Gas Please! Who wants to die of cold?

Freezing winds from Siberia have taken over the UK bringing heavy snow to many counties close to the east coast. This cold snap, coupled with an outage at a Norwegian gas processing plant, has fired up the price of gas by about 146%. This is the highest level for at least 10 years. Read more here: https://news.sky.com/story/uk-gas-prices-fire-146-higher-as-cold-snap-hits-11270610

CHINA has overtaken S.Korea as 2nd largest gas importer in the world

Primarily driven by environmental policies by the Chinese government to reduce air pollution, China’s monthly LNG imports reached 7.8 billion cubic feet in December 2017, surpassing South Korea to become the world’s second-largest importer of LNG. This is according to official Chinese government statistics and data from private observers. Read more here: https://www.lngindustry.com/floating-lng/28022018/china-becomes-worlds-second-largest-lng-importer/

Expected trends for Gas in 2018

Gas experts have predicted that increase in oil price will have an influential role in reducing pressure on global LNG pricing particularly in Europe, as companies are looking to adjust their portfolios to strategically position them for an impending energy transition. Hence, gas players are expected to become more flexible and look towards shorter term and consumer-focused deals. Read more here: https://aa.com.tr/en/energyterminal/lng-lpg/what-gas-industry-trends-will-be-seen-in-2018/16354

NLNG business model should be replicated to boost opportunities in Gas sector

At the recently concluded first Nigeria International Petroleum Summit (NIPS) held in Abuja, the Federal Government was urged to replicate the NLNG model where guarantees and incentives safeguarded investments and returns required to set up the company. Nigeria needs to participate in the risk-laden upstream market in order to harness the vast economic opportunities which exist there; and this needs government intervention and support. Read more here: http://www.thisdaylive.com/index.php/2018/02/27/fg-urged-to-replicate-nlng-model-to-increase-gas-sector-opportunities/