Global natural gas prices oscillated on Monday as the market reacted to supply outages in the United States and Europe. Feed gas deliveries to the Freeport LNG export terminal on the upper Texas coast sank over the weekend. The facility is scheduled this week to restart a train that went offline in January. NGI data…
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Falling LNG Prices Again Bring Asia’s Cost Sensitive Buyers Back to Spot Market
Asian spot LNG prices reached a seven month low in January, dropping below $10/MMBtu, bringing cost-sensitive buyers like Bangladesh, India, Pakistan and Thailand back to the spot market. High gas storage levels in Europe have pushed prices there lower and prompted liquefied natural gas sellers to turn their attention to Asia. Asia-Pacific “demand will continue…
Excelerate Energy Strengthens LNG Operations in South Asia with Bangladesh SPA
Excelerate Energy Inc. has expanded its operations in South Asia after agreeing to supply Bangladesh with more LNG. Excelerate, headquartered in The Woodlands north of Houston, has one of the world’s largest portfolios of floating liquefaction terminals. It signed a 15-year sales and purchase agreement (SPA) with state-owned Petrobangla to provide up to 1 million…
Asian LNG Buyers Look to Spot Market as Temperatures Reach Record Highs
After suffering one of the worst April heatwaves on record with temperatures that soared above 100 degrees F, some Asian nations are preparing for an unusually hot summer that could require more LNG to cover power demand, particularly if El Niño develops as expected. India, Bangladesh,Thailand, and Vietnam issued tenders for liquified natural gas cargoes…
Increasing Bangladeshi Demand Could Soak Up Some LNG Glut
Saudi Arabian Oil Co., aka Saudi Aramco, and Riyadh-based ACWA Power signed a memorandum of understanding last week with the Bangladesh Power Development Board to build a 3,600 MW liquefied natural gas (LNG)-fueled power plant and terminal in the south Asian country.
Lower LNG Prices Could Boost South Asia Demand, With Strings Attached, Says Analyst
South Asian liquefied natural gas (LNG) markets stand to benefit from the recent shift to a globally oversupplied and lower-priced environment that has resulted from a mild winter and recent supply additions, particularly in the United States.
Excelerate Inks Deal For Bangladesh’s First LNG Import Terminal
Excelerate Energy LP struck agreements last week for the construction and operation of the first liquefied natural gas (LNG) import terminal in Bangladesh, the company said Monday.