... with Gazprom on the European gas market, has been most successful in Egypt. Egypt’s largest project,
Zohr
, is being run as a concession by Italy’s Eni S.p.A. (50%), Rosneft (30%), Britain’s BP (10%) and Mubadala Petroleum (10%).
Using Egyptian LNG capacity, Rosneft can achieve the coveted goal of supplying its own natural gas to the European market to compete with Gazprom. Gazprom itself also supplied LNG to Egypt until recently. However, the situation has changed in recent years. For the time ...
... There is currently 1,700 gigatons of carbon dioxide stored in the Siberian tundra, twice the amount currently in the earth’s atmosphere. Thus far, the Russian government has signaled that it is likely to continue investing heavily in cleaner burning LNG, hoping to own a 25% market share in the coming decades. Although LNG does represent a cleaner alternative to coal and diesel fuels, there is still room for renewables to become a vital component of the energy mix—particularly, in the Arctic. What ...
... running from Ashkelon in Israel to El-Arish in Egypt (about 90 km). Even though Egypt has no particular need for gas imports, it is striving to create a gas hub. Egypt is
planning
to receive gas from neighbouring states, liquefy it at the Egyptian LNG plant (Idku LNG with a capacity of 7.2 m. tonnes a year), and sell it on global markets, sending it by tanker to Europe or Asia.
Egypt’s interests have taken this turn since it has had fewer problems developing and selling its own natural gas, while ...
... the difficulties in stabilizing China’s economy and in implementing its policies on the domestic and foreign markets, including the energy sector.
The trade conflict with the US resulted in China demonstrating its independence from American oil and LNG. For three months (between September and November 2018), Chinese companies did not purchase American oil and resumed imports in December 2018, purchasing only insignificant amounts. China quickly found replacements; Iran offered the required quantities ...
... can be generally described with the English saying “back to normalcy.”
As for Moscow, it continued the consistent implementation of its socioeconomic development of the Arctic Zone of the Russian Federation (
AZRF
) programme in 2018. The Yamal LNG plant reached its design capacity. Seven out of fifteen icebreaker-class LNG carriers capable of delivering freight to customers all year round already sail the Northern Sea Route (NSR), transporting gas from the Port of Sabetta. Novatek
plans
to ...
The Specifics and Challenges of LNG Trade in the Region
The fight for energy flows in South Asia has intensified to such a degree of late that it can be compared with the competition in the European market. Just like in Europe, gas contracts in the region reflect the strategic visions ...
... which notes that gas production in the country increased from 18 billion cubic feet (511 cubic metres) in 2005 to 26.9 billion cubic feet (760.6 billion cubic metres) in 2017. The surplus of gas on the domestic market allowed the United States to launch LNG exports in 2016. The country did not become a net exporter of gas until 2017, however, with large-scale import and export operations being carried out with Mexico and Canada.
Source:
EIA
Latin American countries were the main importers of LNG in ...
... replaced by Kuzbass coal. The government of Kazakhstan is aware of these plans, and is seeking new markets for its coal.
A Coal-Free Portfolio
The future of coal in Europe is unclear. As gas grows cheaper due to the gradual increase in the number of LNG suppliers and improvements to the regasification infrastructure, the demand for coal in the region is expected to decline at a rate of
8 to 10 million tonnes per year
. Not only will gas become competitive in terms of its price, it will also be preferable ...
... supply disruptions by implementing “gas stress tests” (modelled by ENTSOG) and to foster solidarity (Regulation 994/2010) between European member states regarding redistribution of storage capacity under Emergency plan. According to CEER, LNG could become a key source of European flexibility and diversification. Thus, this article will summarise and explain the role plaid by the LNG in the establishment of the European security of supply. In 2014 EU had already 8 LNG suppliers, however,...
... what is coupled by its strategy of diversification from Russia in the aftermath of Ukrainian crisis. At the same time, growing demand for gas in post-Fukushima Japan (who shut down its remaining nuclear reactors) has become a target for the American LNG whose price remains competitive given the abundance of gas resulting from the so-called shale revolution. The US government also conceived a number of programs to help finance oil and gas projects in other countries and to provide technical expertise ...
