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liquefied natural gas (LNG)

GLOBAL LNG-Prices on downward spiral amid warm winter, high stocks

SINGAPORE: Asian spot prices for liquefied natural gas (LNG) continued their downward spiral this week, falling to a four-month low as demand from top buyers Japan and China failed to materialize amid ample inventory. Spot prices for January delivery in North Asia LNG-AS were estimated at about $9.80 per million British thermal units (mmBtu), down 20 cents from the previous week, while spot prices for cargoes delivered in February were estimated at about $9.70 to 9.80 per mmBtu, according to trade sources. The market…

Government presented gas load shedding management plan

ISLAMABAD: The government of Pakistan on Thursday has presented the gas load shedding plan for winters, in accordance to offer gas to all the users including household and commercial. The plan is offered prior to winters, as gas load shedding is very common in various parts of Pakistan, making life miserable for number of people. According to details, this plan recommends to supply gas to al the consumers in winters by also supplying Liquefied Natural Gas (LNG) as an alternative of Sui gas. The details also…

Government prepares to reallocate LNG terminals to appropriate site

ISLAMABAD: The Ministry of Maritime Affairs has affirmed that the existing liquefied natural gas (LNG) terminals have been positioned without any detailed study related to safety vulnerability, therefore, the government is preparing to reallocate these terminals to other appropriate sites with safety measures. According to sources, the government has commissioned the Ministry of Maritime Affairs to prepare a cost-benefit analysis and a detailed study for shifting the existing LNG terminals to some other place, keeping…

Pakistan inquires for 3 LNG cargoes for Jan & Feb delivery

LONDON: Pakistan LNG, a subsidiary of state-owned Government Holdings, said on Monday it was seeking three liquefied natural gas (LNG) cargoes for delivery in January and February, with bids due by Dec. 5. The delivery windows are for Jan. 21-22, Feb. 3-4 and Feb 21-22, it said in a tender document. Pakistan LNG has not issued a tender for LNG since late June, when it sought five cargoes for September and October deliveries. It also cancelled a tender for six cargoes for July-August deliveries due to high offers.…