LNG demand

Coal and LNG Prices Surge in Asia, Time for Renewable Energy?

  • Liquefied natural gas (LNG) and thermal coal prices in Asia have been roaring ahead in recent months amid strong demand.
  • But while welcome news for the commodity producers, the rally is a longer-term boon to their main rival, renewable energy.
  • Spot LNG prices have nearly doubled since the post-winter low of $5.60 per million British thermal units (mmBtu), ending last week at $10.95.

A recent news article published in the Reuters by Clyde Russell states that Coal and LNG’s surge in Asia plays...

https://mfame.guru/coal-and-lng-prices-surge-in-asian-market-time-for-renewable-energy/

LNG Shipping Costs Witness A Tumultuous Ride In 2021

Early 2021 witnessed a strong rebound in the regional LNG markets, with Asian spot LNG prices hitting over $30 mmBtu and European hub-based spot prices reaching almost $10 mmBtu, which was impressive compared to the $2 mmBtu experienced in summer of 2020, reports the Peninsula.

Uptick in LNG demand

A dramatic jump in prices was mainly driven by an uptick in LNG demand, amid a colder-than-usual winter season in Asia and Europe, as well as the stagnation of global LNG supply, which was at the same...

https://mfame.guru/lng-shipping-costs-witness-a-tumultuous-ride-in-2021/

Innovation Helps Shaping The Future Of The LNG Industry

LNG might be the last great growth opportunity in oil and gas. But the difficult investment environment and buyers’ appetite for low-carbon LNG are among the challenges facing developers. Giles Farrer, Director of LNG, talked the writer through his latest thinking, reports Wood Mackenzie.

Why is the outlook for LNG so promising?

Much of it’s about Asia, where energy demand is growing, and gas can help achieve net-zero targets by displacing higher carbon intensity coal in the power sector. We...

https://mfame.guru/innovation-helps-shaping-the-future-of-the-lng-industry/

3 Countries Compete For Global LNG Market

  • Last year was an unprecedented year for natural gas and liquefied-natural-gas (LNG) markets.
  • Whereas natural gas demand declined by 3%, LNG demand proved to be more resilient and managed to grow 1%.
  • Nevertheless, the LNG market was extremely volatile, with periods of extreme oversupply alternating with periods of extreme tightness during the year.
  • According to McKinsey, natural gas is set to become the strongest-growing fossil fuel, with demand expanding 0.9% per annum from 2020 to 2035.

An...

https://mfame.guru/3-countries-compete-for-global-lng-market/

Global LNG Demand To Reach 700 mt By 2040, Says Shell

Shell, in its latest LNG Outlook published on their website, says Global LNG trade increased to 360 million tonnes in 2020 despite the unprecedented volatility caused by the COVID-19 pandemic.

Prediction on LNG demand

Global LNG trade increased to 360 million tonnes in 2020 despite the unprecedented volatility caused by the COVID-19 pandemic, says oil major Shell in its latest LNG Outlook. 

The report also predicts that global LNG demand is expected to reach 700 million tonnes by 2040.

Key trends...

https://mfame.guru/global-lng-demand-to-reach-700-mt-by-2040-says-shell/

Uniper Expands LNG Fleet Amid Growing Asian Demand

German utility Uniper took delivery of a new LNG tanker in South Korea amid efforts to boost its presence in the burgeoning Asian LNG market, reads the company website.

Service contract for multiple trips

The LNG tanker LNG Rosenrot is now complete and will be delivered to Uniper in South Korea. Uniper will become the ship’s first charterer as part of a transport service contract that covers multiple trips.

The shipbuilders, South Korean company Daewoo Shipbuilding & Marine Engineering Co., Ltd....

https://mfame.guru/uniper-expands-lng-fleet-amid-growing-asian-demand/

August Cargo Cancellations at US LNG Terminals

  • More than 40 loadings said nixed in latest tally.
  • Improving economics could spur fall rebound.
  • The total suggests weak demand will persist through late summer, even with signs of improving economics.
  • LNG prices in the US’s two major export markets, Asia and Europe, remain tepid.

The U.S. LNG industry expects to see buyers cancel as many as 45 LNG cargoes for August loading as natural gas demand in the Asian market and bloated European LNG inventories sap enthusiasm for U.S. LNG, writes...

https://mfame.guru/august-cargo-cancellations-at-us-lng-terminals/

Plunge in Oil Price Forces LNG Production Cut!

  • Oil is not the only fossil fuel that suffered a steep price fall due to virus-containment measures. 
  • LNG has also plunged, dragging Asia’s spot prices to record lows and forcing some suppliers to start cutting output.
  • Asia’s spot LNG prices dropped to $1.85 per million British thermal units (mmBtu) 
  • Brent crude was up by 0.4 percent to $29.84 a barrel, after falling earlier in the Asian session and dropping 4 percent.
  • US oil gained 0.8 percent to 24.18 a barrel after declining more than 2...

https://mfame.guru/plunge-in-oil-price-forces-lng-production-cut/

Chinese LNG Demand To Rebound! US, Europe Demand Outlook Unclear!

  • Chinese LNG demand is expected to be back strongly while the demand outlook for Europe and the US remains unclear.
  • Woodside’s trading team has begun placing spot production back into China.
  • Pollution levels are high again in China indicating that its industry has got back to work.
  • Chinese LNG imports rose in the first two months of 2020 from a year earlier. 
  • The impact of fall in the oil price so far this year might not be realised until late in the April-June quarter.
  • Woodside has hedged...

http://mfame.guru/chinese-lng-demand-to-rebound-us-europe-demand-outlook-unclear/

[Watch] LNG Asia Stocks Spot Demand

The market is looking at the winter heating season to help support LNG spot prices after the benchmark JKM fell close to historic lows in 2019, reports Platts.

Winter sees higher demand for LNG

While LNG demand in Northeast Asia is expected to pick up with cooler temperatures, S&P Global Platts LNG Analytics Manager in Asia Jeffrey Moore says another important aspect to watch will be storage levels in the region.

Both Japan and South Korea are expected to enter the winter with higher than normal...

http://mfame.guru/watch-lng-asia-stocks-spot-demand/

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