LNG

Asia-Pacific energy exporters – notably Australia – stand to benefit first if the Iran conflict prolongs disruption to Qatari LNG supply as buyers scramble for replacement cargoes, Fitch Ratings said. Buyers are turning to producers in Australia and Indonesia, which offer immediate alternatives.

CAPEX intensity of oil & gas producers in Asia-Pacific stays high, driven by upstream spending and energy-transition initiatives which makes producers prioritize investment in natural gas and LNG. According to Fitch Ratings, oil prices will retreat to mid-cycle levels by 2026, while earnings are bolstered by up to 15% growth in production volumes.

Pertamina Gas (Pertagas), a unit of Indonesian state-owned energy company Pertamina, has received a very positive outlook report from a leading US credit ratings agency because of key domestic infrastructure and increasing global pipeline natural gas and LNG demand.

The Asia-Pacific region is expected to have gradually increasing liquefied natural gas demand, driven by the region's economic recovery and new regasification facilities coming online.

Fitch Ratings, the New York-based credit ratings agency and financial services company, has just published a report analysing the European Union’s efforts to mitigate the worst effects on gas markets of a cut-off of Russian imports and for their replacement with LNG and other types of energy.

Infraestructura Energética Nova (IEnova), the Sempra Energy subsidiary in Mexico with plans for LNG production and whose assets include stakes in four major Mexican natural gas pipelines, has successfully completed an international offering to raise US$800 million, underpinning confidence in the North American gas sector.