Too Much Gas?
We have recently completed some analysis of the future LNG market using our recently launched LNG Database (see below). Having already grown by 2/3rds since 2005, global LNG production capacity is set to leap a further 50% over the next 5 years if all known projects are completed, according to the database. LNG demand in the Asia-Pacific is strong, but growing shale gas volumes in the United States – a trend unforeseen when these LNG projects were conceived and implemented – has lowered the expected demand curve thereby eating into the profitability of these new facilities and postponing the vision that investors originally had of the role of these giant projects.
It’s hard to know which way round this is working: to what extent is additional spot LNG availability putting a lid on gas prices in North America or, alternatively, to what extent is additional shale gas supply in the US undermining demand for LNG. But we do know that LNG spot cargoes have been offered at par with domestic gas prices in the US for some time, giving much lower netbacks for producers than they might have been hoping for when they decided to invest in these mega-projects.
LNG Asset Database Launched
As part of our goal to detail every single oil & gas asset worldwide we have now completed our database for the LNG market. It provides fast access to need to know information like: LNG production by Region, Country, Company and Regasification capacity by Region, Country and company with capacities up to 2011.
Click here to be taken to the new LNG Assets Database (Clients Only)
How Texas Shale Gas Producers are Ramping up Liquids Production
It’s common knowledge that depressed gas prices in the US have pushed producers to focus on more liquid-rich play shale gas plays. But what are the volumes and how significant a contribution to US liquids production is this shift making?
As part of our new unconventional gas service, we have calculated the volumes involved in the key Barnett producing region of Texas. The answer is that the volumes are not huge: about 20,000 b/d at present from all of the Barnett Shale natural gas plays. In gas equivalent terms, that’s just 1.5% of total gas equivalent production from the Newark East Field, but the trend is steeply up. To see exactly how please see our blog.
Enhanced Demand and Supply Data for Every Country
The expansion of our country coverage system is well underway and provides easy access to country risk ratings, fiscal regimes (for 35 countries currently), news, analysis, assets and demand and supply.
We have recently enhanced our demand and supply coverage for every country to include Oil production and consumption by product type, detailed refinery outputs by product, imports of refined products, exports by product and demand balances for Motor Oil, Middle Distillates, Heavy Fuel, Gas, Kerosene and LPG.