"It's a big short in a long market. I expect participation to be huge," a trade source said. The tender is expected to draw large crowds, given generally weak demand for LNG, Reuters reported.
South Korea's demand is seen as a potentially key determinant of winter spot LNG prices in Asia because the country has to replace so much lost nuclear output caused by September's earthquake, Reuters reported.
This would be the second time Japan's Inpex and Shell have proposed to increase output from the deepsea field offshore eastern Indonesia. The field was initially expected to produce 2.5 mpta of LNG, Reuters reported.
Qatar must lock in buyers for its unsold supply just as new Australian and U.S. producers muscle into its prized Asian markets, Reuters reported.
New LNG-powered cruise ships set for delivery starting in 2022, but Royal Caribbean will test fuel cell technology on Oasis- and Quantum-class vessels next year.
The nearly 40-year-old LNG terminal is preparing for a starring role in the global LNG market.
Ivory Coast has French-speaking West Africa's most reliable power production sector and exports electricity to its neighbors. Lack of new domestic gas discoveries raises concerns of a supply crunch, Reuters reported.
Giant gas reserves offer Mozambique an opportunity to transform itself from one of the world's poorest countries into a middle-income state and a major global LNG exporter.
Lower global energy prices have encouraged South Africa to push ahead with gas-to-power projects as it looks to quickly increase electricity supply capacity following nationwide outages in 2015, Reuters reported.
The Gladstone LNG export facility run by Australia's Santos will shut down one production line from early October to around Oct. 23, Reuters reported.
India's Bharat Petroleum has launched a tender seeking three LNG cargoes in total for delivery in October, November and December, trade sources said.
The difference between U.K. NBP/Dutch TTF price at $4.60 and U.S. export price of $3.55 less fees and costs does not leave a fixed-cost contribution margin.