By Naureen S. Malik (Bloomberg) -- The arrest of a top Chinese technology executive means the tariff war that ensnared liquefied natural gas may not have reached a cease-fire, according to the developer of a U.S. project to export the fuel. Liquefied Natural Gas Ltd. has been cautioned by prospective Chinese buyers of supply from the terminal it plans to build in Louisiana … [Read more...]
Nordea Bank to Boost Shipping Finance for Booming LNG Industry
By Jonathan Saul LONDON, Dec 6 (Reuters) - Nordea Bank aims to increase shipping finance activities to the growing liquefied natural gas (LNG)industry, executives at one of the world's biggest shipping financiers said. China's crackdown on pollution and its growing demand for more environmentally friendly sources of power, such as LNG, are boosting demand for ships to … [Read more...]
Rising Ship Supply Helps Ease LNG Charter Rates
By Ekaterina Kravtsova LONDON, Dec 4 (Reuters) - Inflated spot charter rates for liquefied natural gas (LNG) tankers are easing as more ships becoming available, which could help increase LNG trade if Asian demand rises in coming months. LNG charter rates are a key component of spot LNG trade, dictating the way the super-cooled gas is transported. Charter rates usually … [Read more...]
Qatar to Leave OPEC to Focus On Gas
By Eric Knecht DOHA, Dec 3 (Reuters) - Qatar said on Monday it was quitting OPEC from January to focus on its gas ambitions, taking a swipe at the group's de facto leader Saudi Arabia and marring efforts to show unity before this week's meeting of exporters to tackle an oil price slide. Doha, one of OPEC's smallest oil producers but the world's biggest liquefied natural … [Read more...]
China Gas Boom Opens Free Market Cracks for Trucks and Ships
By Dan Murtaugh (Bloomberg) -- So you want in on China, the world’s fastest-growing gas market? It would have been virtually impossible last decade. The only gas seen in China was pumped from its own wells and sold at prices strictly regulated by the government. Today, things are vastly different as China has become the world’s biggest importer. Its battle … [Read more...]