LNG & Gas Hub Weekly Roundup 25/5

Welcome back to the Weekly Roundup. We hope you had a good week and are managing to enjoy the slight ease in lockdown restrictions. Here are some of our favourite articles from the week, providing an insight into the current climate and major industry developments.

In the latest episode of the LNG Wrap Podcast we hear about plans for 3 new Chinese import terminals, adding 21 million tonnes of new import capacity. China currently has 22 LNG terminals in operation, with a total receiving capacity of 90.35mtpa. According to NDRC, China plans to have 46 LNG terminals (including in-land water terminals) by 2035, and will be able to receive 260mtpa.

China said on Friday it will bolster the capacity of the country’s energy reserves and offer lower gas and electricity charges to key industries, as it looks to ensure energy supply and offset the impact of the coronavirus pandemic.

Höegh LNG said the market for floating LNG import solutions was still solid and it was progressing with ventures in Latin America, the Mediterranean region and Australia.

Venture Global LNG announced this week the successful raising of the second LNG storage tank roof at the company’s Calcasieu Pass LNG export facility.

Thailand’s energy regulator has approved another liquefied natural gas import licence as the country is stepping up efforts in liberalising its gas and LNG markets.

Seven LNG cargoes that loaded from the United States are expected to be delivered into China in May, the highest number of cargoes for this route since January 2018, shiptracking data from Refinitiv and Kpler showed.​

As always, keep checking the LNG Hub throughout the week for new content from industry experts and if you’d like to be involved in future roundups, or any content on the LNG Hub, please get in touch with Tori by emailing toriwilson@dmgevents.com

About the Author

Tori has worked in the marketing team for 5 years across the gas & LNG portfolio

She led the marketing on the WLNG 20th anniversary campaign in Rome last year

She lives in South London with her boyfriend and thoroughly enjoys a pub quiz – albeit online currently!


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