The world’s largest producer of LNG, Qatar Petroleum (QP) has confirmed that it is on the verge of securing a new long-term supply deal for fuel… contrary to reports that major Asian-based consumers are seeking spot market cargoes to further growth instead. The Qatar Energy Minister explained in a recent interview that any talk around a fall in long-term LNG deals was “just a myth” and that QP’s spot market volumes were not dwindling. It…

According to the Energy Information Administration (EIA), deliveries of natural gas to facilities producing liquified natural gas (LNG) in the US for export set a new monthly record in July 2019. It was reported by the EIA that an average of six billion cubic feet of natural gas was being delivered per day, making up a total of 7% of the total United States dry natural gas production. Among all U.S. natural gas consumption sectors,…

According to a recent monthly report by energy consultancy EnergyQuest, Japan remain on top as the largest importer of Australia’s LNG. The report indicates that Japan makes up 39% of the country’s total exports, which equates to 29.5 million tons of Australian LNG. The gap between first and second is slowly closing though. Australia’s increasing import demand has seen supply grow 46% in China’s LNG in the 2019 financial year, and the Australian import market…

CEDIGAZ has released its ‘Medium and Long Term Natural Gas Outlook 2019’. The non-profit association CEDIGAZ have recently reported that natural gas will play a crucial role supporting the global energy transition and meet all targets set by the NDCs. The LNG market is fast becoming one of the most competitive around, with the likes of Qatar exporting the most, and China importing the most, producing impressive growth figures of the last few years. Moreover,…

Recent forecasts suggest that Qatar’s economy could be set to double by the end of  in 2019, largely due to its LNG growth. Foreign investment law The recovery from low oil prices, multiple new LNG projects and a host of economic reforms have all contributed to the country’s strong LNG market expansion. Earlier this year, Qatar’s foreign investment law was implemented which allows foreign investors to directly invest in any sector in Qatar. Previously, companies…