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liquefied natural gas

Pakistan LNG seeks more cargoes through emergency tender
Markets

Pakistan LNG seeks more cargoes through emergency tender

  • Record high spot LNG prices due to freezing temperatures in North Asia are forcing emerging economies such as Pakistan to ration gas and seek alternative fuels.
  • Pakistan LNG, a government subsidiary that procures LNG from the international market, is seeking three cargoes for delivery over March 11 to 12.
Published 22 Jan, 2021 08:23pm
Pakistan LNG seeks Feb cargoes again after supplier unable to deliver
Markets

Pakistan LNG seeks Feb cargoes again after supplier unable to deliver

  • Pakistan LNG, a government subsidiary that procures LNG from the international market, is seeking the cargoes for delivery over Feb. 15-16 and Feb. 23-24.
  • Pakistan LNG said on Saturday that a supplier, who had submitted the lowest offer in a buy tender that the company closed in late December.
Updated 19 Jan, 2021 11:14pm
Pakistan opens bids for 20 onshore petroleum exploration blocks
Markets

Pakistan opens bids for 20 onshore petroleum exploration blocks

  • The minimum investment to be carried out by the exploration and production (E&P) companies in these blocks for prospecting will be over $71 million in three years.
  • The move to grant licences for discovery comes after a gap of several years as the country is facing depleting gas reserves.
Published 15 Jan, 2021 07:54pm
Freezing temperatures push Asian gas prices to new records
Markets

Freezing temperatures push Asian gas prices to new records

  • If the cold weather abates, prices may be near a peak as demand for heating fuel diminishes, traders and analysts said. Temperatures are expected to rise to above-average in Tokyo, Beijing, Seoul and Shanghai over the next few weeks, weather data from Refinitiv Eikon showed.
Published 13 Jan, 2021 11:09am
Global natural gas production down 3.6pc in 2020
Markets

Global natural gas production down 3.6pc in 2020

  • Output fell to 3,918 billion cubic metres (bcm) with North American production hardest hit, Rystad Energy estimates showed, lower than a previous estimate.
  • Reflecting the impact of lockdowns to curb the spread of the coronavirus, demand in Europe fell by 7%, or 40 bcm
Published 11 Jan, 2021 05:37pm
US natgas futures set for best year since 2016
Markets

US natgas futures set for best year since 2016

  • Front-month natural gas futures for February delivery rose 5.9 cents, or 2.4%, to $2.481 per million British thermal units.
  • Couple that insight with today being the last trading day of 2020 and we are seeing increased volatility early in the session.
Published 31 Dec, 2020 09:02pm