Sep 04, 2015 wood mackenzie s view is that the global lng market does not need all this lng at the pace proposed and, as companies confront this reality, a raft of project postponements will follow, tomnay. Customers get unrivalled access to our trusted global industry expertise, enabling them to spot, validate and benchmark opportunities, and forecast how. Wood mackenzie, also known as woodmac is a global energy, chemicals, renewables, metals. Alaska forges ties with sinopec, bank of china in natural. There is a widening range of suppliers democratising access to lng supply, not least infrastructure developers in the us. Lngly lngl or the company advises that its wholly owned subsidiary, magnolia lng, llc, has filed an application with the us federal energy regulatory commission ferc seeking authorisation for the siting, construction, ownership and operation of the. Alaskan lng exports competitiveness study by wood mackenzie 1. We empower clients to make better strategic decisions. Lng output could grow by more than 100 mt by 2020 to more than 360 mt. The development and financing of lngtopower projects.
Account for every change in the lng and global gas market so you can adjust your approach and maximise returns. Alaska lng competitiveness study august 2016 strategy with substance. Apr 03, 2017 lng output could grow by more than 100 mt by 2020 to more than 360 mt. The darwin lng plant is located at wickham point in the city of darwin, northern australia. Alaskabased resources energy, a unit of the japanese company energy resources eri, decided to cancel the proposed 1 mtpa lng project at port mackenzie. Cook inlet is preferred march, 2016 petroleum news. Please keep me informed about wood mackenzie products, services and events.
Bg group interpretation of wood mackenzie data q2 2015 europe, the balancing lng market 6. Ul expects the global liquefied natural gas lng market to remain oversupplied until. Linde awarded engineering contract for woodfibre lng project in canada. Challenge now is less about how to access gas, more how to combine options. There is a widening range of suppliers democratising access to lng. Wood mackenzie the future of gas and lng looks bright for many years to come. Shell interpretation of wood mackenzie and verisk maplecroft q4 2017 data. Lng changes everything for australias east coast gas market. The australian article quoted financial forecasting firm wood mackenzie saying that a successful. Hilcorp acquires point mackenzie lng plant that supplies fairbanks.
Gas analyzing equipment on board liquefied gas carriers. Magnolia lng plans to develop the project site on the industrial canal near lake charles in southwest louisiana as an 8 million tonnes per annum mtpa or greater lng export facility. The magnolia lng project will be constructed as four lng production trains of 2 mtpa each, and guaranteed capacity of 1. Petronas expects balance in oversupplied lng market in. This has significant ramifications for the chinese winter season, when demand is traditionally high.
The opinions expressed in these materials are those of wood mackenzie, and nothing contained in them constitutes an offer to buy or to sell securities, or investment advice. Community relations magnolia lngs donations support a variety of charitable organizations and projects that improve the quality of life and stimulate the economy in the fiveparish imperial calcasieu region of southwest louisiana. Imo 2020 impact on upstream producers, lng and bulks. Woodside plans to boost lng output on asian demand. The number of liquefied natural gas importers may more than double as a glut damps prices and encourages nations to ditch crude, according to wood mackenzie ltd.
Makes wind practice joins gtm under the wood mackenzie banner to address all of the sources. Corrected lng ltd to supply gas to vietnam from louisiana project. Petronas expects balance in oversupplied lng market in 2023. Total increases its us lng exposure with acquisition of toshiba capacity at freeport train 3. Ul expects the global liquefied natural gas lng market to remain oversupplied until as late as 2023, its chief executive.
Access to gas revisiting the lng industrys big challenge golng. Nov 28, 2016 at last, a final investment decision fid for a liquid natural gas lng project was reached in british columbia. Lng limited is engaged in development of liquefied natural gas lng projects. Sep 16, 2011 alaskan lng exports competitiveness study by wood mackenzie 1. Directives against their unlawful acquisition, use and disclosure. Shell interpretation of wood mackenzie q4 2018 data. Nicholas browne, director, asia gas and lng, wood mackenzie drivers and. Poll question at the start world refining association. Wood mackenzie, a worldrenown energy analyst, concluded the project could be competitive under a third party financing structure. Wood mackenzie makes no warranty or representation about the accuracy or completeness of the information and data contained in these materials, which are provided as is. Technology company the linde group has been awarded a contract to provide engineering and procurement services for a 2. Lngs vision is to bring a dynamic concept of midscale liquefied natural gas lng projects to the international energy market. At last, a final investment decision fid for a liquid natural gas lng project was reached in british columbia. First, one has to understand a little about the economics of lng production.
Wood mackenzie, a verisk business, is a leading research and consultancy business for the global energy, chemicals, metals and mining industries. Bc loses another lng project as woodside petroleum axes. Alaskan lng exports competitiveness study by wood mackenzie. Accessing gas feedstock for lng projects has been a consistent. Aiedas interior energy team favors salix proposal for lng supply for fairbanks. Wood mackenzie is a worldclass company and an excellent addition to the verisk family, said scott stephenson, president.
Australialisted liquefied natural gas ltd said on monday it signed a deal with a province in vietnam to supply liquefied natural. Development corporation has engaged wood mackenzie to undertake an analysis of the competitiveness of the alaska lng project the analysis undertaken relies on wood mackenzie s own internal. Wood mackenzie alaska lng competitiveness study aug 2016. Alaska forges ties with sinopec, bank of china in natural gas. The development of the global lng market and the commoditisation of hitherto expensive floating storage technology both fsus and fsrus have provided an impetus for a modern twist on power projects, allowing ccgts to accept gas from international lng cargoes. Ax stock quote, history, news and other vital information to help you with your stock trading and investing. Companies are increasing their exposure to gas and lng, making the corporate landscape more complicated. Chevron, its 2nd bolton acquisition in trinidad upstream gas. Singaporebased consultancy trizen says the path to adoption of liquefied natural gas lng as a marine fuel is currently unclear as a result of low oil prices in its report, lng perspectives 2016, trizen used the term foggy passage to describe the effect that current artificially low oil prices have had on the coming shift to lng bunkers.
Onethird of new lng supply growth already online lng volume set to expand 50% from 2014 to 2020 8 source. The docks are designed to efficiently export natural resources as well as many other types of cargoes. The australian article quoted financial forecasting firm wood mackenzie saying that a. Wood mackenzie is a worldclass company and an excellent addition to the verisk family, said scott stephenson, president and chief executive officer of verisk analytics. The two sides said the deal will see them work cooperatively on lng liquefied natural gas marketing, financing, investment model and china content in alaska lng, and get a periodic result by 2018. European imports for 2015 were estimated at 37 mt net, up 14% year on year. Our use of the term organic includes sec proved oil and gas reserves. Aug 15, 2017 petronas expects balance in oversupplied lng market in 2023. Wood mackenzies view is that the global lng market does not need all this lng at the pace proposed and, as companies confront this reality, a. Our lng in brief is a rolling coverage of events as they happen in global lng markets. British columbians have been hearing a lot about liquefied natural gas lng recently.
Lng producers turn to trading, risk taking to maintain. Chinas liquefied natural gas trucking capacity will double to 38 million tonnes by 2025, consultancy wood mackenzie said in a report on monday the flexibility offered from delivering lng by truck will help offset a lack of infrastructure such as pipelines, storage and regasification units, the consultancy said wood mackenzie estimated the countrys gas consumption would reach. Consequently, the improved netback of shipping lng into europe as an alternative market was more attractive, especially to companies with atlantic supply. Mlle mme puan san sheikh sir snr snra sr sra srta the hon tan sri dato tan sri u daw. In our series of background articles on ioc, we will analyse the lng markets in general and the sitiation in papua new guinnea png in particular. Cheap lng may lure 50 more nations to gas from oil.
Ax news is an australian public listed company based in perth, western australia. Wood mackenzie acquired greentech media in july 2016 for its solar, energy storage and grid expertise. Producers of liquefied natural gas lng have shot themselves in the foot with oversupply, and face calls for flexibility and greater competition from other fuels that may force them to take more. The race to establish an asian lng hub arnaud duboisdenis gm bg singapore gas marketing singapore electricity roundtable, st regis singapore, 8 july 2015. Wood mackenzie has approximately 1,000 employees worldwide with offices in edinburgh, dubai, houston, london, singapore, and sydney. Alaskan lng exports competitiveness studyalaska gasline port authority agpafinal reportjuly 27, 2011 strategy with substance. Papua lng t0tai mackenzie wood a verisk analytics business sne cairn energy block 103b tullow block t tullow block 1 total block 2 tullow itapu petrobras around 8 million bld of new supply is required by 2020 the majority of new growth, needed to offset demand increases and nonopec declines of. Jun 23, 2016 the number of liquefied natural gas importers may more than double as a glut damps prices and encourages nations to ditch crude, according to wood mackenzie ltd. Under the terms of the sale and purchase agreements, woodside will acquire.
The transaction also includes balnaves oil interests and kitimat lng project interests in canada. In 2017, approximately a third of all lng cargoes are estimated to be spot volumes. The first nations lng alliance is a collective of first nations who are participating in, and supportive of, sustainable lng development in bc. A fast track solution to meet south africas energy. Lng storage assumes half of fleet is in ballast, 2. Port mackenzie is the only port in alaska that can boast 9,033 acres, 14 square miles dedicated to commercial and industrial development. Residents are told about the potential economic benefits, but there are critical questions that need to be addressed regarding the environmental and social impacts of the industry, and there is increasing concern about hydraulic fracturing fracking. A % interest in the wheatstone lng project and a 65% interest in the julimarbrunello upstream gas development, with. A fast track solution to meet south africas energy needs 1 port elizabeth mosselbay western cape eastern cape kwazulunatal limpopo gauteng northern lecape north west free state mpumalanga sotho richards bay durban east london johannesburg fossil fuel foundation gas conference johannesburg, may 21 2014.
Cik dato datuk dott dr ing encik eng frau fraulein herr herr dr ing ir khun lic lord m ma. Wood mackenzie alaska lng competitiveness study aug 2016 1. Correctedlng ltd to supply gas to vietnam from louisiana project. Aug 25, 2016 wood mackenzie alaska lng competitiveness study aug 2016 1. The interior energy project, an alaska industrial development and export authority initiative to bring affordable energy to fairbanks and the alaska interior, has passed a couple of milestones, as the project team assesses bids for the supply of gas from the. Shell interpretation of wood mackenzie q4 2016 data. In 2016, the capital investment was impacted by the acquisition of bg group plc.
Linde awarded engineering contract for woodfibre lng. Shell interpretation of ihs lng waterborne trade, liquefaction projects database and wood mackenzie q4 2016 data 265 100 150 200 250 300 350 400 2006 2008 2010 2012 2014 2016 2018 2020 delivered volume. Goldboro lng project gains ea approval for nova scotia lng. Gas analyzing equipment include oxygen monitors, detectors for.
This presentation has been prepared by wood mackenzie limited for. Hilcorp acquires point mackenzie lng plant that supplies. Perth, australia, may 1, 2014 abn newswire liquefied natural gas limited asx. The race to establish an asian lng hub arnaud dubois. Goldboro lng consists of an lng processing plant and facilities for the storage and export of lng including a marine jetty. Middle men are building positions, longterm contracting has fallen and short term. Governor walker accepted the opportunity to lead the project and enable the stranded natural gas on the north slope to move to alaskans and. There are still too many socalled black holes in the liquefied natural gas lng bunker market for widespread adoption of the alternative marine fuel, says singaporebased consultancy trizen according to trizen analysts, shippers now recognise the importance and imminence of the need to substitute oil as their primary propulsion fuel, but there are still too few actual and existing. Woodside to acquire lng project interest pump industry. Gas offers have come in august 16, 2015 petroleum news.
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