... opportunities but a lot more risks?
The Pakistan Stream Gas Pipe Project undoubtedly opens major investment opportunities for Pakistan. Among them are establishment of new refineries; the launch of virtual LNG pipelines; building of LNG onshore storages of LNG; investing in strategic oil and gas storages. Yet, it seems that Pakistan is likely to win more from the Project than Russia. And here’s why. The current version of the agreement signed by Moscow and Islamabad has been essentially reworked. According to it, Russia will likely to receive ...
... Eastern Mediterranean Gas Company, which owns the gas pipeline 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 ...
...
“Indo-Pacific or Community of Common Destiny?”
Iran, which possesses massive reserves of natural gas, faces certain difficulties selling it – not just because of the U.S. sanctions, but also due to the lack of sufficient capacities for liquefying gas. The Iranian programme to develop its LNG capacities involves massive construction of terminals until 2030, but the protracted sanctions stalled the process considerably. Washington’s recent decision to pull out of the Joint Comprehensive Plan of Action once again returns Iran to a situation ...
... metres. Meanwhile, the United States delivered just 2.75 billion cubic metres to Europe during the same period.
This difference poses a risk both for Nord Stream 2 and for Russian gas exports to Europe as a whole. The United States hopes to increase LNG exports and become the main supplier of liquefied natural gas to the global market. There is information that U.S. companies have submitted applications to the Department of Energy (DOE) for licenses to export LNG produced at their plants, the
total capacity
of which amounts to approx. 383 million tonnes per ...
... helps potential and existing shippers find relevant information on services and respective costs what in turn is essential for the overall market development. Despite its key advantage of being the primary and depoliticized alternative to the Russian gas, LNG industry in Europe remains very conservative since it uses only proven unchanged technology. However, there are various LNG infrastructures in use and there is currently enough flexibility of services offered by terminals. For instance, Italy and ...
... gas prices does not provide an incentive to shift to an alternative pricing system.
Rosneft agreements with SODECO, Vitol and Marubeni fix the key commercial parameters that form the basis for future long-term contracts for supplying Liquefied Natural Gas (LNG). In accordance with signed agreements, Rosneft plans to carry out long-term supply of LNG to the Japanese market in 2019.
Photo: CNPC rigs
Adolf Mahin:
China's Energy Strategy
On June 21, 2013, at the St. Petersburg Economic Forum, Rosneft signed ...
... tons of transit cargo pass here, 10 million tons of crude oil pass from Noviy Port and 15 million tons of LNG pass from Yamal LNG facility, where construction of a new Port Sabetta is in full swing.
As Vasiliy Bogoyavlenskiy from RAS outlined, Russia ... ... challenged by foreign fossil fuels, but it will need to contend with onshore shale production both at home and abroad.
Shtokman Gas Field:
I have been especially interested in the progress of the giant Shtokman Gas Field over the last several years, as ...
... 2006 a total of 22,995 oil tanker journeys were recorded via the strait, which is only second to 29,672 container vessels, as 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 2020 Malacca will see traffic of 100,000+ ships by modest estimates. This is a major worry as it compounds the fact that the ...
... the total and we are anticipating a possible export trend from USA. The growth in production of unconventional gas will allow the US to start exporting gas by the middle of the current decade and according to various estimates become a net exporter of gas by 2020. Major advantage of American LNG projects is the relatively low 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 ...
... 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 ...
