LEAD STORY
The near-term outlook for the global LNG supply and demand balance, in combination with depressed oil and gas prices, is rapidly changing market dynamics.
Also in this issue
Petronas Chief Executive Wan Zulkiflee bin Wan Ariffin said the Malaysian energy company had begun the countdown for the world’s first floating LNG production to be deployment over the Kanowit natural gas field, offshore Sarawak.
Australia’s organizing of the LNG 18 conference brought to the fore the huge achieved in developing three coal-seam-gas-to-LNG projects alongside each other on Curtis Island, off the coast of Gladstone, Queensland.
Some market observers have suggested that Canada is more likely to start exporting liquefied natural gas in the 2030s as LNG producers in countries like the US, Russia and Australia are well positioned to meet global demand until then.
Natural gas prices have followed the price reduction of crude oil, but not to the same extend. The spot market price for gas in Europe is still below the price of marine gas oil (MGO) and at the same level as heavy fuel oil (HFO).
