WSJ: China LNG demand sucks gas out of global market, raising pr
Jan. 23, 2018 12:44 PM ET|By: Carl Surran, SA News Editor
The price of liquefied natural gas is near three-year highs as China replaces coal with gas, sucking up global supplies of the fuel, WSJ reports.
Chinese LNG imports rose by nearly 50% last year and the country has now passed South Korea to become the world’s second largest importer behind Japan, but the extra imports still have not been enough for some parts of Chinese industry; BASF (OTCQX:BASFY) stopped producing some chemicals at a Chongqing-based facility due to “a supply shortage of natural gas," and says production remains suspended and does not yet known when it will resume.
Royal Dutch Shell (RDS.A, RDS.B), the biggest LNG shipper and producer, estimates trade will increase by a third from 2016 to 2020 to 350M metric tons/year.
Redigert 19.01.2021 kl 20:25
Du må logge inn for å svare
hill
24.01.2018 kl 12:46
1820
LNG shipping bør ha lyse utsikter fremover, med tanke på så stor økning i forbruk av gass.
Må vel være rett tid for å kjøpe LNG aksjer nå, før kursene begynner å starte ny opptur?
Men, hvilken er den beste? ALNG, FLNG, GLNG eller HLNG?
Må vel være rett tid for å kjøpe LNG aksjer nå, før kursene begynner å starte ny opptur?
Men, hvilken er den beste? ALNG, FLNG, GLNG eller HLNG?
Redigert 24.01.2018 kl 12:51
Du må logge inn for å svare