2019-09-27 13:25:00
LNG INVESTMENT $50 BLN
AN - Record investments of $50 billion have turned 2019 into a banner year for liquefied natural gas (LNG), with Canada and the US being the main drivers, the chief of the International Energy Agency (IEA) said on Thursday.
The industrial sector is Asia's biggest driver of LNG growth, with China expected to overtake Japan as the world's top importer of the fuel in five years, said Fatih Birol, the agency's executive director.
"This year, 2019 already broke the highest amount of (final investment decisions) for the first time ever, $50 billion," he told the annual LNG Producer-Consumer conference in Tokyo.
More than 170 billion cubic metres (bcm) of natural gas liquefaction capacity is due to take a final investment decision this year, a record far surpassing the previous high in 2005 of 70 bcm, according to the IEA.
The recent boost in contracting activity and project sanctioning follows the growing adoption of the equity offtake marketing structure, where companies have access to LNG volumes according to their equity stake, reducing the need for long-term sale and purchase agreements, the energy agency said in a new report which it released this month.
"The biggest growth is coming from China," Birol added. "In the next five years, about one-third of global LNG demand will come from China alone."
While LNG imports by Japan, the world's top buyer of the super-chilled fuel, and Korea are expected to stay important, slowing growth there means the biggest contribution will be from China, Birol said.
Other Asian nations, such as Bangladesh, India, Pakistan, Thailand, are also importing more LNG.
European LNG imports will also increase as domestic gas production declines and nations diversify supply, Birol said.
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Earlier:
2019, September, 26, 13:20:00
JAPAN'S LNG INVESTMENT $10 BLN
“On top of Japan’s commitment two years ago of investing or financing more than $10 billion in energy supply chains, we are making a fresh commitment of additional and collective $10 billion funding from both public and private sectors,” said Isshu Sugawara, Minister of Economy, Trade and Industry (METI)
2019, September, 24, 17:50:00
INDIA'S INVESTMENT TO U.S. LNG $2.5 BLN
Petronet LNG Ltd, India's biggest liquefied natural gas importer, has signed a preliminary deal to buy a stake in Tellurian Inc's proposed Driftwood project in Louisiana and import 5 million tonnes a year of LNG.
2019, September, 18, 18:20:00
СПРОС НА СПГ УДВОИТСЯ
Министр подчеркнул, что темпы потребления сжиженного природного газа (СПГ) в 3,5 раза выше, чем в целом газа. «К 2035 году мировой спрос на СПГ ещё удвоится и составит около 600 миллионов тонн. Основным «локомотивом» потребления станет Азиатско-Тихоокеанский регион. Китай и Индия совокупно покроют более 50% прироста спроса на СПГ в АТР. В результате, к 2035 году доля СПГ в мировой торговле может вырасти с сегодняшних 35% от общего объёма торговли газом до 51%. Россия уже сегодня уверенный лидер на мировом газовом рынке - как по запасам, так по добыче и экспорту», - сказал Д.Кобылкин.
2019, September, 16, 14:30:00
RUSSIA'S LNG WILL UP TRIPLE
Russia exported 248 billion cubic meters (bcm) in 2018, mostly via pipeline to Europe. In the next decade, its liquefied natural gas (LNG) exports will almost triple to 68 bcm as the Yamal LNG project reaches full capacity and Arctic 2 LNG comes online (plus two smaller projects).
2019, September, 6, 13:20:00
ARAMCO SELLS LNG
Saudi Aramco, the world’s most profitable company, is trying to break into the fledgling market for liquefied natural gas trading. To do so, the state-owned company is tapping its decades-old network of oil-trading contacts, selling its first two cargoes to longstanding crude customers in South Korea and India.
2019, September, 5, 15:00:00
RUSSIA'S ARCTIC LNG-2: $21 BLN
Arctic LNG-2 is expected to launch in 2023 and will aim to export 80 percent of its LNG to Asia, Novatek Chief Executive Leonid Mikhelson, Russia’s richest businessman according to Forbes magazine, said after the project’s partners signed a final investment decision (FID) at an economic forum.
