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Tuesday, 27 February 18
SHELL SEES POTENTIAL LNG SUPPLY SHORTAGE AS GLOBAL DEMAND SURGES
 Media Release: The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tonnes to 293 million tonnes in 2017, according to Shell’s annual LNG Outlook. Such strong growth in demand is consistent with Shell’s first LNG Outlook, published in 2017. Based on current demand projections, Shell sees potential for a supply shortage developing in mid-2020s, unless new LNG production project commitments are made soon.
Japan remained the world’s largest LNG importer in 2017, while China moved into second place as Chinese imports surged past South Korea’s. Total demand for LNG in China reached 38 million tonnes, a result of continued economic growth and policies to reduce local air pollution through coal-to-gas switching.
“We are still seeing significant demand from traditional importers in Asia and Europe, but we are also seeing LNG provide flexible, reliable and cleaner energy supply for other countries around the world,” said Maarten Wetselaar, Integrated Gas and New Energies Director at Shell. “In Asia alone, demand rose by 17 million tonnes. That’s nearly as much as Indonesia, the world’s fifth-largest LNG exporter, produced in 2017.”
LNG has played an increasing role in the global energy system over the last few decades. Since 2000, the number of countries importing LNG has quadrupled and the number of countries supplying it has almost doubled. LNG trade increased from 100 million tonnes in 2000 to nearly 300 million tonnes in 2017. That’s enough gas to generate power for around 575 million homes.
LNG buyers continued to sign shorter and smaller contracts. In 2017, the number of LNG spot cargoes sold reached 1,100 for the first time, equivalent to three cargoes delivered every day. This growth mostly came from new supply from Australia and the USA.
The mismatch in requirements between buyers and suppliers is growing. Most suppliers still seek long-term LNG sales to secure financing. But LNG buyers increasingly want shorter, smaller and more flexible contracts so they can better compete in their own downstream power and gas markets.
This mismatch needs to be resolved to enable LNG project developers to make final investment decisions that are needed to ensure there is enough future supply of this cleaner-burning fuel for the world economy.
Source: Shell
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Thursday, 09 November 23
GREEK AND CHINESE COMPANIES OWN 34% OF THE GLOBAL FLEET’S CARGO CAPACITY - BIMCO
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships ...
Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG sh ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
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- LBH Netherlands Bv - Netherlands
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- Bangladesh Power Developement Board
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- Planning Commission, India
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- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
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- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
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- The University of Queensland
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- Power Finance Corporation Ltd., India
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- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
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- Ministry of Mines - Canada
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- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
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- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
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- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
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- Romanian Commodities Exchange
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- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Bhatia International Limited - India
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- Kobexindo Tractors - Indoneisa
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- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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- Bukit Makmur.PT - Indonesia
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- MS Steel International - UAE
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- McConnell Dowell - Australia
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- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
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- Singapore Mercantile Exchange
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- CNBM International Corporation - China
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
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- Ministry of Transport, Egypt
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- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Australian Coal Association
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
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- Wilmar Investment Holdings
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- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
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- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
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