BEIJING, Aug 19 (Reuters) - State-owned China National Offshore Oil Corporation (CNOOC) has been struggling to find end-users for liquefied natural gas (LNG) to be imported from Qatar because of high import costs, Chinese media said. The leading LNG importer is scheduled to begin shipping the clean fuel from September under a 2-million-tonnes-per-year (tpy) supply deal. Most [...]
Thursday, July 2, 2009
Gas Producers Count on Oil-Linked Contracts in Qatar (Update1) By Ayesha Daya and Robert Tuttle June 30 (Bloomberg) — Natural gas exporters, meeting in Qatar today amid a supply glut, are probably discussing the price of crude oil. Russia, Qatar, Algeria and Indonesia are among gas producers that link long-term export contracts to oil prices rather than gas. [...]
Sunday, June 28, 2009
Asian spot LNG prices strengthen in late June on storage demand Singapore (Platts) – 26 June 2009 Asian spot LNG prices looked a touch stronger again in the fourth week of June as demand from companies looking for cargoes for floating storage supported summer prices. Platts’ August LNG Japan Korea Marker climbed to $4.375/MMBtu, its highest [...]
Sunday, June 28, 2009
First LNG shipment from Tangguh likely headed to Korea The Jakarta Post , Jakarta | Fri, 06/26/2009 7:59 PM | Business The giant project in Tangguh, West Papua, will deliver its first liquefied natural gas (LNG) shipment next month, with the destination likely to be South Korea, not China as initially planned, the energy minister said Friday. “The [...]
Sunday, June 28, 2009
South Korean firms agree on new LNG prices-Indonesia Reuters - Friday, June 26 JAKARTA, June 26 - South Korean steel maker POSCO <005490.KS> and utility firm K-Power have agreed to a base liquefied natural gas price equivalent to an oil price of $38 per barrel, Indonesia’s energy minister said on Friday. “Previously, we have been criticised because the price [...]
Thursday, August 20, 2009
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