Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2016-01-10 18:30:00

GLOBAL GAS CHALLENGES

GLOBAL GAS CHALLENGES

The Iranian secretary-general of the Gas Exporting Countries Forum, Mohammad Hossein Adeli, told a conference in Tehran that there were major challenges facing the global gas market, most of which resulted from the world economy's meltdown. The remainder spring from geopolitical changes, he said.

The GECF accounts for most of the world's gas reserves but it has no equivalence with OPEC such as the ability to set production quotas, owing primarily to the differences between oil and gas contracting. And the members are also different: for example Russia is a member of GECF but an observer at OPEC.

Adeli told a conference in Tehran on January 7th that the world economy has not managed to recover from the financial crisis in 2007-2008. This, combined with greater energy efficiency, means gas demand is low.

"The advent of [more sellers of] LNG is another challenge of the gas market," Adeli said and noted that the U.S. has utilised modern technologies to produce gas from shale, so that the country has been turned from a gas importer to an exporter. Australia, another OECD country with no interest in joining organisations that could be seen as cartels, is already an LNG exporter and its output is rising sharply over the coming few years.

Another problem facing GECF is the re-exports of cargoes, which are symptomatic of the excess LNG supply but also create pricing problems as the re-exported cargo is often competing for a buyer in the same market as the original producer's contracted delivery.

The last challenge he identified are geopolitical developments that are having a great effect on the gas market. For example, developments in Russia, Ukraine, and Europe changed energy policies in Europe and reduced dependence on Russian gas, he said.

This last point though is not a challenge for gas in general, so much as for Russia in particular, since Ukraine has been buying gas, although in lower volumes, from other suppliers instead. And eliminating gas from the fuel mix entirely in Europe will take a lot of investment in time and money as there are no alternative fuels that can do the job gas does so cheaply and dependably. Until that time, the European Union is doing what it can to encourage other gas supplies, including from countries in the Caspian Sea region such as Azerbaijan and Turkmenistan. 

naturalgaseurope.com 

----- 

More: 

EUROPE: MORE LNG 

2016: OIL & GAS INVESTMENTS DOWN TO $522 BLN 

CNPC & GAZPROM AGREEMENT 

IRANIAN SELF-SUFFICIENCY 

U.S. WANTS EUROPE

 

 

 

Tags: GAS, LNG, EUROPE, RUSSIA, GECF

Chronicle:

GLOBAL GAS CHALLENGES
September, 22, 08:50:00

RUSSIA - KURDISTAN INVESTMENT

Instead, with the planned referendum just days away, Russian state oil giant Rosneft announced its latest investment last week, to help Iraqi Kurdistan develop its natural gas industry, for domestic supplies and eventual export.

GLOBAL GAS CHALLENGES
September, 22, 08:45:00

IRAN'S GAS EXPORT: ABOVE 5 BCM

Iran exported over 5 billion cubic meters (bcm) of natural gas during the first five months of the current Iranian calendar year (March 21-August 22), Dispatching director of National Iranian Gas Company (NIGC) announced.

GLOBAL GAS CHALLENGES
September, 22, 08:40:00

IRAQI OIL TO U.S.

Gazprom Neft has shipped its second and largest cargo of Iraqi crude to the US since the Badra field, its flagship overseas oil project, came on stream in 2014, the Russian oil company said Tuesday.

GLOBAL GAS CHALLENGES
September, 22, 08:35:00

QATAR - TURKEY LNG

Qatargas has agreed to sell 1.5 million tpy of LNG to Turkey’s BOTAŞ Petroleum Pipeline Corporation (BOTAŞ) over a period of three years

All Publications »
Exchange Rates
Date: 00:00 00:00
USD 0.00 0.00
EUR 0.00 0.00
GBP 0.00 0.00
UAH 0.00 0.00
ADR bid ask
GAZPROM 0.000.00
LUKOIL 0.00 0.00
ROSNEFT 0.00 0.00
SURGUTNEFTEGAZ 0.000.00
TATNEFT0.00 0.00