EMAIL DETAILS
SUBJECT:
=?utf-8?Q?It=E2=80=99s_happening!?=
PRI: NORMAL
FROM:
G
greg.m@mkyisland.com
DATE:
2017-11-16 07:07:20
MSG_ID:
<88BFF84A-EAF3-433F-A7B2-A6A818DB3A15@mkyisland.com>
RECIPIENTS:
TO:
J
Jim Biden
<jbiden@lionhallgp.com>
R
Hunter Biden
<rhbdc@icloud.com>
CONTENT:
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PROCESSED
Gentlemen, The longer we wait, the harder it is going to be to get cargos. We need to move fast if the goal is to get cargos by January 1. Excess LNG cargos are already being taken up! See below... Qatar's LNG sell out tightens Asian gas market over winter season Qatar's supplies designated for winter peak demand periods have been assigned for deliveries to China and South Korea, which could lead to a tight Asian market over the season. This development could lead to further increase in Asian spot LNG prices that have already jumped 55 percent since September, and has brought other regions, such as Europe, that depend on Qatari LNG on high alert, Reuters reports, citing trade sources. China's decision to shift away from coal and increase the use of gas to fight its environmental issues has had another effect on the global market that was believed to be swamped with LNG supply. With China's imports rising by 43 percent global gas markets have been squeezed. Qatar's two export players, Qatargas, and RasGas only have a limited number of cargoes free during February and March according to trade sources, leaving little room for response to possible further demand spikes. This is a role Qatar previously played, delivering cargoes to global LNG markets during periods of peak demand Best, Greg Monkey Island LNG Greg Michaels, Chairman and CEO Energy Tower II 11740 Katy Freeway, Suite 100 Houston, Texas 77079 This response was sent via my smart phone. Please excuse the brevity of my response and any typos.
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