china

The Panama Canal Authority said this week that it would reduce the number of vessels that can transit the waterway from 32 to 25 on Nov. 3. Daily transits would be further cut to 24 on Nov. 8, 22 on Dec. 1, 20 on Jan. 1 and 18 on Feb. 1.

Future prospects for Russia’s largest natural gas producer, Gazprom PJSC, are challenging as it works to outpace both foreign sanctions and domestic competition from independent firms. Unhappy over the Kremlin granting an LNG export license to Russia’s second largest natural gas producer, PAO Novatek, Gazprom told Russian regulator’s the Murmansk liquified natural gas project would…

Chinese LNG importers are expanding and opening new trading offices in London, New York, and Singapore to manage their increasingly diverse liquefied natural gas portfolios.  Competing with other top portfolio traders for the super-chilled fuel, China plans to manage their LNG supply on an international basis in an increasingly volatile global gas market. Natural gas…

The Australian LNG industry has drawn a great deal of attention in the last year, which is no small achievement when considering the war in Ukraine and the anxiety currently surrounding the Chinese economy. 

China Petroleum & Chemical Corp., aka Sinopec, has reportedly added natural gas reserves in the Sichuan Basin.  The state-owned company said it received certification from the Ministry of Natural Resources for another 30.55 billion cubic meters (Bcm) of proven reserves in a deep natural gas reservoir in the Bazhong field of the Sichuan Basin, according…

Despite a slower than expected economic recovery from the Covid-19 pandemic, China gradually regained its position as the world’s largest LNG importer in July, raising the potential for a winter supply squeeze. China’s liquefied natural gas imports from the beginning of the year through July totaled 42.2 million tons (Mt), placing it around 2 Mt…

Despite sweltering heat waves and a slight lift in European prices, LNG market activity is expected to remain light as buyers and U.S. producers hone in on the future supply and demand scenario. After a brief climb to almost $11/MMbtu last week, the Dutch Title Transfer Facility (TTF) dropped to $8.705/MMBtu at the end of…

European natural gas prices ticked up again on Monday despite healthy storage on the continent and an apparent lull in Asia, hinting at anxiety over falling LNG imports. Upward movement in European prices was previously expected to be limited for the rest of July after several key gas facilities in Norway wrapped up heavy maintenance…

Moscow has revised its gas strategy repeatedly since western sanctions were placed on Russia last year after it invaded Ukraine, and it is counting on Asia as an export destination to replace the loss of Europe’s 150 billion cubic meter (Bcm) market. The Russian government revised pipeline export targets last month to increase deliveries to…