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Indonesia is reducing natural gas exports to neighboring Singapore as President Prabowo Subianto seeks to shore up domestic supply and strengthen energy security for Southeast Asia’s largest economy.
Tanzania's deputy energy minister met two Chinese firms on 23 October to discuss gas, oil and power, while a US$42 billion LNG project awaits signing. The post Tanzania Weighs Chinese Gas and Power Deals appeared first on The Rio Times.
Hedge-fund managers have amassed a record short position in US natural gas on expectations for an unusually mild northern winter that points to anemic demand for the furnace and power-plant fuel.
US natural gas futures increased slightly as forecasts shifted to show colder weather than previously expected across the eastern US, indicating higher demand for the furnace fuel as consumers crank up the heat. Gas flows to liquefied natural gas export terminals on the US Gulf Coast also rose, leaving less gas within the domestic market and adding upward pressure to prices.
China has stockpiled enough natural gas to meet winter demand, according to analysts, as importers acted early to build supplies in anticipation of price spikes from the Iran war.
Two tankers hauling liquefied natural gas from the US diverted toward Europe in recent days as Asian demand dipped, signaling temporary relief for the tight global market before winter kicks in.