GLNG Week 04
P. 1
Issue 599 30•January•2020 Week 04
Safe European hopes
The LNG industry is hopeful that Europe will be able to absorb more supply this year, as a global glut of the fuel continues to weigh on prices.
Pricing push fails
India had lobbied Qatar to delink its LNG contracts from the oil index, to no avail.
Record highs
China’s imports of LNG climbed 12.2% year on year in 2019 to a record high, despite concerns that the country’s economic slowdown would hurt demand.
Frozen assets
Russia’s Novatek has delayed the launch of the fourth train of its Yamal LNG plant in the Arctic, marking a setback in the company’s growth plans.
