According to IEA’s report, Asia will become the second largest natural gas market by 2015, right behind North America, with an estimated demand of 790 billion cubic meters. Under the circumstances, CBI BIZ will hold the 6th Asia LNG Forum 2013 on June 18th-19th in Beijing, China. The summit will discuss the future development of [...]
April 23, 2013 | Posted in
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Prices of liquefied natural gas (LNG) for May delivery to Asia fell 12.3% to $15.464 per million British thermal units (/MMBtu) on decreased demand, according to the latest monthly Platts Japan/Korea Marker (JKM) for month-ahead delivery. The monthly average Platts JKM for delivery in May was assessed over the period of March 18 to April [...]
April 18, 2013 | Posted in
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Asia Pacific LNG Market Outlook 2020: The demand of energy is increasing rapidly across the world. In such a scenario, natural gas is increasingly being considered as the fuel of choice for the near future, as it is less polluting than oil and coal. The market for LNG has been growing at a fast pace [...]
Prices of liquefied natural gas (LNG) for April delivery to Asia fell 7.9% from March to $17.636 per million British thermal units (MMBtu), the first drop in the monthly average since October 2012, according to the latest monthly Platts Japan/Korea Marker (JKM) for month-ahead delivery. Price declines were attributed to weak demand as traditional buyers [...]
CB&I said that it has been awarded a contract valued in excess of US$180 million for the engineering, procurement, construction and commissioning work for LNG storage tanks on a project in Asia. Project completion is scheduled for 2015. CB&I is the most complete energy infrastructure focused company in the world and a major provider of [...]
March 18, 2013 | Posted in
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Amid region’s growing reliance on imports, Developing a Natural Gas Trading Hub in Asia identifies obstacles and opportunities for establishing a gas market that reflects supply-demand fundamentals. Asia is expected to become the world’s second-largest gas market by 2015. And yet this market is dominated by long-term contracts in which the price of gas is [...]
February 26, 2013 | Posted in
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AltaGas and Idemitsu Kosan said that the companies have signed an agreement to form the AltaGas Idemitsu Joint Venture Limited Partnership. The Partnership plans to pursue opportunities involving exports of liquefied petroleum gas (LPG) and liquefied natural gas (LNG) from Canada to Asia. “We are excited to partner with Idemitsu, a global leader in the [...]
Asia liquefied natural gas (LNG) spot prices for month-ahead delivery gained 11% from December to January, rising to $17.348 per million British thermal units (/MMBtu) on the back of high winter demand, according to the latest monthly Platts Japan/Korea Marker (JKM) data. On a year-on-year basis, the Platts February JKM marker was up 9% from [...]
Asia liquefied natural gas (LNG) spot prices for month-ahead delivery rose 15.5% in December from November to $15.63 per million British thermal units (/MMBtu), according to the latest monthly Platts Japan/Korea Marker (JKM) price assessment data. “Spot market prices for January-delivered LNG were affected by increased demand from North Asian utilities, especially after colder-than-average winter [...]
Prices of December-delivered shipments of liquefied natural gas (LNG) in Asia rose 4% to $13.529 per million British thermal units (/MMBtu), according to the latest monthly Platts Japan/Korea Marker (JKM). Platts is a leading global energy, petrochemicals and metals information provider and a premier source of benchmark price references. This follows a 0.3% increase for [...]
