Search results for: LNG Trading

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  • 17 January 2019

    Thai state-run oil and gas company PTT is reportedly setting up a liquefied natural gas (LNG) trading desk in Singapore. 

  • 23 April 2018

    The international group of liquefied natural gas importers (GIIGNL), reported the highest rise in LNG supply since 2010. 

  • 2 May 2016

    Japan, the world’s buyer of liquefied natural gas is aiming to establish an international LNG trading hub by the by the early 2020s, according to a statement by Japan’s Ministry of Economy, Trade and Industry.

  • 12 July 2017

    Worldwide natural gas demand is expected to rise 1.6% per year during 2014-35 and this growth in absolute terms would outstrip that of all other energy sources, a study released by the French international association for gas, Cedigaz, said Tuesday. Cedigaz sees natural gas and LNG as “a key transition fuel” towards an increasingly renewable-based, efficient and sustainable […]

  • 26 October 2015

    Singapore is aiming to establish a domestic gas trading market as it looks to become the centre of LNG trading in Asia. “To enhance the trading environment, we plan to establish a Secondary Gas Trading Market (SGTM) in Singapore, where gas buyers and sellers can trade gas on a short-term basis domestically,” S. Iswaran, Minister for Trade […]

  • 5 April 2016

    Global LNG trade hit record high in 2015 driven by new volumes from Australia and Indonesia, GIIGNL, the International Group of Liquefied Natural Gas Importers said in its latest annual report. According to GIIGNL, global LNG trade has grown by 2.5% in 2015, with total quantities reaching an all-time high of 245.2 MT over the year. […]

  • 2 February 2017

    Polish Gas and Oil Company (PGNiG) on Wednesday opened a trading office for liquefied natural gas (LNG) in London. The office, that is being opened at times when the UK is leaving the European Union, is being run by PGNiG Supply and Trading GmbH, a Germany-based subsidiary of PGNiG. PGNiG said earlier it aims to start buying […]

  • 4 May 2016

    Hong Kong-based commodity trading house, Noble Group, has reportedly appointed former Total SA LNG trader Idoia Monje Norte to its liquefied natural gas desk in London.

  • 26 July 2016

    Switzerland-based MET International, the natural gas trading arm of MET Group, said it has completed its first liquefied natural gas (LNG) import transaction. MET International has purchased a cargo into Italy on a DES basis in mid-July to cover its downstream demand, according to the company’s statement. The cargo has already been discharged with MET […]

  • 19 April 2019

    Commodity trading company Vitol saw its liquefied natural gas business grow over the past year with the volumes of traded chilled fuel increasing.

  • 26 March 2018

    Commodity trading company Vitol nearly tripled its traded volumes of liquefied natural gas last year as the LNG market continued to grow. Vitol traded 7.4 million tonnes of the chilled fuel in 2017, the company said on Monday. This compares to 2.6 million tonnes of LNG Vitol traded in 2016. “In LNG, where we have […]

  • 27 March 2017

    Japanese utility, Kansai Electric Power decided to establish an LNG trading unit in Singapore as it looks to strengthen its LNG procurement and sales.

  • 20 February 2017

    By 2020, the size of global LNG trade is projected to grow by 50% compared to volumes in 2014, driven particularly by LNG exports from Australia and the USA, oil and gas major Shell said in its first LNG Outlook. One-third of the LNG supply capacity growth is from facilities that recently commenced commercial operation. The remaining […]

  • 18 September 2019

    Commodity trading company Vitol and ENH, the National Oil Company of Mozambique have launched a joint venture commodity trading company focusing on LNG. 

  • 7 December 2016

    Trafigura, one of the world’s largest commodities trading firms, said its LNG volumes rose 53 percent in the 2016 financial year as the global LNG market continued its rapid expansion. The independent trading company increased its LNG trade to 6.4 million mt in the financial year ended September 30, from 4.2 million mt a year ago, […]

  • 19 September 2013

    Singapore, the country which is emerging as Asia’s LNG trading hub, will host industry decision makers at the 5th World LNG Series: Asia Pacific Summit next week to discuss the changing demand for LNG in Asia Pacific. Over 250 government and commercial leaders from countries as diverse as Australia, China, France, India, Japan, Mozambique, Singapore, […]

  • 21 January 2015
    Project & Tenders

    Chevron informed that its Australian units have signed a binding Sales and Purchase Agreement with SK LNG Trading.

  • 4 December 2013

    RWE strengthens its presence in Asia as part of its growth strategy in the East. The new presence in Mumbai, India, was opened on 28th November 2013 by the CEO of RWE Supply & Trading, Stefan Judisch, in the presence of the Director General of the Indo-German Chamber of Commerce Bernhard Steinrücke and around one hundred […]

  • 12 May 2017

    The United States has reached a trade agreement with China that could boost shipments of American liquefied natural gas (LNG) to the world’s largest energy consumer. The agreement covers 10 areas where trade negotiators from the U.S. and China have reached consensus, including agricultural trade and market access for financial services. “The United States welcomes […]

  • 10 September 2015

    CME Group and Rim Intelligence, Japan’s provider of energy price and information services signed a license agreement to permit CME Group to exclusively develop and clear energy derivatives based on the Rim DES Japan LNG Assessment, available for submission to CME Clearing via the Japan OTC Exchange, and through OTC brokers.

  • 10 March 2016

    Switzerland-based MET International, the natural gas trading arm of MET Group, has created a liquefied natural gas (LNG) trading desk that will be based at the company’s headquarters in Zug, Switzerland. Diego Galimberti, who was previously the head of long-term gas supplies and LNG at Axpo Trading, has been hired to lead the company’s new LNG […]

  • 28 June 2017
    Business & Finance

    The LNG trade is undergoing a transformation driven by new players, a growing tanker fleet and changing patterns, which emerged amid an increase in the number of LNG importing nations, according to DNV GL. Until recently, the LNG seaborne trade represented only eight per cent of the total gas trade and was limited to a few large […]