In this issue

 

Monday, 06 September 2021
Free ReadChina’s monthly LNG offtake grew by 0.41mmt in August, increasing robustly by 7 percent to 6.20mmt. This constituted a rebound following a string of month-on-month reductions in July and June.…
Anatol Feygin, Chief Commercial Officer (CCO) at Cheniere Energy, is bullish on forward LNG margins and profits. “Forward margins today during the Northern Hemisphere Spring shoulder season, are higher than…
Asia’s LNG demand is “loose” this summer, except for China where a rebounding economy has pushed up imports to 2.5 million tons. Analysts anticipate the JKM–TTF spread on the curve…
Free ReadRussia’s Novatek, developer of the Arctic LNG II project, has sealed two LNG supply accords with the global commodity trader Glencore and China’s Zhejiang Energy Gas Group. The accord with…
Hong-Kong listed PetroChina, with LNG stakes in Canada and Mozambique, is optimising the structure of gas sources in an effort to reduce costs of imported natural gas and LNG. The…
India’s spike in Covid19 cases has made utility buyers sell LNG cargoes heading to the country as energy demand dropped amid calls for another nationwide lockdown. Eight to nine LNG…
Beijing is backing the expansion of China’s network of LNG regasification terminals. Ambitious construction programs are under way, designed to add around 12 million tons per annum (mtpa) of regas…
Free ReadTrucking LNG to remote demand centres has surged in China amid a policy push to switch from coal to natural gas in power generation. Pipeline networks take years to develop,…
Demand across south-east Asia is rebounding, but it is China where much of the growth is currently materialising. Beijing’s coal-to-gas switching policies are gathering pace and spurred a demand surge…
If the world takes decisive actions to limit global warming to 2°C by 2050, oil demand and prices would fall rapidly later this decade, while gas demand and price would…
Sunday, 06 June 2021
Free ReadThere were 2.14mmt of LNG on the water with destinations in China according to market visibility at the time of writing on 3rd June. These cargoes had a delivery horizon…
China’s month-on-month LNG offtake grew by 0.72mmt in May, increasing robustly by 11 percent to 7.13mmt. Monthly Chinese offtakes also increased by 0.86mmt (16 percent) month-on-month in April, meaning that…
Though the Suez Canal Suez blockade has caused much of an uproar on global shipping markets, it only had a modest impact on LNG shipping and spot LNG prices in…
Electric utilities in China avoid investing in gas peaking plants due to cost issues. Fuel prices are bound to rise with the start of China’s national emissions trading scheme (CETS)…

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.