Papua lng is a proposed lng facility to be located 25 kilometres north of port moresby, the capital of papua new guinea. Development corporation has engaged wood mackenzie to undertake an analysis of the competitiveness of the alaska lng project the analysis undertaken relies on wood mackenzie. Mlle mme puan san sheikh sir snr snra sr sra srta the hon tan sri dato tan sri u daw. Coronavirus threatens as much as 6 million tonnes of global growth. Alaskan lng exports competitiveness studyalaska gasline port authority agpafinal reportjuly 27, 2011 strategy with substance 2. Shell risks losing gas race as rival targets shared resource. Wood mackenzie 2011, fge 2011 spot priced off atlantic as long as atlantic is oversupplied. Wood mackenzie forecasts global coal supply will continue expanding to meet demand throughout the forecast period chinese and indian demand growth are the key market drivers in this forecast global seaborne thermal coal supply is expected to increase by 1. Elba island lng export usa q418 2,5 freeport t1 usa q119 4,6 corpus christi lng t1 usa q119 4,5 cameron lng export t1 usa q219 4,0 cameron lng export t2 usa q319 4,0 sabine pass export train 5 usa q219 4,5 freeport t2 usa q319 4,4. Fiscal regimes, petroleum contracts, and natural gas. There is a widening range of suppliers democratising access to lng supply, not least infrastructure developers in the us.
Overview of global lng markets asia pacific context. The power sectors demand for gas will grow to make up for the nuclear fallout. Globally, the whole industry has a long history of poor project delivery. Wood mackenzie, a verisk business, is a leading research and consultancy business for the global energy, chemicals, metals and mining industries. Wood mackenzie examines the impact of coronavirus on the energy sector and discusses specifically what crashing lng prices means for solar, wind, and energy storage markets around the world. Aug 25, 2016 wood mackenzie alaska lng competitiveness study aug 2016 1. Everything you need to know about the topic you are looking for. Discover longterm and shortterm outlook reports on global gas market fundamentals, dynamics and disruptive trends. Build a responsive pricing strategy and optimise your procurement with data and tools drawn from market. Australia is not unique to experiencing issues with lng execution.
To safeguard your imports you need ontheground data that helps you spot emerging pricing trends together with robust forecasts of future gas and lng flows and interdependencies. With a deep understanding of the oil, gas, power, renewables, chemicals, metals and mining sectors, were able to provide more accurate crosscommodity and crosssector analysis. Our lng forecasts include detailed analysis of the entire gas and liquefied natural gas value chain to provide a complete picture. Securing natural gas supplies is evermore competitive. Sep 04, 2015 wood mackenzie s view is that the global lng market does not need all this lng at the pace proposed and, as companies confront this reality, a raft of project postponements will follow, tomnay. At nearly 20 million tonnes per annum mmpta of lng it would be largest single project to reach fid, according to wood mackenzie, and take total lng. The views expressed, and any mistakes that remain are solely my responsibility. Lng will bear the brunt of this reduction in domestic gas demand, although some disruption. Mackenzie, matthew drinkwater from argus global lng, alex thackrah from icis global lng, thomas thorkildsen from hoegh lng and hadi farhoud from gtt. Market report subscription services wood mackenzie. Wood mackenzie, is a verisk analytics business and a global leader in commercial intelligence for the energy, metals and mining industries. There is a widening range of suppliers democratising access to lng. We think 3 mt to 6 mt of lng demand will be lost, or 4% to 10% of full year 2020. However, by the time of writing in early april 2019, lng spot prices in asia had surprised again, having fallen rapidly to record lows.
Lng trade estimate is a wood mackenzie estimate based on market intelligence, tender data and company publications. In 2015, the company was acquired by verisk analytics, an american data analytics and risk assessment firm. Shell interpretation of wood mackenzie q4 2016 data. Our lng in brief is a rolling coverage of events as they happen in global lng markets covering the latest. Introducing well evaluator, a wood mackenzie lens solution. Bmi, wood mackenzie, giignl 1 includes only gas and gascondensate fields and excludes direct holdings by the government 2 offshore transportation includes jvs between iocs and petrovietnam. Wood mackenzie, also known as woodmac is a global energy, chemicals, renewables, metals and mining research and consultancy group with an international reputation for supplying comprehensive data, written analysis and consultancy advice. Epik, developer of the newcastle gasdock lng terminal in new south wales, australia, announced today that it has engaged industryleading energy consulting experts, wood mackenzie, to conduct a comprehensive analysis of the southeast australian gas market in parallel with epiks commercial efforts seeking terminal capacity subscribers. The year 2019 has seen asian spot lng prices more than halve to eventually bottom out at an alltime low of. New lng vessels may soon outstrip natural gas supply, wood. Wood mackenzie alaska lng competitiveness study aug 2016.
The economics for lng from valdez are superior to the comparable projects, agpa general counsel bill walker said. As such, the project to get the green light first will hinder economic viability of. Lng changes everything for australias east coast gas market. P lng tool 2018 summarised by standard bank p published 257 293 319 325380 377526 407545 518685 607658 cagr 5. Access the most comprehensive, cleansed and reliable analyticsready solution today. Development corporation has engaged wood mackenzie to undertake an analysis of the competitiveness of the alaska lng project the analysis undertaken relies on wood mackenzies own internal. Jan 26, 2016 wood mackenzies midyear prediction that only a handful of major projects would make financial investment decision fid approval in 2015 proved close enough only a few large upstream developments achieved the green light during the year, wood mackenzie, a global energy consultancy provider, said on monday. The global lng market responded quickly, with lng supplies diverted to japan. Mar, 2018 shell risks losing gas race as rival targets shared resource by. The word abundance comes to mind when we think of hydrogen.
We provide objective analysis and advice on assets, companies and markets, giving clients the insight they need to make better strategic. Apr 03, 2017 lng output could grow by more than 100 mt by 2020 to more than 360 mt. By continuing your navigation, you consent to their use. Developer of the newcastle gasdock lng terminal, epik. Lng shortterm trade and price outlook q4 2019 wood mackenzie. With expertise in oil, gas, chemicals, metals, mining, power and renewables, we can guide your decisions with industryleading analysis at wood mackenzie. Wood mackenzie cat, lng gem, lng tool the analysis is taken from the february 2011 lng service insight. Customers get unrivalled access to our trusted global industry expertise, enabling them to spot, validate and benchmark opportunities, and forecast how. Evaluate global gas market fundamentals, dynamics and disruptive trends using our complete analysis of the entire. Jun 23, 2016 the number of liquefied natural gas importers may more than double as a glut damps prices and encourages nations to ditch crude, according to wood mackenzie ltd. Development corporation has engaged wood mackenzie to undertake an analysis of the competitiveness of the alaska lng project the analysis undertaken relies on wood mackenzie s own internal. Between 20152020, wood mackenzie is forecasting lng production to increase by more than 150 million metric tonsyear mmty, compared to 20 mmty in the five years prior to 2016.
The opinions expressed in these materials are those of wood mackenzie, and nothing contained in them constitutes an offer to buy or to sell securities, or investment advice. The organizational chart of wood mackenzie displays its 87 main executives including neal anderson, chris grieve and gavin thompson. According to wood mackenzie, less than 10% of global lng projects have been completed under budget, and 60% experienced delays to schedules. Sep 16, 2011 alaskan lng exports competitiveness study by wood mackenzie 1. Alaska lng competitiveness study august 2016 strategy with substance. Make better decisions with objective insight drawn from deep industry knowledge. Might rising costs in australia propel north america lng exports. Covid19 could be the straw that breaks the camels back. Natural gas intelligence content on wood mackenzie natural gas intelligence ngi, is a leading provider of natural gas, shale news and market information for the deregulated north american. Lng in janua f the gorgon ate 2017 and oduction capa 015, most notab t sabine pass rises to devel ct in western s that could yie acific northw tinued to purs a lng received er 2015. Australias next wave of lng projects needs to compete to. Jul 24, 2019 seoul, south korea 24 july 2019 epik co.
Wood mackenzie makes no warranty or representation about the accuracy or completeness of the information and data contained in these materials, which are provided as is. Jul 12, 2018 wood mackenzie forecasts only one lng import terminal is needed, given market fundamentals until the 2030s. Cik dato datuk dott dr ing encik eng frau fraulein herr herr dr ing ir khun lic lord m ma. Lng will be disproportionately hit because nocs will favour domestic supplies and maintain offtake from pipeline imports which are already at minimum takeorpay volumes. A new report from wood mackenzie shows promise for the emerging technology. Its also used abundantly as an input into oil refining, ammonia and methanol production, and steel manufacturing. Alaskan lng exports competitiveness study by wood mackenzie. Chinas liquefied natural gas trucking capacity will double to 38 million tonnes by 2025, consultancy wood mackenzie said in a report on monday the flexibility offered from delivering lng by truck will help offset a lack of infrastructure such as pipelines, storage and regasification units, the consultancy said. Net imports of lng are expected to increase from 0. Lng cost overruns in the previous boom averaged 33%, with. Lng output could grow by more than 100 mt by 2020 to more than 360 mt.
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