In this issue

 

The latest spike in natural gas and electricity prices in China was caused by lower global LNG production and fast-growing energy demand as the Asian powerhouse was the first country…
To avert an energy crisis, the Chinese government had to impose large-scale restrictions on electricity use during the final two weeks of September. Wood Mackenzie believes Chinese authorities could allow customs…
Cheniere Energy, the largest US liquefied natural gas exporter from plants at Sabine Pass in Louisiana and Corpus Christi in Texas, has signed a sale and purchase agreement with ENN Group,…
Capital expenditure into oil & gas ventures has surged 30.4% in Asia as the region is staging a fast rebound from the coronavirus crisis. Higher commodity prices unlock greater flexibility…
Free ReadA colder-than-usual winter in Europe as well as in Asia would mean there is insufficient gas available to meet demand. “A cold European winter could boost heating demand up to…
Shipments of Russian LNG via the Northern Sea Route keep rising and continued well into October this year, thanks to mild autumn weather, amid China’s unwavering hunger for energy imports.…
Monday, 01 November 2021
There were 2.29mmt of LNG on the water with destinations in China according to market visibility at the time of writing on 29 October.
China's monthly LNG offtake in October is likely going to be 6.07mmt in October, our data and market visibility indicated at the time of writing, which would constitute a month-on-month…
Free ReadQatar Petroleum is in talks with PetroChina and Sinopec for equity stakes in North Field East, the world’s largest single LNG project. PetroChina might take a 5 percent stake and…
High prices and a slowing of China’s economic recovery will lead to a drop in the country’s LNG imports in the second half of this year. After a 28% year-on-year…
US major ExxonMobil is considering investing in a new LNG import terminal and industrial complex at Huizhou. China's Guangdong Energy has started building the $1 billion Huizhou LNG import terminal…
Free ReadOnly Asia has seen LNG imports rise despite the pandemic, largely due to the Chinese government’s coal-to-gas switching policies which pushed up imports by 1.0 billion cubic feet per day…
Strong growth in renewables has reduced the share of coal in China’s power generation mix to less than 50% – for the first time. Fitch Ratings expects the contribution of…
Chinese LNG show no signs of slowing amid a gas infrastructure build-out. Shipments to China during the first six months of 2021 jumped to 39.78 million tons from 31.18 million tons…

News Nudges

Alaska LNG stirs

Alaska Gasline Development Corp. (AGDC), the state-run body and owner of the Alaska LNG project which has been dormant because of the high development costs, has released a consultancy report detailing the environmental benefits achieved by building the export plant utilizing North Slope natural gas to replace high-emissions coal in Asia. “Alaska has some of the world’s strictest environmental laws, and Alaska natural gas should be a key component of any realistic energy roadmap,” said Alaska Governor Mike Dunleavy. AGDC has all its regulatory permits covering three liquefaction Trains with 20 million tons per annum of capacity, two 240,000 cubic metres capacity storage tanks as well as a 807-mile natural gas pipeline from Prudhoe Bay to Nikiski on the Kenai Peninsula. AGDC President Frank Richards said the justification for Alaska LNG was a “compelling” one. “This timely report uses respected and transparent methodologies to quantify the value of replacing high-emissions energy sources in foreign markets with the low-emissions at Alaska LNG,” added Richards.