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Total Rejects Force Majeure Notice From Chinese LNG Buyer

2020-02-07 16:32:04| OGI

French oil major accuses a customer of trying to take advantage of coronavirus situation.

Tags: total notice force chinese

 

Shares Of US LNG Firms Cheniere, Tellurian Tumble As China Demand Slumps

2020-02-07 00:00:00| OGI

Shares of U.S. LNG companies tumbled on Feb. 6 as China's biggest importer of the fuel suspended some purchases amid weaker demand and a global glut.

Tags: china demand shares firms

 
 

Tellurian To Sign $2.5 Billion Deal With Petronet LNG During Trumps India Visit

2020-02-03 19:00:00| OGI

Petronet LNG and U.S. LNG developer Tellurian are preparing to sign a $2.5 billion deal during President Donald Trump's maiden visit to India later this month, two sources familiar with the matter said.

Tags: sign visit deal india

 

IMO 2020: What Role Will LNG Play?

2020-02-03 15:00:00| OGI

New emission standards for maritime shipping may help create a new LNG market.

Tags: play role lng imo

 

US LNG Producers Fear Further Price Drops From US-China Trade Deal

2020-01-31 11:20:00| OGI

China has restarted talks with U.S. LNG marketers to buy more LNG, several industry executives told Reuters, but they are worried that any purchases may come too late to keep natural gas prices from falling further due to a glut of global supply. China pledged this month to buy an additional $18.5 billion in U.S. energy products this year, but the U.S.-China trade agreement left tariffs in place, including a 25% levy on LNG imports that puts U.S. LNG at a disadvantage, producers said. "The U.S. doesn't have a margin that would allow any country to charge 25%" above global prices, said Michael Smith, CEO of Freeport LNG, referring to the tariff. Until that tax is removed, "it's a non-starter," he said.

Tags: price trade deal fear

 

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