... which both makes it hostage to old overlapping conflicts and opens up certain opportunities. It is important to remember that gas reserves in the Mediterranean shelf discovered in the XXI century total
over 3.8 trillion
cubic meters. The key fields are ... ..., 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 ...
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 of the key geopolitical and regional players with regard to Southeast Asia’s development prospects.
The Persian Gulf countries have historically been the main suppliers of energy resources to ...
... of the Pipeline, and Who Will Not
News about the construction of the Nord Stream 2 gas pipeline can be heard almost every day, like reports from the front lines. In reality... ... criticism, and a 2014 visit of U.S. senators to Bulgaria was soon followed by the refusal of the authorities in that country to go ahead with the Gazprom project to build... ... 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...
... Until recently the prices in North East Asia, North West Europe and North America were divergent, however in 2015 NBP and Asian LNG spot prices reflect similar patterns. Only Henry Hub price (determined by shale revolution, reduced Import, low coal price in the EU and low industrial demand for gas as well as post-Fukushima nuclear dismantlement) remains cheaper, giving the USA additional incentives for export. Today, 53% of the EU (80% in North West EU) gas supplies are traded in gas-for-gas markets ...
... depend on willingness of engagement. As a number of speakers said it will be vital for USA to finally ratify the overdue UNCLOS (laws of maritime trade), as it does not fall... ... seafloor by about 1.7 million sq km, where an estimated 30% of world's untapped gas and 15% of oil is preserved (Daily Mail, 2013). A similar claim was made by Russia... ... 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...
... the use of fishing boats (Bateman et al, 2007). At the same time, littoral states do not want to see state navies of China and USA to get involved due to sovereignty fears. It will be thus vital to see how regional coast guards develop alongside bilateral ... ... 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 ship types are growing in demand with Khalid (2009) even underlining that by ...
... level of capital expenditures due to significant number of existing LNG import facilities that can be quickly converted for LNG exports (albeit LUKoil does not underline the huge cost). A lot will depend on the US political climate as its current weak economic footing gives a lot momentum for those that believe exporting gas will damage the domestic economy via high prices. Interestingly, USA’s natural conventional gas production will actually fall steadily, which may raise worries if the unconventional gas ...
... states. But still, Gazprom made good progress by shifting 9% of Japanese LNG and 7% of its oil in 2011 to Asia. Vladivostok LNG terminal, due for launch in 2017, will increase capacity matching the rising demand, particularly as recent events have benefited ... ... companies and academics nevertheless did not abandon the possibility that it could become a reliable partner for South Korea gas needs. Perhaps, in the perfect world, where the last delegate to DPRK is not Denis Rodman and it does not want to destroy USA, both South and North could cooperate in all fields, including energy matters.
At a junction – ES-2030:
ES-2030 ...
... ShanghaiDaily). Interestingly, even with spectacular growth rates of shale production in the USA, its has had relatively small indirect impact on global prices - as many anticipated... ... 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... ... 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...
... states have shale operations. As a result, US natural gas imports fell by 45% whereas LNG import decline by 19% since shale inception. Impressively, by 2015 the overall energy... ... should increase to 43% and by 2035 to 60% – if correct, making US the leading gas producers in the whole world, although that is a very high target.
Characteristics... ... the US, and arguably as many observers believe it will only be successful there, is USA’s relatively open and liberal market. Chesapeake Energy, which is now one...
