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Apos;There Is Hardly Any Gas apos;: LNG Price Rally Exacerbates Gas Crunch...

2021-01-08T08:25:12Z

FlossieGottshall:

By Jessica Jaganathan SINGAPORE, Dec 17 (Reuters) - Surging spot prices for liquefied natural gas (LNG) are exacerbating a gas supply crunch in key fast-growing emerging markets in Asia just as a cold spell in other parts of the region boosts demand for the fuel. Companies from Pakistan to China have cancelled a flurry of LNG tenders this week, several trade sources said, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-quang-chau-tham-quyen-bang-tuong-5-ngay.html tour quảng châu] as lofty prices risk pushing up the [http://hararonline.com/?s=input%20costs input costs] of industries, which could make energy more expensive for consumers. Benchmark Asia spot LNG prices <LNG-AS> have soared sevenfold since May to six-year highs, driven by production losses in Australia, Malaysia, Norway and Qatar combined with accelerating use in China, India and [https://www.kynghidongduong.vn/tours/tour-trung-quoc-quang-chau-tham-quyen-bang-tuong-5-ngay.html kynghidongduong.vn] elsewhere. "Buyers with no alternatives are now paying top-dollar for prompt cargoes in January," said Chong Zhi Xin, a director at consultancy IHS Markit. The state buyer for Pakistan - one of the fastest growing LNG markets - did not award an emergency tender seeking three cargoes for delivery in January after it received high prices, according to sources. Power plants may opt to burn dirtier but cheaper fuel oil instead, the sources said, but are also facing rising prices in that market. In India, Gujarat State Petroleum Corp (GSPC) and [https://www.vocabulary.com/dictionary/Indian%20Oil Indian Oil] Corp did not award tenders seeking cargoes for January to February delivery, trade sources said. In Bangladesh, gas shortages are already apparent. "We don't have gas for cooking until (the) afternoon during the winter season. There is hardly any gas. I can't even boil water, let alone cook food," said Sumi Akter, a mother of two in the capital, Dhaka. Bangladesh has only imported one spot cargo this winter despite issuing several tenders over the past few months, a senior energy ministry official said. "We have started importing from the spot market but the effort was not successful because of the abnormally high prices," the official added. Buyers in China, the world's second largest LNG importer after Japan, are also feeling the pinch, with one steel trader reporting a rise of around 2% in billet prices in steelmaking hub Tangshan, due to the rise of natural gas prices. Steel mills use natural gas to fuel their furnace for production. China's top buyers PetroChina and China National Offshore Oil Corp (CNOOC) did not award tenders placed on the Shanghai Petroleum and Natural Gas Exchange, while Guangzhou Gas and Guangdong Energy also recently did not award tenders, traders said. Higher prices combined with a gas supply crunch have seen operations at liquefaction plants in some areas in northern China being cut by 20% to 40%, sources added. Top LNG importer Japan's spot power prices have also surged to their highest since July 2018 as cold weather has driven demand for heating. "The LNG prices have reached a point where I don't think it's viable for some price-sensitive buyers," a Singapore-based LNG trader said. A tight shipping market has also accentuated the recent market supply pinch. "It's really the perfect storm, and the fundamentals have supported the price rally," said Robert Sims, research director at Wood Mackenzie. (Reporting by Jessica Jaganathan in Singapore, Ruma Paul in Dhaka, Gibran Naiyyar Peshimam in Islamabad, Muyu Xu in Beijing, Nidhi Verma in New Delhi and Aaron Sheldrick in Tokyo; Editing by Ana Nicolaci da Costa)

Air Travel And Stay At Guangzhou China

2021-01-08T03:00:17Z

FlossieGottshall:

Guangzhou is the capital of the Guangdong province in the People's Republic of China. It is the largest city located in southern China on the Pearl River. It is known for national transportation and is popular as a trading port. Guangzhou is a city that has many tourist attractions, which gives great refreshment to the travelers. If you are planning to visit China then this city is a must visit for you. Every [https://www.jamendo.com/en/search?qs=fq=license_cc:(-nc%20AND%20-nd)&q=country country] has its best and [https://www.kynghidongduong.vn/tours/tour-trung-quoc-quang-chau-tham-quyen-bang-tuong-5-ngay.html tour quảng châu] worst seasons, this city also has. The best travel time for Guangzhou is from October to December, ideal weather conditions which makes travelling more fun. If you are planning a vacation with your family then choose this time and cherish the best moments in this beautiful city. When you are travelling to a strange land, your travel needs to be comfortable and well [http://dictionary.reference.com/browse/planned?s=ts planned]. In order to reach Guangzhou, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-quang-chau-tham-quyen-bang-tuong-5-ngay.html tour quảng châu] by air travel is safe and comfortable. Guangzhou Baiyun International Airport offers best facilities for the travelers. It is about 28 kilometers from the city center of Guangzhou, which is not too far. You will find flights and best services on this airport. In this airport, total 123 flights are scheduled flights, out of which 86 are domestic flights between Guangzhou and major Chinese cities like Beijing, Shanghai and Xian. (adsbygoogle = window.adsbygoogle || []).push(); This Guangzhou airport has hotel and other staying facilities much advanced and well managed. If you want a hotel near to the airport you might get the best options. Guangzhou hotels China is known for their hospitality and earnestness. Every hotel, big or small, has something special to offer to its visitors. Even the transportation system within the city is quite good and organized. Guangzhou Baiyun Airport itself boasts very convenient ground transportation system which gives great luxury to the outsiders. You will find well equipped taxis, shuttle bus lines and [https://www.kynghidongduong.vn/tours/tour-trung-quoc-quang-chau-tham-quyen-bang-tuong-5-ngay.html kynghidongduong.vn] frequent airport intercity bus between Guangzhou and other cities within Guangdong Province. There is Pullman hotel within Guangzhou Airport, which is the only option inside the airport vicinity. In emergency, one can opt for this option. It is an expensive hotel as it offers five star facilities to the travelers. Just a two minute walk from the airport terminal, this Hotel Guangzhou Airport offers superior comfort and convenience to the travelers like complimentary car parking, in room fitness, 24 hour dinning and so much more. It is a stylish hotel with a capacity to accommodate 460 guests offering all the latest amenities. Visit Guangzhou and experience all this and lot more! Kaitlin is an experienced Content writer and publisher on the topics related to [ ] and [ ] she has done post graduation in English literature and regularly writes content for print media such as mgazines,newspapers etc. (adsbygoogle = window.adsbygoogle || []).push();

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2021-01-08T03:00:12Z

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