china

Asian LNG Demand Continuing to Fall, as More Cargoes Head to Europe

Asian LNG Demand Continuing to Fall, as More Cargoes Head to Europe

Liquefied natural gas (LNG) demand across Asia has weakened considerably in recent weeks, dragging down forecasts for global consumption this year and leaving less competition for European buyers eager to displace Russian energy supplies. “We are entering into negative territory,” said analyst Gergely Molnar of the International Energy Agency (IEA). The global energy watchdog expects…

April 21, 2022
Could Russia Look to China to Export More Oil and Natural Gas?

Could Russia Look to China to Export More Oil and Natural Gas?

Russian natural gas could increasingly find a home in China as the countries have strengthened ties in a way that could undermine some of the West’s economic sanctions and lessen the blow of Europe’s move away from imports..  “China is in a difficult position,” geopolitics energy specialist Marco Giuli of the Brussels School of Governance…

March 9, 2022
Russia’s Plans to Send More Natural Gas to China by Pipeline Could Cut LNG Demand

Russia’s Plans to Send More Natural Gas to China by Pipeline Could Cut LNG Demand

Russian state-owned Gazprom PJSC’s latest 30-year supply deal with China National Petroleum Corp. (CNPC) for 10 billion cubic meters (Bcm) per year via a new pipeline, the Far Eastern route, could eventually increase Russia’s capacity to China by 48 Bcm/year and impact China’s future demand for liquefied natural gas (LNG). The deal comes at a…

February 7, 2022
U.S. Could Pass Australia, Qatar as Top LNG Exporter, Says IHS Markit

U.S. Could Pass Australia, Qatar as Top LNG Exporter, Says IHS Markit

The United States has the potential to be the world’s largest liquified natural gas (LNG) exporter in 2022, according to new analysis, boosted by swelling supplies and growing LNG terminal capacity. In a new report by researchers at IHS Markit, the United States could jump from the third largest exporter in 2021 to the top…

January 6, 2022
China Surpassed Japan as World’s Biggest LNG Importer Through October

China Surpassed Japan as World’s Biggest LNG Importer Through October

China became the world’s largest liquefied natural gas (LNG) importer during the first 10 months of 2021, according to data from government agencies.  The U.S. Energy Information Administration (EIA) said China’s LNG imports averaged 10.3 Bcf/d between January and October – a 24% increase over the same period last year. Japan, which for decades had…

December 22, 2021
CNOOC Signs its First U.S. Long-Term Sales Agreement with Venture Global LNG

CNOOC Signs its First U.S. Long-Term Sales Agreement with Venture Global LNG

Venture Global LNG Inc. has signed an agreement to supply a subsidiary of China National Offshore Oil Corp. (CNOOC), China’s largest liquefied natural gas (LNG) importer, with 3.5 million metric tons/year (mmty) of the super-chilled fuel for a 20-year term.  Venture Global would supply CNOOC with 2 mmty of LNG on a free-on-board basis from…

December 21, 2021
Cheniere Signs Another Long-Term LNG Deal With Chinese Buyer

Cheniere Signs Another Long-Term LNG Deal With Chinese Buyer

Cheniere Energy Inc. has entered into a binding 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with Chinese utility Foran Energy Group. Under the SPA, Foran has agreed to purchase approximately 0.3 million metric tons/year (mmty) of LNG from Cheniere Marketing on a delivered ex-ship basis for 20 years beginning in January 2023.…

November 29, 2021
Energy-Hungry China Could Deepen Global Natural Gas Shortage

Energy-Hungry China Could Deepen Global Natural Gas Shortage

While the prospect of a cold winter is threatening to send an energy market already in crisis spiraling further, efforts in China to secure the supplies it needs to get through the season could make matters worse. China is the world’s largest energy consumer, and it has rapidly transformed into a natural gas-buying behemoth in…

October 18, 2021
China’s Thirst for Natural Gas to Test an Already Stretched Energy Market This Winter

China’s Thirst for Natural Gas to Test an Already Stretched Energy Market This Winter

While the prospect of a cold winter is threatening to send an energy market already in crisis spiraling further, efforts in China to secure the supplies it needs to get through the season could make matters worse. China is the world’s largest energy consumer, and it has rapidly transformed into a natural gas-buying behemoth in…

October 15, 2021
Fears Deepen Over Global Energy Shortage as Commodity Prices Continue Hitting Records

Fears Deepen Over Global Energy Shortage as Commodity Prices Continue Hitting Records

Concerns that the world won’t have enough energy supplies to  go around this winter appeared to deepen on Thursday as natural gas prices again set records and governments continued stepping in to ensure the lights stay on.  Coal, natural gas and even water for hydropower are in short supply. In North Asia, Japan-Korea Marker (JKM)…

September 30, 2021
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