Australian gas production is expected to be largely steady over the next two years. New supply from Scarborough and Barossa is expected to offset the gradual diminution of supply from the North West Shelf. But, in the absence of new investment, the broader trend points towards slow declines in output and exports over the longer term. Three train modules have been delivered to the Pluto LNG facility. When assembled, the full production train will be the second at the Pluto LNG facility and will have a 5mtpa capacity. The connected Scarborough field is also under development, with thirteen wells expected […]
Canada is pushing ahead with new gas extraction and LNG export terminals. This strategy comes with risks even beyond those associated with the climate, including future gas demand, energy price uncertainty and the high potential for stranded investment assets.
A key conclusion by the authors is that if gas is to remain a major fuel in a rapidly decarbonising world, then the industry needs to invest in an enormous amount of CCS. The alternative is rapid decline. In all three of the energy transition scenarios, global gas demand will not peak at less than 4,300 bcm or earlier than 2030. Source: OIES
ACER’s daily European LNG price assessment closed at €33.07 on July 09 (down from €34.91 one week ago). ACER publishes its LNG price assessment every weekday before 18.00 CET. The LNG benchmark provides for greater market transparency based on mandatory data reporting; and reflects real-world prices for LNG. Stakeholders may use the LNG benchmark voluntarily. Check the ACER website page (here) for daily updates.
The Northeast Asian assessed spot LNG price JKM for last week (1 July – 5 July) fell to low-USD 12s...
The Northeast Asian assessed spot LNG price JKM for last week (24 June – 28 June) fell slightly to mid-USD...
Gas prices continued to strengthen across all key gas regions in June, reflecting tighter market fundamentals. In the US, Henry...
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