RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2015-08-05 18:15:00

UNDEFINED LNG

UNDEFINED LNG

US LNG export projects face an uncertain future despite continued discoveries and production growth, a Brookings Institution analyst said. "More liquefaction capacity may be coming than markets can absorb," warned Tim Boersma, acting director of Brookings's Energy Security and Climate Initiative.

A number of projects are moving ahead and will go into operation, he said during an Aug. 3 presentation at the US Energy Association. But competition from pipelines, new production, and other LNG export projects will combine with slower general—as well as LNG—demand growth to create a supply surplus that the International Energy Agency expects to last at least until 2017, Boersma said.

Supplies will not be a problem, he said. Nearly 1,800 US unconventional gas wells await completion, and recovery rates have risen to 20% from 5% in some areas, Boersma said. "An enormous amount of shut-in gas is waiting to be produced," he said. "Major advances also continue to be made in crude oil production, which affects associated gas volumes."

Global market uncertainties include Russia's eastern gas export strategy ("So far, it's not very successful," Boersma observed); shale gas deposits outside North America; gas's ability to compete, particularly in Asian and European power markets; nuclear power's role in Japan and South Korea; government schemes to support deployment of renewable and alternative sources; and new gas markets such as marine transportation and small-scale LNG operations.

"Regional gas exports to Mexico have doubled over the last few years," he said. "Imports from Canada will continue to fall, but still serve some niche US markets."

Boersma said gas export companies will try to recover their investments in a buyer's market in the medium-to-long term. Contracts overseas increasingly will move to long-term, take-or-pay formats, reflecting growing US influence and investors' desire for certainty, he said. "I expect the oil-price link to further erode in the future," Boersma added.

"It will be increasingly tough to finance major LNG export projects," he said. "Small-scale facilities may be another matter."

ogj.com

More: 

GAZPROM: TIME IS MONEY 

НОВАТЭК ВЫРОС НА 27% 

LNG IMPORTS DOWN 

1Q2015 WORLD OIL & GAS KEY POINTS 

RUSSIA: THE LARGEST

 

 

 

Tags: US, RUSSIA, LNG,
Chronicle:
UNDEFINED LNG
2021, December, 7, 17:39:00
TRANSPORTATION OIL AND GAS CONGRESS, 21th-22th of February, 2022
Business and Technical Views On The Market At The Transportation Oil and Gas Congress 2022
UNDEFINED LNG
2021, December, 7, 17:38:00
LEARN THE LATEST GLOBAL LNG TRENDS WITH LNGCON 2022
The next edition of the International LNG Congress (LNGCON 2022) takes place in Dusseldorf, Germany on March 28-30, 2022. Covering the whole LNG value chain, the Congress brings together decision makers of the industry to tackle the most relevant issues such as the role of LNG in the transition towards zero-carbon shipping.
UNDEFINED LNG
2021, December, 7, 17:37:00
ENERGY WEEK CENTRAL ASIA & MONGOLIA 2022
To learn more, join the upcoming high-level international investment conference Energy Week Central Asia & Mongolia 2022, which will take place on 26-28th April in Tashkent.
UNDEFINED LNG
2021, December, 7, 17:36:00
WORLD GAS CONFERENCE 2022
The 28th World Gas Conference (WGC 2022) takes place in Daegu, the energy city of Korea in May 2022.
UNDEFINED LNG
2021, December, 7, 17:35:00
RENEWABLE ELECTRICITY FOR INDIA 8 GW
Power Grid Corporation of India Ltd (PGCIL), through its subsidiary Central Transmission Utility of India (CTU), had earlier filed a petition to execute power transmission infrastructures for up to 18.5 GW of renewables energy zones in southern India
UNDEFINED LNG
2021, December, 7, 17:30:00
DUTCH RENEWABLES 5.2 GW
The proposals include 5,170 MW of renewable projects, of which 4,132 MW are solar PV projects, 243 MW geothermal projects and 151 MW biomass projects.
UNDEFINED LNG
2021, December, 7, 17:25:00
WIND FOR SWEDEN
Sweden has currently around 200 MW of operational offshore wind capacity, on top of 9.8 GW of onshore wind capacity
All Publications »