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Gas market
Latest news related to the gas market.
Asia significantly increased LPG imports from the US as Middle Eastern supplies plummeted by 73%.
Tensions in the Middle East have caused a severe drop in LPG supply, forcing India and China to redirect to the US and pushing the price difference to a record high of $250/tonne.
Market
Japan is ready to intervene in the market as the yen approaches the 160 JPY/USD mark.
Finance Minister Satsuki Katayama affirmed that Japan is maintaining the highest level of vigilance and is ready to take decisive steps to stabilize the exchange rate.
Efforts to stabilize the market amidst fluctuating gasoline and oil prices.
The sharp increase in gasoline and diesel prices in recent days is putting significant pressure on production and consumption costs. In Nghe An province, although the supply of basic goods remains secure,...
Algeria increases crude oil and natural gas production, strengthening its energy position by 2026.
With oil reserves of 12.2 billion barrels and natural gas reserves of 2.5 trillion cubic meters, Algeria plans to increase production from April 2026 to meet high demand from Europe amid complex geopolitical circumstances.
PV GAS imports 140,000 tons of LNG, increasing domestic gas production by 5% to respond to the Middle East conflict.
PV GAS has arranged two LNG shipments in March 2026 and increased production at the Dinh Co plant in Ca Mau to ensure supply amidst a 50% increase in global gas prices.
The supply of liquefied natural gas to Vietnam has been disrupted.
At least two supertankers carrying crude oil were hit by missiles while transiting the Strait of Hormuz. This development has forced PVGas Trading to adjust its delivery schedule and is also unable to...
Russia intensifies its gas strategy: Shifting towards LNG and exploring new markets.
Russia is paying increasing attention to the liquefied natural gas (LNG) trade, while still maintaining exports of its "specialty" natural gas via pipeline. However, the rapid transformation of...
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