..., the companies will cut down on their investment into upstream sector while trying to re-orient themselves towards the development of export facilities targeting foreign markets whose prices can still be relied on. As of today, the US Department of Energy has approved 5 LNG terminal projects, whereas 25 other are considered pending given that Chinese investments that are supposed to support these projects made the issue political rather than just financial. Regasification plants built in the expectation of upcoming LNG ...
... Far East a little and is yet to find the critical gas hydrates. Secondly, as waters warm it may open up some industries like energy and shipping, but affect others like fishing. In warmer waters the fish will swim out more from the shores and out of the ... ... production as it is only producing single digits output vs. 45 million tons extracted by Russia. In fact, Alaska’s Kenal LNG Terminal was closed due to its inability to compete against the new Sakhalin LNG. Moreover, competition in the near future ...
... party without invitation. In all, China faces a tricky game of manipulation as it cannot be inert as it is constantly fighting energy shortages or strain from rising prices for its 1.35 billion people, but too much action may break the thin layer of ice ... ... we know Asia is a leading producer of low-cost consumer goods. Also, in the last decade the world has recorded an upsurge of LNG tankers with Indonesia, Malaysia, Qatar and Australia shipping liquefied gas via Malacca to Japan and Korea. In all, most ...
... essence flooding the market and leading to old contracts to be renegotiated more robustly. Lastly, Europe’s notorious Third Energy Package is set to split gas transmission and storage from commercial activities. This will create a single trading hub ... ... posts stress there are serious problems for certain suppliers in financially breaking-even with such setup.
Hot Subzero LNG
Over the last 10 years LNG-liquefaction capacities increased by 2.5 times around the world to 360 bcm. Major commissioning ...
... at 490 Mt. ES-2030 shows that by 2030 Russia aims to supply 20-25% of Asia’s oil from the current 6% – with China being the main consumer. Further, by 2020-2022 the figure should be around 14-15%. Gas wise, it is amazing that Russia, the energy superpower, sells no pipeline gas to Asia, and only marginally sells LNG from 2009. By 2020-2022 Russia ambitiously aims to reverse this trend by supplying 16-17% of Asia’s gas – with the figure rising to 19-20% by 2030. In all, this shows a positive trend as Russia must diversify its eggs among more than one ...
... explode by 77% since January 2011, with a total of 7% of GDP going to import of energy (See: CNBC). Japan’s interest in US exports has soared, but so far there are few opportunities as out of the 17 projects that have applied for a permit to export LNG to countries "without a free-trade agreement with the US", only one (Cheniere Energy’s Sabine Pass Louisiana) has been awarded the right (See: FinancialTimes).
For Russia and other traditional natural gas exporters, US reluctance to export is helping, but to repeat this may not be for long (See: Energy Tribune). On the ...
... is constantly improving with almost all leading firms now onboard. One is sceptical about European and Chinese prospects, but without innovation in business there is only decline.
Global Impact of Shale - Winners & Losers:
Aside from traditional energy suppliers, the world should benefit as in 2015 the first LNG terminal will be built in the US on the Pacific coast to export shale gas to Japan – where current gas prices stand at around $600 for 1000 cubic meters – that is much more than $400 paid by Europe ($500 paid by Ukraine). Further, in 2016 ...
... may offset some of the costs by developing a local economy and demand, thus making exports less expensive.
- Liquefied Natural Gas with Asia on Route:
LNG demand will increase, particularly in Asia, as developing economies will search for more energy. As a consequence other LNG users will see price rises, for instance Japan will see continuous increases in prices for the next 20 years; especially now as it is disabling its nuclear reactors after the Fukushima Disaster. It will have a serious impact on the already tentative ...
... Gas Dialogue: Russian Gas in the European Market» Joint International Forum held at IMEMO RAN conference hall on 7th December 2012; moderated by Ivanova N. I., RAN Academic and Associate Director of IMEMO RAN, and Eric Dam, General Director of Energy Delta Institute.
Optimism Remains Thin in the Air:
As the world continues to scuffle against the most severe economic crisis, optimism remains thin in the air, conceivably as uncertainty is easier to sell. The IMEMO RAN forum was no different,...
