CHINA NEEDS U.S. LNG
May 19 Chinese buyers are eyeing long-term supplies of liquefied natural gas (LNG) from U.S. company Cheniere Energy, an official from the firm said on Tuesday, in what would be the first LNG deal between the world's two biggest energy users.
Cheniere Energy is set to become the first U.S. LNG exporter, with shipments to start by the end of this year. However, no Chinese companies have signed up for any U.S. LNG cargoes so far.
That could change soon: "There's a lot of interest from Chinese buyers for long-term LNG volume, especially for 2020 onwards," said Nicolas Zanen, Vice President for Asia at Cheniere Marketing Pte Ltd, a wholly owned subsidiary of Cheniere Energy Inc.
Zanen said that some Chinese buyers had already begun moving to secure supplies, although without providing any details.
"The Chinese market is a very interesting market for us. I wouldn't be surprised if in the future we are delivering LNG to China. And not necessarily small buyers, big buyers as well," said Zanen on the sidelines of the Asia Oil and Gas Conference in Kuala Lumpur, declining to give more information.
Zanen made the comments following recent controversy in the United States about American companies contracting to ship LNG supplies to China.
The United States, which is seeing demand for new exports despite an emerging glut, is set to become the world's third biggest exporter of LNG by 2020, behind Qatar and Australia.
Australia's LNG export capacity is set to more than triple to 86 million tonnes a year before 2020, compared to Qatar's annual 77 million tonnes and U.S. expectations of selling 61.5 million tonnes per year by 2020.
Due to soaring output and cheaper oil, Asia's spot LNG prices LNG-AS have fallen by almost two-thirds since February of last year.
|December, 11, 10:25:00|
|December, 11, 10:20:00|
|December, 11, 10:15:00|
|December, 11, 10:10:00|
|December, 11, 10:05:00|
|December, 11, 10:00:00|
REUTERS - State oil company Saudi Aramco last week raised prices for all crude oil grades to Asia in January.
U.S. BLS - Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, and health care.
Отклонение нефтегазовых доходов федерального бюджета от месячной оценки, соответствующей Федеральному закону о федеральном бюджете на 2017-2019 годы, в декабре 2017 года прогнозируется в размере +204,8 млрд руб.
“Tight oil supplies are the wild card. They have reshaped the global outlook in recent years,” observed Ayed S. Al-Qahtani, who directs the research division at the OPEC Secretariat in Vienna. “US tight oil supplies will be the most important contributor but are expected to reach their peak around 2025.”