Chevron expecting global gas supply shortage

Royal Dutch Shell had previously estimated that more than US$200 billion of investments would be needed to sufficiently meet the LNG demand boom by 2030. Chevron Corp has released statements which indicate a global supply which will only account for the 600 million tons per year demand by 2035. Read more here: https://www.lngindustry.com/liquid-natural-gas/07032018/chevron-expecting-an-lng-supply-shortage/

Natural Gas - Another boom for USA?

The United States currently produces 76 bscf of gas and is expected to export 3.6 bscf per day in 2018. The intense winter in Asia, especially China however is expected to trigger a boom in the US export market as the Chinese demand for LNG has gone up by 40 percent year-over-year. Read more here:https://www.cnbc.com/2018/03/08/new-us-natural-gas-boom-coming-as-chinese-demand-surges.html

Saudi Arabia set to join shale revolution

Saudi Arabia plans to double the U.S 2016 natural gas reserves from shale, with an expenditure of $300 billion on projects over the next 10 years. Production is set to start by the end of March and reach its target by the end of this year. Read more here: https://www.energyvoice.com/oilandgas/165710/next-entrant-shale-revolution-opecs-saudi-arabia/

Chinese experts demand for growth in natural gas sector

The intense chills during the last winter period and shortages in heating have exposed China’s “systemic flaws” in the production and supply of natural gas. Experts are therefore calling on the government to encourage private-sector involvement and allow more flexible pricing mechanisms to support the growth of the country’s natural gas industry. Read more here: http://www.globaltimes.cn/content/1092453.shtml

Unprecedented rate of LNG supply to Chinese terminals

Heavy demand for LNG and natural gas imports in China has pushed China past South Korea to become the world’s second-largest LNG importer. 18 provinces in China have implemented conversion schemes of coal-to-gas leading to a with a 48% growth in LNG imports. Read more here: http://www.lngworldshipping.com/news/view,chinese-lng-terminals-hit-record-utilisation-rates_51033.htm

Germany and Turkey lead surge in 2017 Russian gas imports

Germany hits a new record of 53.4 Bcm in gas imports while Turkey’s imports have increased by 17.3% in 2017. Gazprom’s new gas pipelines have impacted and driven the sales dramatically with the 55 Bcm/year Nord Stream 2 link to Germany and the 31.5 Bcm/year TurkStream line to Turkey. Read more here: https://www.platts.com/latest-news/natural-gas/london/analysis-germany-turkey-lead-2017-russian-natural-26906059