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Indian power plant thermal coal stocks triple on-year to 30.23 mil mt: CEA

Combined stocks of thermal coal at 100 Indian power plants were 30.23 million mt Wednesday, three times the 10.08 million mt recorded at power plants at the same time last year, according to data released by India’s Central Electricity Authority at the end of the week.

The volume was also 1.5% higher on the month and […]

By |July 27th, 2015|Energy News, Latest News, Local News|0 Comments

Jordan’s NEPCO issues mid-term LNG tender: analysis

Jordan’s state-owned National Electric Power Co (NEPCO) has issued a request for proposal (RfP) to be supplied with 59,130,000/MMBtu annually over a period of four years, starting 2016, according to a document it released on 23 July.

This equates to around 20 cargoes every year, depending on the calorific value of gas and the size of […]

By |July 26th, 2015|Energy News, General News, Latest News, Shipping News|0 Comments

China’s June LNG imports rise 28.4% on year to 1.72 million mt

Chinese imports of LNG in June gained 28.4% year on year to reach 1.72 million mt, General Administration of Customs data showed.

Imports were more than 50% higher from May, when volumes had fallen to 1.12 million mt, the lowest levels seen into the country since 2012, according to Platts historical data.

Monthly data showed that almost […]

By |July 25th, 2015|Energy News, General News, Latest News|0 Comments

Asian LNG spot prices set to drop further as supplies flood market

Asian spot prices for liquefied natural gas (LNG) already 60 percent off a record hit last year are set to fall further in the second half of 2015 as slowing demand comes up against a flood of supplies and oil prices remain weak.

The average import price into top LNG buyer Japan fell to its lowest […]

By |July 24th, 2015|Energy News, General News, Latest News|0 Comments

Platts Japan Korea Marker for Aug LNG delivery rises to $7.45/MMBtu as availability wanes

The Platts JKM for August delivery gained 20 cents over the Asian trading week to reach $7.45/MMBtu Friday, as sentiment began to firm on dwindling availability.

Ongoing buying interest from traders and portfolio sellers looking to backfill short positions remained apparent, according to several sources, with as many as four requirements for DES cargoes heard in […]

By |July 4th, 2015|Energy News, General News, Latest News|0 Comments

US seeks to use own ships in the carriage of energy exports

After disrupting the world oil supply and price equation with shale discoveries, the US is now seeking to set the agenda in the way crude and gas exports are transported out of the country.

A potentially protectionist approach being taken by the US with respect to the future transport of energy exports is at variance with […]

By |July 3rd, 2015|Energy News, Latest News, Shipping News|0 Comments

Japan May LNG imports fall to 5.75 mil mt, lowest volume since Oct 2010

Japan’s LNG imports fell 11.4% year on year to 5.75 million mt in May, the lowest volume since October 2010 when it was 5.22 million mt, data released Monday by the Ministry of Finance showed.

Mild temperatures and sluggish demand in downstream markets were partly responsible for the decline in imports, it added.

Shipments from Australia fell […]

By |June 30th, 2015|Energy News, General News, Latest News|0 Comments

Essar Oil UK posts $70 million profit in FY15

Essar Oil UK, which owns and operates UK’s Stanlow refinery, on Friday reported a net profit of $70 million for the year ended 31 March compared with a loss of $121 million in the previous fiscal.

The profit was driven by highest-ever refining margin, the company said in a statement in New Delhi. The refinery made […]

By |June 27th, 2015|Energy News, General News, Latest News|0 Comments

India’s naphtha exports seen lower as domestic demand grows

India’s monthly naphtha exports could fall by more than 15 percent from July versus the first-half average of about 450,000 tonnes as domestic demand grows amid growing gasoline appetite, a development that could hurt traders who need the spot barrels to fill their supply shortfalls.

Although India’s current naphtha exports make up less than 15 percent […]

By |June 22nd, 2015|Energy News, General News, Latest News, Local News|0 Comments

Nigeria LNG exports reach $85 bn in 15 years

Nigeria Liquefied Natural Gas Company Limited (NLNG), a joint venture between the government and foreign oil majors, has generated some 85 billion dollars from exports since its inception 15 years ago, the company announced.

“For us, it has been a success story. Between 1999 when we came on stream and now, we have realised some 85 […]

By |June 22nd, 2015|Energy News, General News, Latest News|0 Comments