Lng

Global Oil & Gas: LNG Project Sanctions Set to Surge in 2019

Posted on by Mozambique Resources Post
Global Oil & Gas: LNG Project Sanctions Set to Surge in 2019

Uncontracted demand by the world’s seven largest liquefied natural gas (LNG) buyers could increase four-fold to 80 million tonnes per annum (mtpa) by 2030, according to Wood Mackenzie.

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Global Markets: Trafigura boosts LNG volumes by 22%

Posted on by Mozambique Resources Post
Global Markets: Trafigura boosts LNG volumes by 22%

Trafigura, one of the world’s largest commodities trading firms, said its LNG volumes rose 22 percent in the 2018 financial year, driven by a surge in demand in Asia. The Geneva-based independent company traded 9.85 million tonnes in the financial year that ended September 30, as compared to 8.1 million tonnes a year ago, according to Trafigura’s annual report. This figure was boosted by sales to China and South Korea, with the Asian share of…

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Global Markets: LNG Prices under pressure due to warmer weather

Posted on by Mozambique Resources Post
Global Markets: LNG Prices under pressure due to warmer weather

Liquefied natural gas (LNG) prices remain under pressure amid warmer temperatures in the Northern Hemisphere, with more warm winter months projected in the world’s top three LNG importing countries – Japan, China and South Korea. The downward trajectory in oil prices, particularly London-traded Brent crude futures, is also weighing on LNG prices, especially spot prices in Asia which represents around nearly three-quarters of all global LNG demand.

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