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Important LNG Trade Developments Summed Up by GIIGNL

In a report just published, the International Group of Liquefied Natural Gas Importers (GIIGNL) note that in 2012, LNG trade has seen the first decline (minus 1.9%) in the past thirty years. The strong growth in spot and short term trade seen in recent years (up by 110% from 2009 to 2011) is no longer there, primarily, but not solely, in line with the lack of new supplies. Japan’s power industry. Its…