On the 1st of January 2020, the global shipping sector will face a highly significant shift in the regulation of sulphur emissions from the consumption of shipping fuel. In preparation for that shift, ship owners have several options for achieving regulatory compliance. These include switching to low-sulphur oil-based fuel, installing ‘scrubbers’ to remove sulphur from […]
The outlook for gas demand in China is one of the most important questions facing the global gas market, as it will have significant consequences for gas producers and consumers across the world. The rapid rise in China’s gas demand has been catalysed by environmental concerns, in particular air quality, in the country’s major cities […]
Russia’s pivot to Asia has taken a long time to mature in the gas sector, but 2019 is set to be an important year as the Kremlin seeks to diversify its sources of export revenues. The Power of Siberia pipeline is due to come onstream at the end of the year, and before then agreements […]
China’s “War against Air Pollution” has seen considerable action from the Chinese government over the last few Chinese five year plans, initially focussing on SO2 and NOX with the later plans addressing particulate pollution. In this fascinating interview, Akira Miyamoto & Chikako Ishiguro, Visiting Authors at the OIES, discuss the measures taken against air pollution […]
The growing level of interest displayed in LNG as a marine fuel, driven by both environmental restrictions and economic attractiveness means usage is certain to grow. There is, however, less certainty over the pace and scale of demand growth. This in part is due to the relatively poor data quality on marine fuel usage but […]
In a global gas market, LNG provides diversification and optionality both for producers and consumers. In this presentation, an LNG tightness indicator, designed with the help of Argus Media, is used to aid our understanding of gas markets dynamics, as well as spare capacity calculations published in the first OIES quarterly gas review.
In 2017, a gas crisis emerged in Australia’s East Coast gas market. Gas prices had increased rapidly from mid-2016 as the full effect of the three LNG projects starting operations on Curtis Island worked through the gas market, putting domestic energy users under pressure. In March 2017, the Australian Energy Market Operator (AEMO) forecast gas […]
The cost of shipping LNG has always been an important element to include in the assessment of new LNG project breakeven economics, or in selecting the optimum destination for a spot cargo of LNG. This Energy Insight was prompted a perception that convenient rules of thumb for LNG transport costs were becoming outdated. Until recently, […]
With energy demand in Africa forecast to grow quickly in the coming decades, the prospects of LNG imports have been talked up by many commentators, with Ghana being thought of as one of the brightest prospects. Ghana first began developing its gas market by importing pipeline gas from Nigeria, along the West African Gas Pipeline, […]
Earlier this week, Saudi Arabia, the UAE, Bahrain and Egypt cut diplomatic and economic ties with Qatar, accusing Qatar of supporting extremism. The measures are of unprecedented severity in modern GCC diplomacy with adverse consequences for Qatar, not least for its reputation as a business and international and regional transit hub and as host for […]
Howard Rogers, Chairman, Natural Gas Research Programme, Oxford Institute for Energy Studies, reveals the relative strengths of different groups of players in today’s LNG market particularly portfolio players vs other players.
Following the introduction of its Gas Market Law in 2001, gas demand in Turkey grew rapidly during the 2000s, tripling to almost 50bcm by 2014. Since then, however, growth has slowed dramatically (even declining in 2016) as the government has come to regard its import dependence (imported gas accounts for 98 per cent of total […]
Oil and Gas in a New Libyan Era: Conflict and Continuity https://t.co/1nwjuVE0VO
OIES' Patrick Heather and @thierry_bros comment on no-deal Brexit risk for French security of gas supply - quoted i… https://t.co/h60xGi8G2r
New OIES paper on oil price paths in 2019: In reference scenario, Brent expected to average $68/b in 2019; Brent ri… https://t.co/kxjN8ToXKD