Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2014-05-08 18:40:00

SHANGHAI: GAS HUB

SHANGHAI: GAS HUB

Shanghai, China, would be a natural geographic and market position for a natural gas hub in Asia, according to Laurent Maurel, Total senior vice-president for strategy, marketing, and LNG, who also acknowledged that "it won't be that simple" to establish such a hub there or anywhere else in the near term. Maurel made his remarks as part of his presentation "Midstream Gas Monetization," delivered May 7 at the Offshore Technology Conference in Houston.

Maurel noted that an alternative to oil indexation of long-term natural gas prices was needed in Asia and that a regional hub with sufficient infrastructure, a diversity of supply, and multiple end-user access points could provide just such an alternative. He described other potential alternatives like the Japan-Korea Marker as illiquid and higher at times recently than the region's long-term contracts and the Henry Hub price point as too volatile to meet buyers' interests. A liquid physical gas hub in the region, however, could give project financiers the price stability currently provided by oil-indexed contracts, Maurel said, and at the same time decouple its gas prices from crude.

World demand for natural gas will rise 2%/year, according to Maurel, with Asia leading the way at 4%/year growth. In absolute terms, demand will increase from 2,944 billion cu m (bcm) in 2010 to 4,640 bcm in 2030, he said, with Asia's share of demand increasing to 27% from 18% over the same period. The growth in Asian demand would come at the expense of Europe and the former Soviet Union, in which the share of global demand move to 15% from 19% and to 14% from 20%, respectively. The decline in Europe will happen by 2020, he projected, with environmental regulations and the continued phase out of nuclear power working against further erosion after that.

Maurel saw LNG imports into Asia roughly equal to regional gas production as supply sources in 2010, and expected this to remain the case in 2030 even as pipeline imports' share of regional supplies grew. He noted, however, that natural gas prices remain regional, and that this could pose problems for potential US exporters. A combination of oil-based Asian prices easing between now and May 2020, and US export delivered basis prices rising once exports start in May 2016, could see the margin for US suppliers dwindle, he explained, showing a graphic in which they began to converge near $13/MMbtu.

reuters.com

Tags: SHANGHAI, GAS, TOTAL, ASIA

Chronicle:

SHANGHAI: GAS HUB
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

SHANGHAI: GAS HUB
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

SHANGHAI: GAS HUB
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

SHANGHAI: GAS HUB
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

All Publications »