What role will Australian LNG play in 2050? Demand for Australian LNG beyond 2050 could vary widely. The modelling indicates demand in 2050 could vary as much as 80 billion cubic meters, or about 58 million tonnes between scenarios. In all scenarios examined, LNG exports decline to 2050. However, LNG still has a clear role to play in 2050. There are crucial differences in demand for Australian LNG in 2050. In all scenarios, Australia maintains a large share of LNG trade with existing trade partners.
In April 2024, global LNG imports stood at 34.52 Mt, representing an increase of 1.7% (0.58 Mt) y-o-y. This is a record high for LNG imports for the month of April. The Asia Pacific and LAC regions led the rise in global LNG imports and offset a sharp decline in European LNG imports. For the period January to April 2024, global LNG imports expanded by 2.9% (3.98 Mt) y-o-y to reach 142.52 M Source: Gas Exporting Countries Forum (GECF)
The pause has a minimal impact on near-term U.S. LNG exports and would not compromise energy security in Europe, which is already receiving sufficient LNG from the U.S. Only 14% of potential capacity additions over the next three years are affected by the pause. Meanwhile, U.S. LNG export capacity is poised to increase by more than half over the same time period, and Europeʼs gas demand is forecast to decline. Source: Global Energy Monitor (GEM)
The fate of Power of Siberia 2 will partly depend on Beijing’s assessment of the relative risks of greater dependence on Russian pipeline gas versus greater dependence on LNG imports. PS-2 would increase Russia’s pipeline capacity to China to 98 bcm/y. If this capacity is built and fully utilized by 2030, China’s net import dependence on Russian pipeline gas could reach 40 percent by 2030, on par with the EU’s dependence before Russia invaded Ukraine
The Northeast Asian assessed spot LNG price JKM for last week (6 May – 10 May) increased to high-USD 10s...
The Northeast Asian assessed spot LNG price JKM for this week (29 April – 3 May) increased slightly to mid-USD...
Turkey’s potential LNG deal with ExxonMobil to import 2.5 mt per year will have no impact on Russia’s gas market...
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