... 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 ...
... original Nord Stream came under strong 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 South Stream on its territory. Even earlier,... ... 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 ...
... 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 that gives reliable price signals thus determining most economic and efficient supply mix. LNG flows (given availability of cargoes not under contract) also respond to these price signal thus becoming more flexible for short-term trading and arbitrage between markets. In other words, surge for LNG will raise its price to attract the cargoes ...
... 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 ...
... marginally competitive only in Spain and the United Kingdom, who pay a higher gas price to Russia than Eastern or Central European states who are more easily reached by pipeline. As we see, Europe won’t be a big US customer. However, American LNG will be vital for Japan and China as well as Turkey who currently imports 98% of its gas from Iran and Russia at a higher price than would be alternatively offered by the USA.Doesn’t the US need its own gas?Given that American demand for electricity is likely to experience a 50% increase in the next 20 years, it seems rational to presuppose that gas will become the optimal choice for power generation. Also, despite ...
... leading place for the foreseeable future as its production of hydrocarbons since 2005 has not been outmatched in the Arctic. USA has peaked in the 1990s, but its 9 Alaskan fields are now in sharp decline and Norway’s Snovhit Field is not matching ... ... 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 ...
... 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 ...
