- Global Markets: LNG Buyers in Asia Look to Resell Supply
- Global Oil & Gas: EU Rules on Methane Curbs May Boost LNG Industry - Exxon
- Global Oil & Gas: Venture Global Accused of Reneging on LNG Contracts for Europe
- Global Oil & Gas: Oil Unchanged as Market Struggles for Direction
- Energy Transition: Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’
LNG imports by state-owned companies coming into China from Nigeria LNG have risen in January 2015. As Platts reveals, six cargoes were delivered to China’s LNG terminals so far, compared to two cargoes from NLNG during January and February last year. China imported only seven cargoes from the Nigerian LNG facility during whole 2014.
Sources reveal that the increase is due to falling spot prices in Asian markets and that most cargoes were part of long-term supply contracts between Chinese buyers and portfolio sellers.
According to sources, two cargoes were delivered to PetroChina while four cargoes were scooped up by China National Offshore Oil Corp.
As Platts reveals, last two cargoes were delivered on Wednesday. One was delivered aboard LNG carrier Solaris to PetroChina’s Rudong LNG terminal while CNOOC’s Tianjin FSRU received a cargo delivered by the Maran Gas Coronis LNG carrier.(LNG World News Staff; Image: Maran Gas Maritime)