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Asian LNG Buying Up 13% In 2017, Chinese Imports Soar 44%
...the largest since spot prices crashed with those of oil in Q3 2014 (the price of term cargoes did fall sharply but not until the first half of 2015 given the oil price linkage in long-term LNG contracts comes with a delay of around six months). WINTER REBOUND Though, long term, prices are se...
Volume: 60Issue: 42Published at Fri, 20 Oct 2017 -
Korea LNG Buying Falls To Seven-Year Low In Q3
...lumes are down by a more modest 1.3% on January-September 2015, but 12% down on 2014’s record levels of 27.20mn tons. • Low Q2 and Q3 buying came after a mild 2015-16 winter left stocks unusually high. However a late-summer heatwave in August led to a surge in aircon use, diminishing stocks. This ha...
Volume: 59Issue: 42Published at Fri, 21 Oct 2016 -
Egypt Keeps-Up LNG Import Momentum With 55-Cargo Award
...llowing the arrival of Norwegian firm Höegh’s 550mn cfd Höegh Gallant floating storage and regasification unit (FSRU) at Ain Sukhna on the Red Sea. The vessel has been leased to EGAS for five years under a deal signed in November last year (MEES, 7 November 2014). Cairo says it expects four cargoes to ar...
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
Suez Canal: Saudi Diesel Boosts Northbound Volumes
...oduce transport fuels to Euro specifications. The 400,000 b/d Satorp refinery in Jubail was brought online in late 2013 and reached full capacity in mid-2014, while the 400,000 b/d Yasref refinery in Yanbu’ was started up in 2014 and is scheduled to reach full capacity this month. Cairo hopes to do...
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
Saudi Products Imports Slump
...nture Satorp refinery ramped up towards full capacity – which it is expected to reach by year end. Gasoline imports fell from 23,000 b/d in January-August 2013 to zero for the first eight months of 2014; gasoil volumes fell to a mere 4,000 b/d. The 400,000 b/d Aramco/Sinopec Yasref refinery at Yanbu on...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Pakistan Sounds Iran Out For Pipeline Financing
...reement between the two countries, Iran is supposed to begin supplying Pakistan with 750mn cfd of gas from 2014 for a period of 25 years at a price of $13/mn BTU, according to Investment Bank Credit Suisse. This takes into account all transportation costs. In a meeting with his Iranian co...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013 -
Qatar, E.ON Ink LNG SPA
...troleum (QP) and 30% by Shell – will supply Gasunie and Vopak’s Gate LNG terminal in Rotterdam from January 2014. The deal is flexible and will allow Qatargas to divert its supply to other customers. Prices will be based on those of continental Europe in what is Qatargas’ first break with oil in...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013