Prices of liquefied natural gas (LNG) for June delivery to Asia fell 5.8% to $14.565 per million British thermal units (/MMBtu), as spot demand has failed to rebound in the past few months, according to the latest monthly Platts Japan/Korea Marker (JKM) for month-ahead delivery. The monthly average Platts JKM for delivery in June was [...]
May 21, 2013 | Posted in
Asia pacific,
Company News,
Featured,
News,
NEWS BY TOPIC,
News Categories,
Press releases,
REGIONAL NEWS,
South & Central Asia,
Top Stories |
Read More »
PIRA Energy Group reported that the past six weeks have brought forth a slew of new LNG import terminals around the globe. In the U.S., the EIA’s gas production estimate for February came in unexpectedly strong. In Spain, the new posting of June pipeline imports from Algeria shows a significant downturn in upcoming June volumes. [...]
May 15, 2013 | Posted in
Africa,
Americas,
Asia pacific,
Company News,
Europe & Eurasia,
Featured,
News,
NEWS BY TOPIC,
News Categories,
Press releases,
REGIONAL NEWS,
Top Stories |
Read More »
PIRA Energy Group reported that demand for LNG fell from March to April and actual end user gas demand in countries importing LNG falls by even more. In the U.S., while regional gas prices rose month-on-month basis differentials weakened. In Europe, gas demand has dropped to levels not seen since 2002/2003. Specifically, PIRA’s analysis of [...]
May 8, 2013 | Posted in
Americas,
Company News,
Europe & Eurasia,
Featured,
News,
NEWS BY TOPIC,
News Categories,
Press releases,
REGIONAL NEWS,
Research & Development,
Top Stories |
Read More »
PIRA Energy Group reports that LNG balances have loosened up considerably since the end of March. In the U.S., large year-on-year gas storage deficit propels Henry Hub cash prices. In Europe, weather limits risk to the downside of the gas markets. Specifically, PIRA’s analysis of natural gas market fundamentals has revealed the following: Lower Asian [...]
May 2, 2013 | Posted in
Americas,
Asia pacific,
Company News,
Europe & Eurasia,
Featured,
News,
NEWS BY TOPIC,
News Categories,
Press releases,
REGIONAL NEWS,
Research & Development,
South & Central Asia,
Top Stories |
Read More »
PIRA Energy Group believes that 2Q13 LNG demand will attract different types of buyers. In the U.S., growing proved natural gas reserves tally likely fell for the first time in over a decade in 2012. In Europe, changing Norwegian gas flows could alter supply risks. Specifically, PIRA’s analysis of natural gas market fundamentals has revealed [...]
April 24, 2013 | Posted in
Americas,
Company News,
Europe & Eurasia,
Featured,
News,
NEWS BY TOPIC,
News Categories,
Press releases,
REGIONAL NEWS,
Top Stories |
Read More »
According to the report ‘Asia Pacific LNG Market Outlook 2020′ LNG has become an increasingly important supply source in meeting the Asia Pacific energy needs. As majority of Asia Pacific countries are importers of LNG, the region represents a big LNG market. According to the new research report, Asia Pacific represents more than 60% [...]
Significant liquefaction capacity will need to be developed during the next decade in order to meet LNG demand which is expected to nearly double by 2025, according to a presentation by Wood Mackenzie at the LNG 17 conference in Houston. This new capacity will in turn require 180tcf (trillion cubic feet) of feedgas, leaving developers [...]
NYC-based PIRA Energy Group believes that the U.K.’s end user gas demand and storage injections will be higher this summer. In the U.S., January’s EIA 914 Survey data suggest structural declines have taken hold in overall natural gas output. In Algeria, Sonatrach announced the first LNG is being generated from the replacement train at Skikda. [...]
PIRA Energy Group reports that the recent drop in Asian LNG spot prices confirms PIRA’s belief that the seasonal dip in 2Q13 Asian LNG demand would cut into spot prices. In the U.S., year-on-year gas storage deficits are on track to be significant by the end of March. In Europe, gas demand is above normal [...]
March 27, 2013 | Posted in
Americas,
Asia pacific,
Company News,
Europe & Eurasia,
Featured,
Middle East,
News,
NEWS BY TOPIC,
News Categories,
Press releases,
REGIONAL NEWS,
Research & Development,
South & Central Asia,
Top Stories |
Read More »
While gas demand in Europe will struggle to recover to pre-financial crisis levels until the latter half of this decade, overall global gas demand continues to grow strongly, Ben Hollins, Head of Gas & Power Research for Wood Mackenzie told delegates in a presentation at FLAME 2013 in Amsterdam. In fact, Wood Mackenzie forecasts that [...]
