The Development of a Global LNG Market

The Development of a Global LNG Market

Author: James T. Jensen

Publisher:

Published: 2004

Total Pages: 106

ISBN-13:

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"A major aim of this study is to test the proposition that LNG markets will become increasingly 'global'. In the process, the study illuminates the very substantial changes unfolding in the Atlantic and Pacific Basin LNG markets. The evolution of short-term and spot transactions, and the development of arbitrage opportunities within the Atlantic Basin and between the Atlantic and the Pacific, have been identified as important trends, as demand for LNG increases, particularly in the United States."--BOOK JACKET.


Book Synopsis The Development of a Global LNG Market by : James T. Jensen

Download or read book The Development of a Global LNG Market written by James T. Jensen and published by . This book was released on 2004 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A major aim of this study is to test the proposition that LNG markets will become increasingly 'global'. In the process, the study illuminates the very substantial changes unfolding in the Atlantic and Pacific Basin LNG markets. The evolution of short-term and spot transactions, and the development of arbitrage opportunities within the Atlantic Basin and between the Atlantic and the Pacific, have been identified as important trends, as demand for LNG increases, particularly in the United States."--BOOK JACKET.


Global LNG Market

Global LNG Market

Author: Marcin Gałczyński

Publisher:

Published: 2017

Total Pages: 161

ISBN-13: 9788394672706

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Book Synopsis Global LNG Market by : Marcin Gałczyński

Download or read book Global LNG Market written by Marcin Gałczyński and published by . This book was released on 2017 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt:


LNG Markets in Transition

LNG Markets in Transition

Author: Anne-Sophie Corbeau

Publisher: Oxford University Press, USA

Published: 2016

Total Pages: 0

ISBN-13: 9780198783268

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The present situation in the LNG market should be seen as a 'crossroads' for the industry. The LNG industry has not been static over the past 5 decades and has already experienced many changes, but still the model of long-term contracts prevails and the majority of LNG is still bought at oil-indexed gas prices. There have however been considerable changes: an increase in short-term trading of LNG, buyer contractual flexibility and FOB contracts which have lead to around a quarter of the LNG is being traded under spot and short-term contracts, with aggregators play a far more significant role. All these factors have influenced project business structures. The industry has now embarked on a period of further change, with 180 bcm of new LNG export capacity (equivalent to more than 50% of LNG trade in 2014) under construction at a time when the assumed rapid LNG demand growth in Asia appears to be slowing. The absorption of this new supply will affect, not only trade-flow patterns, but also pricing dynamics, competition with other gas supply channels and (in the power sector) potentially other fuels. Key to this change is US LNG, with buyers becoming more selective about the price and delivery terms they are ready to accept. Sellers however are facing high costs and are reluctant to abandon a business model in which they have confidence. Oil indexation is under further attack with US LNG selling at HH indexed prices (plus costs), and other sellers and buyers have been pressured to adopt different pricing policies and secure more contractual flexibility. This volume examines the development of the LNG business over the past 50 years and examines how the industry will change over the coming 15 years, faced by unprecedented challenges to its historic business model.


Book Synopsis LNG Markets in Transition by : Anne-Sophie Corbeau

Download or read book LNG Markets in Transition written by Anne-Sophie Corbeau and published by Oxford University Press, USA. This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present situation in the LNG market should be seen as a 'crossroads' for the industry. The LNG industry has not been static over the past 5 decades and has already experienced many changes, but still the model of long-term contracts prevails and the majority of LNG is still bought at oil-indexed gas prices. There have however been considerable changes: an increase in short-term trading of LNG, buyer contractual flexibility and FOB contracts which have lead to around a quarter of the LNG is being traded under spot and short-term contracts, with aggregators play a far more significant role. All these factors have influenced project business structures. The industry has now embarked on a period of further change, with 180 bcm of new LNG export capacity (equivalent to more than 50% of LNG trade in 2014) under construction at a time when the assumed rapid LNG demand growth in Asia appears to be slowing. The absorption of this new supply will affect, not only trade-flow patterns, but also pricing dynamics, competition with other gas supply channels and (in the power sector) potentially other fuels. Key to this change is US LNG, with buyers becoming more selective about the price and delivery terms they are ready to accept. Sellers however are facing high costs and are reluctant to abandon a business model in which they have confidence. Oil indexation is under further attack with US LNG selling at HH indexed prices (plus costs), and other sellers and buyers have been pressured to adopt different pricing policies and secure more contractual flexibility. This volume examines the development of the LNG business over the past 50 years and examines how the industry will change over the coming 15 years, faced by unprecedented challenges to its historic business model.


Energy for the 21st Century

Energy for the 21st Century

Author: Susan L. Sakmar

Publisher: Edward Elgar Publishing

Published: 2013-04-01

Total Pages: 508

ISBN-13: 1781005885

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ÔProfessor SakmarÕs book is a must-read for anyone interested in gaining a better understanding of the most dynamic segment of the global energy industry.Õ Ð Jay Copan, Executive Director, LNG 17 ÔProfessor SakmarÕs book provides a well-rounded overview of the global role that natural gas is expected to play in the future and the important role of LNG as a means of transporting gas to where it is needed. Readers will find the book to be a very convenient compendium of relevant global information and an important educational, informational resource.Õ Ð Ronald D. Ripple, Director, Centre for Research in Energy and Minerals Economics, Curtin University, Australia ÔUnderstanding global energy markets Ð what forces shape them and what trends define them Ð is critical for any professional trying to evaluate new energy developments and technological directions. Susan SakmarÕs impressive ability to provide this context in terms of LNG markets makes her book valuable.Õ Ð Warren R. True, Sr., Chief Technology Editor, Oil & Gas Journal ÔWith clear and direct text, supplemented with key maps, charts and graphics from government, industry and other sources, the book moves the reader smoothly through the early history of LNG up to current developments, including shale gas and North American LNG exports. The book is a valuable resource for anyone interested in understanding global gas markets and the energy policy challenges facing us in the 21st century.Õ Ð Jacqueline L. Weaver, A.A. White Professor of Law, University of Houston Law Center, US Countries around the world are increasingly looking to liquefied natural gas (LNG) Ð natural gas that has been cooled until it forms a transportable liquid Ð to meet growing energy demand. Energy for the 21st Century provides critical insights into the opportunities and challenges LNG faces, including its potential role in a carbon-constrained world. This comprehensive study covers topics such as the LNG value chain, the historical background and evolution of global LNG markets, trading and contracts, and an analysis of the various legal, policy, safety and environmental issues pertaining to this important fuel. Additionally, the author discusses emerging issues and technologies that may impact global LNG markets, such as the development of shale gas, the prospects of North American LNG exports, the potential role of the Gas Exporting Countries Forum and floating LNG. The author contextualizes the discussion about the importance of LNG with an analysis of why the 21st century will be the Ôgolden ageÕ of natural gas. Accessible and non-technical in nature, this timely book will serve as an essential reference for practitioners, scholars and anyone else interested in 21st century energy solutions.


Book Synopsis Energy for the 21st Century by : Susan L. Sakmar

Download or read book Energy for the 21st Century written by Susan L. Sakmar and published by Edward Elgar Publishing. This book was released on 2013-04-01 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: ÔProfessor SakmarÕs book is a must-read for anyone interested in gaining a better understanding of the most dynamic segment of the global energy industry.Õ Ð Jay Copan, Executive Director, LNG 17 ÔProfessor SakmarÕs book provides a well-rounded overview of the global role that natural gas is expected to play in the future and the important role of LNG as a means of transporting gas to where it is needed. Readers will find the book to be a very convenient compendium of relevant global information and an important educational, informational resource.Õ Ð Ronald D. Ripple, Director, Centre for Research in Energy and Minerals Economics, Curtin University, Australia ÔUnderstanding global energy markets Ð what forces shape them and what trends define them Ð is critical for any professional trying to evaluate new energy developments and technological directions. Susan SakmarÕs impressive ability to provide this context in terms of LNG markets makes her book valuable.Õ Ð Warren R. True, Sr., Chief Technology Editor, Oil & Gas Journal ÔWith clear and direct text, supplemented with key maps, charts and graphics from government, industry and other sources, the book moves the reader smoothly through the early history of LNG up to current developments, including shale gas and North American LNG exports. The book is a valuable resource for anyone interested in understanding global gas markets and the energy policy challenges facing us in the 21st century.Õ Ð Jacqueline L. Weaver, A.A. White Professor of Law, University of Houston Law Center, US Countries around the world are increasingly looking to liquefied natural gas (LNG) Ð natural gas that has been cooled until it forms a transportable liquid Ð to meet growing energy demand. Energy for the 21st Century provides critical insights into the opportunities and challenges LNG faces, including its potential role in a carbon-constrained world. This comprehensive study covers topics such as the LNG value chain, the historical background and evolution of global LNG markets, trading and contracts, and an analysis of the various legal, policy, safety and environmental issues pertaining to this important fuel. Additionally, the author discusses emerging issues and technologies that may impact global LNG markets, such as the development of shale gas, the prospects of North American LNG exports, the potential role of the Gas Exporting Countries Forum and floating LNG. The author contextualizes the discussion about the importance of LNG with an analysis of why the 21st century will be the Ôgolden ageÕ of natural gas. Accessible and non-technical in nature, this timely book will serve as an essential reference for practitioners, scholars and anyone else interested in 21st century energy solutions.


Liquefied Natural Gas (LNG) in U.S. Energy Policy

Liquefied Natural Gas (LNG) in U.S. Energy Policy

Author: Paul W. Parfomak

Publisher:

Published: 2005

Total Pages: 22

ISBN-13:

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Book Synopsis Liquefied Natural Gas (LNG) in U.S. Energy Policy by : Paul W. Parfomak

Download or read book Liquefied Natural Gas (LNG) in U.S. Energy Policy written by Paul W. Parfomak and published by . This book was released on 2005 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Liquefied Natural Gas (LNG) in U.S. Energy Policy

Liquefied Natural Gas (LNG) in U.S. Energy Policy

Author:

Publisher:

Published: 2005

Total Pages: 0

ISBN-13:

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Liquefied natural gas (LNG) imports to the United States are increasing to supplement domestic gas production. Government officials such as the Federal Reserve Chairman and the Secretary of Energy have spoken in favor of LNG imports to mitigate high energy prices. Through regulatory and administrative actions, federal agencies are trying to attract private capital for LNG infrastructure, streamline the LNG terminal approval process, and promote LNG trade. Were these policies to continue and gas demand to grow, LNG might account for as much as 21% of U.S. gas supply by 2025, up from 3% in 2004. Congress is examining the infrastructure and market implications of greater U.S. LNG demand. There are concerns about how LNG capacity additions would be integrated into the nation's gas infrastructure. Meeting projected U.S. LNG demand would require six to ten new import terminals in addition to expansion of four existing terminals. Five new terminals in the Gulf of Mexico are approved, but public opposition has blocked near-to-market terminals which might save billions of dollars in gas transportation costs. New LNG terminals can also require more regional pipeline capacity to transport their supply, although this capacity may not be available in key markets. Securing LNG infrastructure against accidents and terrorist attacks may also be a challenge to public agencies. Since import terminals process large volumes of LNG, a breakdown at any facility has the potential to bottleneck supply. LNG's effectiveness in moderating U.S. gas prices will be determined by global LNG supply, the development of a "spot" market, potential market concentration, and evolving trading relationships. There appears to be sufficient interest among LNG exporters to meet global demand projections, although it remains to be seen which new export projects will be built. An LNG spot market, which may help U.S. companies import LNG cost-effectively, also appears to be growing. Although some industry analysts believe the future LNG market may be influenced by a natural gas cartel, the potential effectiveness of a such a cartel is unclear. Whether exporters cooperate or not, an integrated global LNG market may change trading and political relationships. In a global market, individual country energy polices may affect LNG price and availability worldwide. Trade with LNG exporters perceived as politically unstable or inhospitable to U.S. interests may raise concerns about supply reliability. Recent measures before Congress (H.R. 4413 in the 109th Congress, S. 2095 in the 108th Congress, and P.L. 108-199) would affect LNG imports by encouraging domestic gas production and new LNG terminal construction, although Congress has not been explicit about the desirability of imported LNG overall. As Congress debates U.S. natural gas policy, three questions emerge: (1) Is expanding LNG imports the best option for meeting natural gas demand in the United States? (2) What role, if any, should the federal government play in facilitating the development of LNG infrastructure domestically and abroad? (3) How might Congress mitigate the risks of the global LNG trade within the context of national energy policy? This report will be updated as events warrant.


Book Synopsis Liquefied Natural Gas (LNG) in U.S. Energy Policy by :

Download or read book Liquefied Natural Gas (LNG) in U.S. Energy Policy written by and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Liquefied natural gas (LNG) imports to the United States are increasing to supplement domestic gas production. Government officials such as the Federal Reserve Chairman and the Secretary of Energy have spoken in favor of LNG imports to mitigate high energy prices. Through regulatory and administrative actions, federal agencies are trying to attract private capital for LNG infrastructure, streamline the LNG terminal approval process, and promote LNG trade. Were these policies to continue and gas demand to grow, LNG might account for as much as 21% of U.S. gas supply by 2025, up from 3% in 2004. Congress is examining the infrastructure and market implications of greater U.S. LNG demand. There are concerns about how LNG capacity additions would be integrated into the nation's gas infrastructure. Meeting projected U.S. LNG demand would require six to ten new import terminals in addition to expansion of four existing terminals. Five new terminals in the Gulf of Mexico are approved, but public opposition has blocked near-to-market terminals which might save billions of dollars in gas transportation costs. New LNG terminals can also require more regional pipeline capacity to transport their supply, although this capacity may not be available in key markets. Securing LNG infrastructure against accidents and terrorist attacks may also be a challenge to public agencies. Since import terminals process large volumes of LNG, a breakdown at any facility has the potential to bottleneck supply. LNG's effectiveness in moderating U.S. gas prices will be determined by global LNG supply, the development of a "spot" market, potential market concentration, and evolving trading relationships. There appears to be sufficient interest among LNG exporters to meet global demand projections, although it remains to be seen which new export projects will be built. An LNG spot market, which may help U.S. companies import LNG cost-effectively, also appears to be growing. Although some industry analysts believe the future LNG market may be influenced by a natural gas cartel, the potential effectiveness of a such a cartel is unclear. Whether exporters cooperate or not, an integrated global LNG market may change trading and political relationships. In a global market, individual country energy polices may affect LNG price and availability worldwide. Trade with LNG exporters perceived as politically unstable or inhospitable to U.S. interests may raise concerns about supply reliability. Recent measures before Congress (H.R. 4413 in the 109th Congress, S. 2095 in the 108th Congress, and P.L. 108-199) would affect LNG imports by encouraging domestic gas production and new LNG terminal construction, although Congress has not been explicit about the desirability of imported LNG overall. As Congress debates U.S. natural gas policy, three questions emerge: (1) Is expanding LNG imports the best option for meeting natural gas demand in the United States? (2) What role, if any, should the federal government play in facilitating the development of LNG infrastructure domestically and abroad? (3) How might Congress mitigate the risks of the global LNG trade within the context of national energy policy? This report will be updated as events warrant.


Handbook of Liquefied Natural Gas

Handbook of Liquefied Natural Gas

Author: Saeid Mokhatab

Publisher: Gulf Professional Publishing

Published: 2013-10-15

Total Pages: 617

ISBN-13: 0124046452

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Liquefied natural gas (LNG) is a commercially attractive phase of the commodity that facilitates the efficient handling and transportation of natural gas around the world. The LNG industry, using technologies proven over decades of development, continues to expand its markets, diversify its supply chains and increase its share of the global natural gas trade. The Handbook of Liquefied Natural Gas is a timely book as the industry is currently developing new large sources of supply and the technologies have evolved in recent years to enable offshore infrastructure to develop and handle resources in more remote and harsher environments. It is the only book of its kind, covering the many aspects of the LNG supply chain from liquefaction to regasification by addressing the LNG industries’ fundamentals and markets, as well as detailed engineering and design principles. A unique, well-documented, and forward-thinking work, this reference book provides an ideal platform for scientists, engineers, and other professionals involved in the LNG industry to gain a better understanding of the key basic and advanced topics relevant to LNG projects in operation and/or in planning and development. Highlights the developments in the natural gas liquefaction industries and the challenges in meeting environmental regulations Provides guidelines in utilizing the full potential of LNG assets Offers advices on LNG plant design and operation based on proven practices and design experience Emphasizes technology selection and innovation with focus on a “fit-for-purpose design Updates code and regulation, safety, and security requirements for LNG applications


Book Synopsis Handbook of Liquefied Natural Gas by : Saeid Mokhatab

Download or read book Handbook of Liquefied Natural Gas written by Saeid Mokhatab and published by Gulf Professional Publishing. This book was released on 2013-10-15 with total page 617 pages. Available in PDF, EPUB and Kindle. Book excerpt: Liquefied natural gas (LNG) is a commercially attractive phase of the commodity that facilitates the efficient handling and transportation of natural gas around the world. The LNG industry, using technologies proven over decades of development, continues to expand its markets, diversify its supply chains and increase its share of the global natural gas trade. The Handbook of Liquefied Natural Gas is a timely book as the industry is currently developing new large sources of supply and the technologies have evolved in recent years to enable offshore infrastructure to develop and handle resources in more remote and harsher environments. It is the only book of its kind, covering the many aspects of the LNG supply chain from liquefaction to regasification by addressing the LNG industries’ fundamentals and markets, as well as detailed engineering and design principles. A unique, well-documented, and forward-thinking work, this reference book provides an ideal platform for scientists, engineers, and other professionals involved in the LNG industry to gain a better understanding of the key basic and advanced topics relevant to LNG projects in operation and/or in planning and development. Highlights the developments in the natural gas liquefaction industries and the challenges in meeting environmental regulations Provides guidelines in utilizing the full potential of LNG assets Offers advices on LNG plant design and operation based on proven practices and design experience Emphasizes technology selection and innovation with focus on a “fit-for-purpose design Updates code and regulation, safety, and security requirements for LNG applications


European Gas Market Developments

European Gas Market Developments

Author: United Nations Publications

Publisher:

Published: 2017

Total Pages: 28

ISBN-13:

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This report provides insights and guidance on developments and needs in the natural gas market. The report, drafted by the Columbia University's School of International and Public Affairs for the UNECE Group of Experts on Gas, and in collaboration with a broad range of natural gas stakeholders from the UNECE region, highlights demand and supply trends for natural gas and Liquefied Natural Gas (LNG) and suggests areas where policy makers can support the development of LNG infrastructure and markets that can contribute to sustainable development.


Book Synopsis European Gas Market Developments by : United Nations Publications

Download or read book European Gas Market Developments written by United Nations Publications and published by . This book was released on 2017 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides insights and guidance on developments and needs in the natural gas market. The report, drafted by the Columbia University's School of International and Public Affairs for the UNECE Group of Experts on Gas, and in collaboration with a broad range of natural gas stakeholders from the UNECE region, highlights demand and supply trends for natural gas and Liquefied Natural Gas (LNG) and suggests areas where policy makers can support the development of LNG infrastructure and markets that can contribute to sustainable development.


LNG - A Review of Current and Future Markets

LNG - A Review of Current and Future Markets

Author: Nana Yaw Addo-Korie

Publisher: GRIN Verlag

Published: 2012-01-20

Total Pages: 13

ISBN-13: 3656105189

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Scientific Essay from the year 2011 in the subject Energy Sciences, grade: A, Coventry University, course: MSc Oil & Gas Management, language: English, abstract: The LNG industry is experiencing strong growth in its current market- posting an impressive 297.63 bcm in LNG imports during 2010(BP 2011: 29). However, it is still a budding industry because Russia and Iran- owners of the largest gas reserves in the world are still fledgling LNG exporters (Economides and Wood 2009). According to Kumar et al. (2011) LNG is also a clean substitute over petrol and diesel. Moreover the Asian tigers like Japan, China and India are still growing their economies (ExxonMobil 2010: 8). Thus, the Asian tigers’ LNG demand, the eco-nature of LNG, coupled with Russia and Iran’s LNG exports - can create a more robust LNG market in the future. This paper examines the existing and future market of LNG – in the light of major LNG players in each region.


Book Synopsis LNG - A Review of Current and Future Markets by : Nana Yaw Addo-Korie

Download or read book LNG - A Review of Current and Future Markets written by Nana Yaw Addo-Korie and published by GRIN Verlag. This book was released on 2012-01-20 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientific Essay from the year 2011 in the subject Energy Sciences, grade: A, Coventry University, course: MSc Oil & Gas Management, language: English, abstract: The LNG industry is experiencing strong growth in its current market- posting an impressive 297.63 bcm in LNG imports during 2010(BP 2011: 29). However, it is still a budding industry because Russia and Iran- owners of the largest gas reserves in the world are still fledgling LNG exporters (Economides and Wood 2009). According to Kumar et al. (2011) LNG is also a clean substitute over petrol and diesel. Moreover the Asian tigers like Japan, China and India are still growing their economies (ExxonMobil 2010: 8). Thus, the Asian tigers’ LNG demand, the eco-nature of LNG, coupled with Russia and Iran’s LNG exports - can create a more robust LNG market in the future. This paper examines the existing and future market of LNG – in the light of major LNG players in each region.


Canada's Role in the Global LNG Market

Canada's Role in the Global LNG Market

Author:

Publisher:

Published: 2017

Total Pages: 26

ISBN-13: 9780660089935

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Download or read book Canada's Role in the Global LNG Market written by and published by . This book was released on 2017 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: