An expected surplus of gasoil in Asia from greenfield and upgraded refineries might flow into the marine fuel market in late 2014 or early 2015, trade sources said Wednesday. Asia's maritime industry is looking to the possible supply as ...
Tags: Gasoil, Fuel Market, greenfield
Global ports expect to see LNG account for 13% of the bunker fuel market supply come 2020 and 24% by 2025, according to a Lloyd's Register report Monday. Lloyd's global marketing manager Luis Benito shared the observations at a media ...
Tags: LNG, Bunker Fuel Supply
The global LNG market will remain tight through the end of the decade as growing demand in Asia, South America and Europe outpaces supply constrained by high costs and underdeveloped infrastructure, according to a study released Thursday by ...
Tags: LNG Market, LNG demand
The premium on LNG cargoes delivered into the Asia Pacific market compared with Southwest Europe is down 63 cents/MMBtu, or roughly 19%, since early January on steady demand in the Atlantic Basin from South American buyers. Recent buy ...
The establishment of an Asian regional gas trading hub is still at least five years away, International Gas Union President Jerome Ferrier told a press conference in Sydney Tuesday. LNG importers in Asia are studying plans to establish a ...
Tags: LNG importers, gas, natural gas
In a move that did not entirely come as a surprise, India's Election Commission earlier this week asked the incumbent government to defer a hike in the wellhead price of natural gas that was due to be implemented on April 1. But analysts ...
Tags: Natural Gas, gas pricing, OIL's production
Gas buyers in Asia are facing the same problems of high prices and a monopolistic market that their counterparts in Europe faced a decade or so ago, but there is no equivalent regulatory body that can force suppliers to change their ...
Tags: Gas Markets, Europe's Dilemma
US Representative Pete Olson, R-Texas, on Tuesday called for less federal regulation for oil and gas drilling, including allowing some drilling in national parks. Olson, who spoke at the Texas Independent Producers and Royalty Owners ...
Expedited regulatory approval of proposed US liquefied natural gas export terminals would not lead to their immediate construction nor to near-term deliveries of US gas into Europe, panelists at a Senate hearing said Tuesday. Several US ...
The introduction of the new Wärtsilä 46DF engine emphasises Wärtsilä's leading position in dual-fuel engine technology. Compared to any other alternative currently available on the market its specific fuel consumption is ...
Tags: Wartsila, Dual-Fuel Technology, engine
State-owned PetroChina lost some Yuan 49 billion ($7.9 billion) last year importing natural gas from foreign suppliers and selling it at lower domestic prices in China, the company revealed Thursday when it released its 2013 financial ...
Tags: Natural Gas, PetroChina, pipeline gas
Not content with selling gas domestically, some of China's private gas distribution companies are becoming increasingly ambitious and are planning to enter the LNG import business, competing directly with state-owned LNG buyers such as ...
Tags: Gas, LNG Imports, Natural Gas
Shell's total production of natural gas in China last year rose 25.2% from 2012 to 164,000 Mcf/d, the company indicated in its annual report released Thursday. Output was, however, still lower than in previous years -- 174,000 Mcf/d in ...
Tags: Gas Production, Shell, LNG
France must urgently implement new rules to oblige shippers to import LNG after new gas capacity auctions indicated a massive increase in prices in France's southern PEG Sud market in the coming years, intensive users group UNIDEN said late ...
Tags: LNG Imports, gas capacity, LNG terminals
Spanish LNG throughput dropped 26.2% year on year in the week ending March 9 weighed by a drop to zero at the Sagunto terminal, data published Monday by Spanish gas grid operator Enagas showed. Combined throughput from Spain's six LNG ...
Tags: LNG throughput, national gas