Petronas expects balance in oversupplied lng market in 2023. Sep 04, 2015 wood mackenzie s view is that the global lng market does not need all this lng at the pace proposed and, as companies confront this reality, a raft of project postponements will follow, tomnay. Our suite of lng and global gas solutions covers all aspects of the value chain from fundamentals to projects and pipelines, regional and global positions, liquefaction, and regasification. Companies are increasing their exposure to gas and lng, making the corporate landscape more complicated. Bc loses another lng project as woodside petroleum axes. Development corporation has engaged wood mackenzie to undertake an analysis of the competitiveness of the alaska lng project the analysis undertaken relies on wood mackenzie s own internal. Alaskabased resources energy, a unit of the japanese company energy resources eri, decided to cancel the proposed 1 mtpa lng project at port mackenzie. The magnolia lng project will be constructed as four lng production trains of 2 mtpa each, and guaranteed capacity of 1. Alaskan lng exports competitiveness studyalaska gasline port authority agpafinal reportjuly 27, 2011 strategy with substance.
Lng producers turn to trading, risk taking to maintain. Bg group interpretation of wood mackenzie data q2 2015 europe, the balancing lng market 6. The race to establish an asian lng hub arnaud dubois. Residents are told about the potential economic benefits, but there are critical questions that need to be addressed regarding the environmental and social impacts of the industry, and there is increasing concern about hydraulic fracturing fracking. Wood mackenzie, a worldrenown energy analyst, concluded the project could be competitive under a third party financing structure. The docks are designed to efficiently export natural resources as well as many other types of cargoes. There is a widening range of suppliers democratising access to lng. Our lng in brief is a rolling coverage of events as they happen in global lng markets. Shell interpretation of ihs lng waterborne trade, liquefaction projects database and wood mackenzie q4 2016 data 265 100 150 200 250 300 350 400 2006 2008 2010 2012 2014 2016 2018 2020 delivered volume. In 2016, the capital investment was impacted by the acquisition of bg group plc. Hilcorp acquires point mackenzie lng plant that supplies fairbanks. This presentation has been prepared by wood mackenzie limited for.
Alaskan lng exports competitiveness study by wood mackenzie. The development and financing of lngtopower projects. A fast track solution to meet south africas energy. Shell interpretation of wood mackenzie and verisk maplecroft q4 2017 data.
Alaska lng competitiveness study august 2016 strategy with substance. We empower clients to make better strategic decisions. Mlle mme puan san sheikh sir snr snra sr sra srta the hon tan sri dato tan sri u daw. Aug 25, 2016 wood mackenzie alaska lng competitiveness study aug 2016 1. Lngly lngl or the company advises that its wholly owned subsidiary, magnolia lng, llc, has filed an application with the us federal energy regulatory commission ferc seeking authorisation for the siting, construction, ownership and operation of the. Wood mackenzie the future of gas and lng looks bright for many years to come. Shell interpretation of wood mackenzie q4 2016 data. Customers get unrivalled access to our trusted global industry expertise, enabling them to spot, validate and benchmark opportunities, and forecast how. Port mackenzie is the only port in alaska that can boast 9,033 acres, 14 square miles dedicated to commercial and industrial development. The race to establish an asian lng hub arnaud duboisdenis gm bg singapore gas marketing singapore electricity roundtable, st regis singapore, 8 july 2015. Makes wind practice joins gtm under the wood mackenzie banner to address all of the sources. A % interest in the wheatstone lng project and a 65% interest in the julimarbrunello upstream gas development, with. Apr 03, 2017 lng output could grow by more than 100 mt by 2020 to more than 360 mt. Technology company the linde group has been awarded a contract to provide engineering and procurement services for a 2.
Lng output could grow by more than 100 mt by 2020 to more than 360 mt. Account for every change in the lng and global gas market so you can adjust your approach and maximise returns. Wood mackenzie is a worldclass company and an excellent addition to the verisk family, said scott stephenson, president and chief executive officer of verisk analytics. Alaskan lng exports competitiveness study by wood mackenzie 1. Singaporebased consultancy trizen says the path to adoption of liquefied natural gas lng as a marine fuel is currently unclear as a result of low oil prices in its report, lng perspectives 2016, trizen used the term foggy passage to describe the effect that current artificially low oil prices have had on the coming shift to lng bunkers. British columbians have been hearing a lot about liquefied natural gas lng recently. Ul expects the global liquefied natural gas lng market to remain oversupplied until as late as 2023, its chief executive. Ul expects the global liquefied natural gas lng market to remain oversupplied until. There is a widening range of suppliers democratising access to lng supply, not least infrastructure developers in the us. Alaska forges ties with sinopec, bank of china in natural gas. Wood mackenzie makes no warranty or representation about the accuracy or completeness of the information and data contained in these materials, which are provided as is. Jun 23, 2016 the number of liquefied natural gas importers may more than double as a glut damps prices and encourages nations to ditch crude, according to wood mackenzie ltd.
Magnolia lng plans to develop the project site on the industrial canal near lake charles in southwest louisiana as an 8 million tonnes per annum mtpa or greater lng export facility. The opinions expressed in these materials are those of wood mackenzie, and nothing contained in them constitutes an offer to buy or to sell securities, or investment advice. Accessing gas feedstock for lng projects has been a consistent. Please keep me informed about wood mackenzie products, services and events. The first nations lng alliance is a collective of first nations who are participating in, and supportive of, sustainable lng development in bc. Correctedlng ltd to supply gas to vietnam from louisiana project. Directives against their unlawful acquisition, use and disclosure. Wood mackenzie alaska lng competitiveness study aug 2016. Hilcorp acquires point mackenzie lng plant that supplies. Sep 16, 2011 alaskan lng exports competitiveness study by wood mackenzie 1. Wood mackenzie, also known as woodmac is a global energy, chemicals, renewables, metals. Ax news is an australian public listed company based in perth, western australia. Imo 2020 impact on upstream producers, lng and bulks. Cook inlet is preferred march, 2016 petroleum news.
Community relations magnolia lngs donations support a variety of charitable organizations and projects that improve the quality of life and stimulate the economy in the fiveparish imperial calcasieu region of southwest louisiana. Gas analyzing equipment on board liquefied gas carriers. Total increases its us lng exposure with acquisition of toshiba capacity at freeport train 3. Nicholas browne, director, asia gas and lng, wood mackenzie drivers and. Shell interpretation of wood mackenzie q4 2018 data. Wood mackenzie is a worldclass company and an excellent addition to the verisk family, said scott stephenson, president. The development of the global lng market and the commoditisation of hitherto expensive floating storage technology both fsus and fsrus have provided an impetus for a modern twist on power projects, allowing ccgts to accept gas from international lng cargoes. The australian article quoted financial forecasting firm wood mackenzie saying that a. The number of liquefied natural gas importers may more than double as a glut damps prices and encourages nations to ditch crude, according to wood mackenzie ltd. Woodside plans to boost lng output on asian demand. Wood mackenzie, a verisk business, is a leading research and consultancy business for the global energy, chemicals, metals and mining industries.
Corrected lng ltd to supply gas to vietnam from louisiana project. Lng changes everything for australias east coast gas market. Petronas expects balance in oversupplied lng market in. First, one has to understand a little about the economics of lng production. Wood mackenzie acquired greentech media in july 2016 for its solar, energy storage and grid expertise. Ax stock quote, history, news and other vital information to help you with your stock trading and investing. Woodside to acquire lng project interest pump industry. The australian article quoted financial forecasting firm wood mackenzie saying that a successful. This has significant ramifications for the chinese winter season, when demand is traditionally high. The darwin lng plant is located at wickham point in the city of darwin, northern australia. Onethird of new lng supply growth already online lng volume set to expand 50% from 2014 to 2020 8 source. There are still too many socalled black holes in the liquefied natural gas lng bunker market for widespread adoption of the alternative marine fuel, says singaporebased consultancy trizen according to trizen analysts, shippers now recognise the importance and imminence of the need to substitute oil as their primary propulsion fuel, but there are still too few actual and existing. The transaction also includes balnaves oil interests and kitimat lng project interests in canada. In 2017, approximately a third of all lng cargoes are estimated to be spot volumes.
Consequently, the improved netback of shipping lng into europe as an alternative market was more attractive, especially to companies with atlantic supply. Access to gas revisiting the lng industrys big challenge golng. Alaska forges ties with sinopec, bank of china in natural. Our use of the term organic includes sec proved oil and gas reserves. European imports for 2015 were estimated at 37 mt net, up 14% year on year. Wood mackenzie alaska lng competitiveness study aug 2016 1. Middle men are building positions, longterm contracting has fallen and short term. Nov 28, 2016 at last, a final investment decision fid for a liquid natural gas lng project was reached in british columbia. Lngs vision is to bring a dynamic concept of midscale liquefied natural gas lng projects to the international energy market.
Producers of liquefied natural gas lng have shot themselves in the foot with oversupply, and face calls for flexibility and greater competition from other fuels that may force them to take more. Poll question at the start world refining association. Challenge now is less about how to access gas, more how to combine options. Gas analyzing equipment include oxygen monitors, detectors for.
Linde awarded engineering contract for woodfibre lng. Linde awarded engineering contract for woodfibre lng project in canada. Torgy has three iso 9001 certified manufacturing locations in norway, latvia rgy. Papua lng t0tai mackenzie wood a verisk analytics business sne cairn energy block 103b tullow block t tullow block 1 total block 2 tullow itapu petrobras around 8 million bld of new supply is required by 2020 the majority of new growth, needed to offset demand increases and nonopec declines of. At last, a final investment decision fid for a liquid natural gas lng project was reached in british columbia. A fast track solution to meet south africas energy needs 1 port elizabeth mosselbay western cape eastern cape kwazulunatal limpopo gauteng northern lecape north west free state mpumalanga sotho richards bay durban east london johannesburg fossil fuel foundation gas conference johannesburg, may 21 2014. In our series of background articles on ioc, we will analyse the lng markets in general and the sitiation in papua new guinnea png in particular.
Cik dato datuk dott dr ing encik eng frau fraulein herr herr dr ing ir khun lic lord m ma. Australialisted liquefied natural gas ltd said on monday it signed a deal with a province in vietnam to supply liquefied natural. Apr 05, 2017 producers of liquefied natural gas lng have shot themselves in the foot with oversupply, and face calls for flexibility and greater competition from other fuels that may force them to take more. Goldboro lng consists of an lng processing plant and facilities for the storage and export of lng including a marine jetty. Goldboro lng project gains ea approval for nova scotia lng. Cheap lng may lure 50 more nations to gas from oil. The two sides said the deal will see them work cooperatively on lng liquefied natural gas marketing, financing, investment model and china content in alaska lng, and get a periodic result by 2018. Wood mackenzies view is that the global lng market does not need all this lng at the pace proposed and, as companies confront this reality, a. An alaska industrial development and export authority team that has been evaluating proposals for providing a liquefied natural gas supply for fairbanks favors a plan by salix inc. The interior energy project, an alaska industrial development and export authority initiative to bring affordable energy to fairbanks and the alaska interior, has passed a couple of milestones, as the project team assesses bids for the supply of gas from the.
Lng limited is engaged in development of liquefied natural gas lng projects. Chevron, its 2nd bolton acquisition in trinidad upstream gas. Governor walker accepted the opportunity to lead the project and enable the stranded natural gas on the north slope to move to alaskans and. This month, woodfibre lng announced its funding approval for the proposed. Under the terms of the sale and purchase agreements, woodside will acquire. Gas offers have come in august 16, 2015 petroleum news. Aiedas interior energy team favors salix proposal for lng supply for fairbanks.
1024 776 1336 446 10 814 1231 16 990 1038 1092 586 265 1288 991 1554 299 912 1074 1575 1293 242 646 917 980 578 1155 1490 418 1428 1025 694 819