Tag: LNG

  • US-China: The Great Decoupling

    By: Michal Meidan

    Markets have been watching with bated breath the ups and downs in bilateral negotiations between the US and China as the two sides seek to resolve a tariff tit-for-tat that has escalated into a trade war. But what many observers may have failed to notice is that the negotiating process has also laid bare a […]

  • LNG Spot Price Forecasting and the Futures Curve

    By: Nikolai Drahos

    LNG spot prices in Asia have defied expectations over the past few years. During 2016 and 2017, LNG markets were widely expected to enter a period of overcapacity, resulting in a long period of low LNG spot prices in Asia. Instead, Asian LNG spot prices increased quickly due to surging demand, particularly in China, and […]

  • Quarterly Gas Review – Issue 6

    By: Thierry Bros

    Thanks to Argus Media, we updated our “LNG tightness” metric that measures the spread between the US Gulf Coast LNG FOB and the Henry Hub price. It is interesting to keep track of this ‘LNG tightness’ in a fast-changing energy world. A period of oversupply leads normally to behavioural changes to adapt to a new […]

  • Are Asian LNG Spot Prices Finally Decoupling from Oil?

    By: Mike Fulwood

    LNG spot prices in Asia have fallen sharply in the last 6 months as the supply coming on to the market has outstripped demand. With oil prices remaining above $70/b this has opened up a wide gap with oil linked long term contract prices. Are we seeing the beginning of a systematic decoupling of spot […]

  • A review of prospects for natural gas as a fuel in road transport

    By: Chris N Le Fevre

    The number of Natural Gas Vehicles (NGVs) worldwide continues to grow though there are major differences between countries both in terms of levels of penetration and underlying drivers.  NGVs have some environmental advantages over petroleum-based fuels – particularly if biomethane is available – and, in many markets, are cheaper. However, the prospects for NGVs in […]

  • New Players New Models

    By: David Ledesma , Mike Fulwood

    The LNG business is in a period of considerable change as it moves from a structured to a traded market. The entry of new players has resulted in a more flexible value chain model, where the bilateral linkages between suppliers and buyers are no longer ‘fixed’. The increase in spot purchases and short-term trading has […]

  • Price reviews and arbitrations in Asian LNG markets

    By: Agnieszka Ason

    Until recently, Asian LNG contract issues, including price adjustments, have been resolved by negotiation, with few formal price review clauses, and certainly no price review arbitrations. These two, largely European phenomena to date, are only now spilling over into Asia. As this paper argues, the role of LNG price reviews and arbitrations in the Pacific […]

  • Outlook for Competitive LNG Supply

    By: Claudio Steuer

    Over the last six months, LNG Canada and Golden Pass LNG final investment decisions committed nearly 30 Mtpa of new LNG supply capacity surpassing all the new LNG supply committed over the entire period 2015-17. Expectations for 2019-20 involve a record number of new LNG supply projects reaching FID. This paper provides an overview covering […]

  • Quarterly Gas Review – Issue 5

    By: Thierry Bros

    In this issue of the OIES Quarterly Gas Review we updated our “LNG tightness” metric (with thanks to Argus Media) that measures the spread between the US Gulf Coast LNG FOB and the Henry Hub price. It is interesting to keep track of this ‘LNG tightness’ in a fast-changing energy world. In December 2018 with […]

  • LNG Supply Chains and the Development of LNG as a Shipping Fuel in Northern Europe

    By: Jack Sharples

    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 Natural Gas and LNG in China in the War against Air Pollution

    By: Akira Miyamoto , Chikako Ishiguro

    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 gas pivot to Asia

    By: James Henderson

    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 […]