2021-03-10 11:50:00
PHILIPPINES LNG TERMINAL
ENERDATA - 9 Mar 2021 - The Philippines LNG and gas logistics group Atlantic Gulf & Pacific Company of Manila (AG&P, part-owned by Osaka Gas and JBIC of Japan) has received approval from the Philippines’ Department of Energy (DOE) to develop its 3 Mt/year Philippines LNG (PLNG) LNG import and regasification terminal in Batangas Bay on the main island of Luzon. The project (likely a floating storage and regasification unit, FSRU) should be commissioned by mid-2022.
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Earlier:
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2021, February, 16, 12:05:00
LNG DEMAND UP
Growing liquified natural gas (LNG) demand will reduce market oversupply in 1H21, with volumes of gas in European storage facilities already normalised due to the cold winter in the northern hemisphere,
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LNG DEFICIT
Novatek expects worldwide LNG demand to continue to grow even as countries decarbonise their energy systems.
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LNG PRODUCTION DOWN
LNG Canada initially is to consist of two trains that together would provide 14 million metric tons/year of gas.
2021, January, 15, 11:50:00
LNG PRICES UP ANEW
Spot LNG prices LNG-AS have nearly tripled since early November as freezing temperatures across North Asia boosted demand and depleted inventories. Since July, prices are up a dizzying 1,000%.
2021, January, 14, 14:15:00
LNG PRICES UP
The combination of a severe cold snap in Asia, supply outages and maritime congestion has propelled spot prices for LNG to previously unforeseen heights. The North Asian price benchmark has now risen 18-fold in less than nine months, outperforming other commodities
