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Sunday, 30 December 18
MAJOR LNG BUYERS' UNCONTRACTED DEMAND TO QUADRUPLE BY 2030 - WOOD MACKENZIE
 Wood Mackenzie’s latest research reveals that uncontracted demand by the world’s seven largest LNG buyers could quadruple to 80 million tonnes per annum (mmtpa) by 2030.
The major LNG buyers – CNOOC, CPC, JERA, KOGAS, PetroChina, Sinopec and Tokyo Gas – together account for more than 50% of the global LNG market.
After a number of quiet years, these Northeast Asian players have become active again in global LNG contracting activity, with over 16 mmtpa of contracts announced this year.
“As China pushes on towards a lower-emission economy, its demand for gas and LNG has grown significantly and we expect the trend to continue in the longer term,” said research director, Nicholas Browne.
“Other traditional major buyers, on the other hand, are facing legacy contract expiries and will be on the hunt for a mix of contracts to lower average costs and security in supply sources,” he added.
On the supply front, Wood Mackenzie predicts that 2019 could be a record year for LNG project sanctions with over 220 mmtpa of gas targeting final investment decision (FID). Some of the less prepared or competitive projects will slip into 2020 and beyond, but nonetheless a bumper year beckons.
Frontrunners to get the green light include the US$27 billion Arctic LNG-2 in Russia, at least one project in Mozambique and three in the US. Nearer to Asia, expansion and backfill projects in Australia and Papua New Guinea will also be in the running.
However, LNG suppliers will need to ensure they can meet the changing needs of major LNG buyers as they seek a variety of contracts to meet their different needs. In addition to price, factors such as contract flexibility, index, source diversification, upstream participation and seasonality will all be considerations.
“Market liberalisation and uncertainty on longer-term demand in more mature markets, such as Japan, South Korea and Taiwan, will mean more room for spot and short-term purchases,” Browne said.
“While oil indexation will continue to dominate markets due to familiarity and ability to hedge, Asian buyers should be more inclined towards hub indexation to boost diversity and enable sales into Europe.”
Browne added: “Looking forward, 2019 will be the biggest year ever, in terms of LNG capacity sanctioned, for liquefaction project FIDs. Asia’s major buyers will be at the forefront in ensuring this next generation of LNG supply is brought to market.”
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Friday, 02 November 18
CHINA: COAL CONSUMPTION POSTS STRONG GROWTH ON BACK OF POWER GENERATION DEMAND - CHINA DAILY
China’s energy consumption experienced continuous rebound during the first three quarters in 2018, National Energy Administration announced o ...
Thursday, 01 November 18
IMO 2020 - EXPLORING THE OPTION OF SOX SCRUBBERS - SIDDHARTH MAHAJAN, GARD
KNOWLEDGE TO ELEVATE
There are four possible methods of compliance:
1.use VLSFO (very low Sulphur oil) or blends;
2,use dis ...
Wednesday, 31 October 18
INDIA: COAL IMPORTS SURGE ON DOMESTIC SHORT SUPPLY - HINDU
Shortage of thermal coal supply in India has pushed imports up to 85 million tonnes (mt) in the first half of the current fiscal compared to 75 mt ...
Wednesday, 31 October 18
SHIPPING MARKET INSIGHT - APOSTOLOS ROMPOPOULOS
Since the IMO’s 2020 global cap on sulphur in marine fuels is coming into force, ship-owners have to decide whether they will operate using e ...
Monday, 29 October 18
IMPLEMENTATION OF SULPHUR 2020 LIMIT - CARRIAGE BAN ADOPTED - IMO
An amendment to support consistent implementation of the forthcoming 0.50% limit on sulphur in ships fuel oil was adopted by the International Mari ...
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- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Australian Coal Association
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Minerals Council of Australia
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- The University of Queensland
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
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