GAIL (India) Limited announced the signing of a Memorandum of Understanding (MOU) with Sumitomo Corporation, Japan (Sumitomo). Under the MOU, GAIL and Sumitomo will pursue business opportunities in natural gas and LNG value chain business ...
German utility group E.ON and Qatari producer RasGas have signed a three-year flexible deal to deliver up to 2 billion cubic meters of LNG over the term of the deal from Qatar to the UK's Isle of Grain LNG import terminal, where E.ON has ...
Tags: RasGas, LNG contracts
Japan's LNG imports in January rose 1.2% from December to 8.18 million mt but fell 0.8% year on year, data released Thursday by the Ministry of Finance showed. Australia was the largest supplier with 1.73 million mt of LNG, up 10.4% year ...
Tags: LNG Imports, Chemicals
India's state-owned gas utility GAIL expects to import 34 spot LNG cargoes in fiscal year 2013-14 (April-March), more than double the 16 spot cargoes it imported in the previous year, to meet demand for the Dabhol LNG terminal and make up ...
Tags: Metallurgy, Mineral, Energy, gas
Only a change in the price formation mechanism will reflect the current supply-demand situation for LNG in Asia, not just a bid to reduce the price level, Jonathan Stern, professor at the Oxford Institute for Energy Studies, said at a ...
Tags: price formation mechanism, LNG, Asia
Repsol on Tuesday announced a $6.7 billion deal that will see Shell purchase a package of LNG assets from the Spanish firm. Repsol will sell Shell its interests in LNG facilities in Trinidad and Tobago, Peru and Spain as well as LNG ...
Asia will become the second-largest global natural gas market after North America by 2015 with annual demand rising to 790 billion cubic meters, the International Energy Agency said in a report released Tuesday. "Asia is already home to ...
Tags: natural gas market, Chemicals, Metallurgy
Japan imported 6.66 million mt of LNG in November, almost stable from October, when imports were recorded at 6.67 million mt, customs data released Thursday by the Ministry of Finance showed. However, LNG imports were down 4.5% from ...
Tags: Japan, LNG, LNG imports, Japan economy