2019-02-25 12:05:00
GLOBAL LNG TRADE +11%
SHELL - NEED FOR CLEANER AIR DRIVING STRONG LNG DEMAND GROWTH
Strong demand for cleaner-burning fuel in Asia continued to drive rapid growth in liquefied natural gas (LNG) use in 2018,
with global demand rising by 27 million tonnes to 319 million tonnes, according to Shell's latest annual LNG Outlook.
Shell expects demand to reach about 384 million tonnes in 2020.
Global LNG supply is set to rise by 35 million tonnes in 2019. Europe and Asia are expected to absorb all this additional
supply. A rebound in new long-term LNG contracting in 2018 could revive investment in liquefaction projects. Based on
current demand projections, Shell still expects supplies to tighten in the mid-2020s.
Ongoing efforts to improve urban air quality saw China's imports of LNG surge by 16 million tonnes in 2018, up by 40%
from 2017.
On the supply side, Australian LNG exports caught up with those of long-time leading supplier Qatar towards the end of
2018 and are expected to rise by 10 million tonnes in 2019. Both countries are well-positioned to supply rapidly developing
economies across Asia with gas they need to improve air quality by displacing coal-fired power and heating.
"The continued surge in Chinese LNG imports has helped improve air quality in some of its biggest cities over the last few
years. China's success in making the air cleaner for millions of people shows the critical role that natural gas can play in
providing more and cleaner energy around the world," said Maarten Wetselaar, Integrated Gas and New Energies Director
at Shell.
"We saw Asian LNG demand growth exceed expectations again in 2018 and we expect this strong growth to continue.
Investment in new supply projects is picking up, but more will be needed soon."
LNG has played an important role in the global energy system over the last few decades, as an increasing number of
countries have turned to natural gas to meet their growing energy needs. LNG trade increased from 100 million tonnes in
2000 to 319 million tonnes in 2018.
New long-term contracts may spur investment
New LNG projects typically require long-term sales agreements to secure financing. From 2014 through 2017, LNG buyers had increasingly been looking to sign shorter, smaller and more flexible contracts. Shell warned in its 2018 LNG Outlook that this mismatch between suppliers and buyer needs would have to be resolved to enable developers to go ahead with new projects.
Encouragingly for the long-term health of the global LNG market, the average length of contracts signed more than doubled from around 6 years in 2017 to about 13 years in 2018. Meanwhile, the total contracted volume more than doubled to almost 600 million tonnes in 2018.
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Earlier:
2019, February, 22, 11:35:00
NOVATEK INCOME +4.7%
NOVATEK - Profit attributable to shareholders of PAO NOVATEK increased to RR 163.7 billion (RR 54.33 per share), or by 4.7%, as compared to 2017.
2019, February, 13, 12:00:00
U.S. LNG FOR EUROPE
PLATTS - Europe is likely to be a prime destination for US LNG cargoes well into the next decade as shipping costs make Europe preferable to Asia as a destination for US exporters, Massimo Mantovani, head of gas and LNG marketing at Italy's Eni, said Monday.
2019, February, 8, 11:45:00
U.S. GAS RECORD
EIA - Total estimated consumption by the power, industrial, and residential/commercial sectors and total estimated natural gas exports—by pipeline and as feedstock to liquefied natural gas (LNG) facilities—reached 145.9 billion cubic feet (Bcf) on January 30, compared with the previous record of 143.9 Bcf set in 2018.
2019, February, 8, 11:30:00
AUSTRALIA'S LNG UP
PLATTS - LNG exports from Australia's east coast rose 9% month on month to 1.93 million mt in January, buoyed by strong sales to China and Japan, data from the Gladstone Ports Corporation showed Thursday.
2019, February, 4, 10:05:00
QATAR'S LNG: + 60 VESSELS
PLATTS - Qatar's plan to double its LNG carrier fleet by 60 vessels will be one of the largest fleet expansions the industry will witness to date and will be critical to the evolution of LNG trade flows and market dynamics in the next decade.
2019, February, 1, 11:00:00
CHINA'S GAS CONSUMPTION UP 18%
PLATTS - China consumed 280.30 billion cubic meters of natural gas in 2018, up 18.1% year on year, the National Development and Reform Commission said on its website late Thursday. The natural gas consumption growth in 2018 outpaced the growth rate of 15.3% in 2017 and 6.6% in 2016, respectively, according to the NDRC's historical data, implying China's increasing demand for natural gas.
2019, January, 28, 10:30:00
МИРОВОЙ РЫНОК СПГ: 600 МЛН. Т.
МИНЭНЕРГО РОССИИ - «С 2007 года количество стран-потребителей СПГ увеличилось с 17 до 40. В следующие 15 лет к ним присоединится ещё 15 стран. За то же время потребление СПГ выросло со 170 млн тонн до почти 300 млн тонн. Мы ожидаем, что к 2035 году потребление снова вырастет вдвое - уже до 600 млн тонн. При этом СПГ станет доминирующим в мировой торговле газом уже в течение ближайших пяти лет», - сказал Павел Сорокин.
