Lng supplies for asian markets

From: farsxxx
Added: 17.02.2021
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In , India imported 1. Energy Information Administration. After initial procurement contraction in early due to the onset of the COVID pandemic and subsequent lockdowns, India took advantage of multi-year low spot prices — coming from both a prolonged overhang of the fuel, due to ramped-up production in the U. India commissioned its sixth LNG import terminal last year, and it has four more under construction that are expected to come online by Its terminal expansion coincides with the country trying to put in place a major gas pipeline grid to cover around two-thirds of the country. Going forward, India will have to decide whether it wants term supply deals using an industry standard oil-indexation formula, or a mix of oil and spot price indexation as well as shorter-term flexible pricing against other benchmarks.
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Qatar could not have a better start to , first scoring a major political goal by restoring diplomatic relations with Saudi Arabia and ending its almost 4-year long embargo. Following a political breakthrough came an unexpected revenue bonanza which saw Doha happily riding the waves of spiking LNG prices in Asia. The combination of both developments — Qatar casting away its pariah state and probably playing a more nuanced role as it finds itself between Saudi Arabia, Iran and the still-skeptical UAE, as well as its low-cost LNG production becoming a staple diet of North East Asian LNG demand has elevated the Middle Eastern state into worldwide limelight. All this, however, also means that the manifold connections Qatar has been trying to build with Europe may start to languor. Graph 1.
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Oil Industry’s Dash for Gas Comes With Risks

Platts Commodities Bulletin is a daily regional round-up of the top, most recent news, in-depth features, information on our events, and a summary of what's new on platts. New and Discontinued Price Symbol Alerts are issued when we launch new assessments and announce discontinued assessments. The Holiday Schedule Alert is sent on Friday and provides information on the world's regional and national holidays impacting the publishing of our assessments, market reports and news wires over the week ahead.
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These sectors, ranging from LNG bunkering in Singapore to residential gas usage in India, will gain traction in even as new countries in Southeast Asia like the Philippines and Vietnam are expected to progress towards their first LNG regasification projects. On the supply side, regional exporters like Indonesia and Malaysia, and producers like Thailand and Myanmar, will continue to struggle with structural declines in domestic gas production. China, the largest gas producer in the region, will hit record high domestic gas output, but still miss its own targets. Big gas exporters Qatar, the US and Russia — the trio famously known as the Camel, the Eagle and the Bear in the oil market — will further entrench their foothold in Asia as they fight for market share in
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