International Prices – A Look at First-Half 2016 and Current Trends
The Brent at $40-48/b in 2016 (vs. $52/b in 2015) The Brent price averaged $39/b for first-half 2016, i.e. 25% lower than the 2015 average of $52/b. If the price were to remain within the $40-60/b...
View ArticleLONG-TERM PIPELINE GAS SUPPLY CONTRACTS IN EUROPE: TOWARDS MORE FLEXIBILITY...
Cedigaz has released its updated Long-Term Pipeline Gas Supply Contracts in Europe Database. Unsurprisingly, given the present context of uncertain demand and looming gas bubble, with Europe as a whole...
View ArticleInternational Gas Prices – October 11 , 2016
NBP: down in August and September, up in October The slight pressure on the NBP price in the month of June has turned out to be transient, due to temporary supply constraints. Since then, it has fallen...
View ArticleInternational Gas Prices – November 7 , 2016
NBP: Strong upward pressure In October, the NBP price saw a spectacular 44% rise to €16.4/MWh ($5.3/MBtu). This is slightly higher than the price of oil-indexed contracts, a sign that the market is...
View ArticleThe latest statistics of the International Gas Association CEDIGAZ show a...
CEDIGAZ’ Natural Gas in the World 2016 report confirms the provisional estimates published early May, showing a moderate natural gas demand growth in 2015 for the third year in a row. Global gas...
View ArticleInternational oil&gas prices – Outlook 2017
Brent: $50 to 60/b in 2017 (2016: $43.6/b) For the last six months, the estimated Brent price for 2017 has been in the $50-56/b range, up from $43.6/b in 2016, i.e. a potential gain of between 16 and...
View ArticleEastern Asian LNG gross imports increased by 3.4% in 2016
LNG imports in Japan, South Korea, China and Taiwan reached a total of 157.9 Mt in 2016, increasing by 3.4% compared to 2015 (152.7 Mt). This growth came mainly from China where imports surged by 33%...
View ArticlePost COP21- What does the future hold for gas in Southeast Asia?
Today, Southeast Asia is again in front of great changes in its energy mix. To meet surging demand, the region must secure a reliable and affordable energy supply. It must also limit the environmental...
View ArticleDoes LNG have a long-term future in the United Arab Emirates?
The United Arab Emirates (UAE) is one of the world’s longest-established LNG exporters. But despite holding the world’s sixth largest gas reserves, LNG imports into the federation increased at an...
View ArticleThe reshaping of the global LNG market
The ramp of new LNG production accelerated in 2016 when 16 million tons of new LNG supply were added to the market, representing a 6.8% annual growth. This was the highest growth rate recorded since...
View ArticleThe First Estimates of the International Gas Association CEDIGAZ show a...
Natural gas consumption grew 1.6% to 3528 bcm in 2016, according to CEDIGAZ, driven by multiple structural and temporary factors. This positive growth is similar to the previous year’s and also in line...
View ArticleUnderground Gas Storage in the World – Part 1: Current capacity
Highlights from the latest update of Cedigaz’ Worldwide UGS Database. No significant changes compared with 2015, except in Europe As of end 2016, there were 672 underground gas storage (UGS)...
View ArticleUnderground Gas Storage in the World – Part 2: Storage projects
Highlights from the latest update of Cedigaz’ Worldwide UGS Database. Only 25 bcm of working capacity is under construction The capacity currently under construction is limited. At worldwide level,...
View ArticleNATURAL GAS DEMAND WILL PURSUE ITS SHORT AND MEDIUM-TERM GROWTH TRAJECTORY TO...
CEDIGAZ, the International Association for Natural Gas Information, has just released its « Medium and Long Term Natural Gas Outlook 2017 ». This scenario, which incorporates national energy plans,...
View ArticleThe rise in coal prices: Beijing policy drives EU coal-to-gas switching
Despite a decline in global coal demand for the second consecutive year, international steam coal prices doubled in 2016. This massive rise may seem paradoxical; in fact, it responded to market...
View ArticleCEDIGAZ 2035 LNG Outlook – New projects needed after 2023
GLOBAL OVERVIEW Total effective capacity[1] is expected to increase significantly from 244 mmtpa in 2015 to 387 mmtpa in 2021 (+60%). Subsequently, effective capacity from facilities currently...
View ArticleIndia’s vision to a gas-based economy Drivers and Challenges
Thanks to India’s rising economy and population, the country’s outlook for growth in energy demand is robust. The role of gas in the country’s energy mix, however, is hard to determine. Today, India’s...
View ArticleEurope and China gave new impetus to the global gas demand in 2016
The latest statistics of the International Gas Association CEDIGAZ indicate that natural gas has pursued steady expansion. CEDIGAZ Survey Natural Gas in the World 2017 confirms the first estimates...
View ArticleLNG Pricing: Is US LNG competitive in North East Asia?
Out of the 8.3 Mt of US LNG exports recorded in the first 8 months of 2017, 2.37 Mt was exported to the North East Asian countries (29%). This represents a remarkable development given the fact that...
View ArticleNATURAL GAS DEMAND GROWTH ACCELERATED IN 2017, UNDER THE IMPULSION OF CHINA
Recent trends in world natural gas demand The year 2017 still highlights the strong competition between natural gas, coal and renewable energies. While the global economic recovery has strengthened, it...
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