biden administration and European allies are searching the world for surplus natural gas to send to Europe in the event conflict erupts over Ukraine, including approaching China about its supplies, according to people familiar with the matter.
China's state-owned Sinopec reported yesterday that it had received its first liquefied natural gas (LNG) cargo as part of a new supply contract with Qatar Energy.
Worries that the current shortage of liquefied natural gas will persist through the middle of the decade are triggering a rush to sign long-term deals, pushing up the price of contracts for the super-chilled fuel.
The UK shelled out more than £18 billion on oil and gas imports in the first few months of the year, according to the government’s latest trading figures.
Qatar, the world’s top supplier of liquefied natural gas (LNG), will invest in Pakistan’s next import terminal in a bid to support one of the fastest growing buyers of the super-chilled fuel.
Asia gas prices may be high, but over the years they are poised to go even higher due to two key developments that threaten to change Japan’s role and influence in global liquefied natural gas (LNG) markets, according to the latest analysis from Japan NRG.
China will build four new liquefied natural gas (LNG) carriers for Qatar Petroleum, as part of a deal worth 2.8 billion Qatari Riyals ($760 million) that will help bolster the country’s fleet, as its North Field expansion progresses. Significantly, it is the first order placed with a Chinese shipyard for LNG vessels by Qatar Petroleum and underscores the strengthening strategic relationship between the two nations.
Qatar Petroleum has signed a deal with China National Offshore Oil Corporation (CNOOC) for the supply of 3.5 million tonnes per year (t/y) of liquefied natural gas (LNG) over a 15-year term starting January 2022. Significantly, the deal brings Qatari LNG supplies to China under long-term deals to 15.5 million t/y.
Pakistan only started importing liquefied natural gas (LNG) six years ago, but its growing dependence on the super-chilled fuel is starting to turn into a nightmare.
By identifying gaps in the well services market and working closely with established international partners, Wellvene has significantly expanded its global reach over the last three years.
The government of Bangladesh has shortlisted eight potential global companies, including ExxonMobil and TotalEnergies, as well as various Japanese players, to build the South Asian nation’s first onshore liquefied natural gas (LNG) import terminal. Significantly, the proposed 7.5 million tonne per year (t/y) LNG processing facility would double Bangladesh’s import capacity.