Euronews (March 25)
“Europe is being edged out of the global liquified natural gas (LNG) market as Asian buyers outbid for limited cargoes, with ship-tracking data showing several tankers changing course mid-voyage and close to a dozen Atlantic shipments being redirected.” This has especially left Italy, Poland and Belgium scrambling for alternative LNG supplies in what has become a “mega competitive market.”
Tags: Asia, Atlantic shipments, Belgium, Edged out, Europe, Italy, Limited cargoes, LNG, Mega competitive market, Mid-voyage, Outbid, Poland, Redirected, Scrambling, Ship-tracking data, Tankers
OilPrice.com (March 11)
“The world’s top crude oil and LNG importer, China, is not as exposed and vulnerable to energy deliveries from the Middle East as one might think. China has been amassing crude volumes in storage for months, it has been working for years to diversify oil and gas supply sources and routes, and has boosted the share of transport electrification, which has reduced demand for road transportation fuels.”
Tags: China, Crude oil, Demand, Electrification, Energy, Exposed, Gas, Importer, LNG, Middle East, Storage. Diversify, Supply sources, Transport, Vulnerable
Reuters (December 26)
“Solar, wind power and batteries are set to make life a misery for the liquefied natural gas market. Some fossil fuel executives already think the push by incumbents like Exxon Mobil, Shell, and Woodside Energy to hike global production by some 50% by 2030, per the International Energy Agency, is creating a bubble. But renewable energy’s advantages will make the pop even worse.”
Tags: 2030, Batteries, Bubble, Exxon Mobil, Fossil fuel, Global production, IEA, LNG, Pop, Renewable energy, Shell, Solar, Wind power
Oilprice.com (January 9)
“The last month has been a month of celebration in the European Union. Gas demand is down because of the unusually warm weather. As a result, prices are down, and the crisis, according to analysts, appears to be averted.” Nevertheless, “these prices are not going to go much lower for the very simple reason that LNG could never be as cheap as pipeline gas.”
Tags: Analysts, Averted, Celebration, Cheap, Crisis, Demand, Down, EU, Gas, LNG, Prices, Warm weather
LNG Industry (January 6)
“The world’s two largest economies–the US and Mainland China–are poised to be the world’s top export and import markets for LNG in 2022.” In 2021, the US placed third, behind Australia and Qatar, but “was the largest source of LNG supply growth in 2021.” China overtook Japan in 2021, marking “the first time since the early 1970s that Japan has not been the world’s largest LNG importer.”
Tags: 1970s, 2021, 2022, Australia, China, Export, Import, Japan, LNG, Markets, Qatar, Supply growth, Top, US
