Algeria will aim to hold on to gas market share

2018 ◽  
Keyword(s):  
Natural Gas ◽  
Chief Executive ◽  
Liquefied Natural Gas ◽  
Supply Contracts ◽  
Content Type ◽  
Global Demand ◽  
Gas Market ◽  
One Year ◽  
Gas Supply

Significance Sonatrach is preparing to renegotiate most of its long-term contracts to supply natural gas by pipeline and as liquefied natural gas (LNG), as their expiry dates approach in 2019 and 2020. Ould Kaddour, who was appointed Sonatrach’s chief executive one year ago after a period of turbulence within Sonatrach, has made clear that he appreciates the need for a flexible approach in an intensely competitive market. Impacts Algeria’s hydrocarbons production is declining, but global demand for LNG in particular is rising fast. Securing new natural gas supply contracts will be vital for Algeria’s revenue prospects. Ould Kaddour’s efforts to foster better relations with international companies could be rewarded by increased investment.

Gas supply/demand imbalance will persist into 2023

2021 ◽  
Keyword(s):  
Natural Gas ◽  
Liquefied Natural Gas ◽  
Economic Situation ◽  
Living Standards ◽  
Spot Price ◽  
Direct Impact ◽  
Content Type ◽  
Gas Market ◽  
Gas Supply

Significance The Asian spot price for liquefied natural gas (LNG) set records in late 2020 and again in October 2021, equivalent to USD325 per barrel of oil equivalent, with European gas prices some 30% lower. Gas prices will greatly influence living standards and economic prospects in 2022-23. Impacts The global gas market will be tight into 2022, but the scale of price rises depends on weather, Russian strategy and the economic situation. The market will turn back to oversupply, probably after 2023, assuming recent LNG projects stay on schedule. Gas companies are increasingly paying attention to decarbonisation and hydrogen, but this will not have a major direct impact in 2022-23.

Pakistan’s regasification capacity will increase

2017 ◽  
Keyword(s):  
Natural Gas ◽  
Atmospheric Pressure ◽  
Liquefied Natural Gas ◽  
Fuel Oil ◽  
Content Type ◽  
Capital Outflows ◽  
Natural Gas Vehicle ◽  
Power Shortages ◽  
Gas Supply

Subject Pakistan's LNG imports and natural gas supply. Significance Pakistan in July claimed it could become one of the top five purchasers of liquefied natural gas (LNG) by 2022. The country is looking to address growing gas demand and reduce capital outflows for fuel oil and diesel imports; regasification facilities are required to convert LNG back to natural gas at atmospheric pressure. Impacts Fewer power shortages would decrease protests, especially prevalent in summer months, over blackouts. Pakistan’s natural gas vehicle sector could see a rejuvenation, curbing gasoline and diesel demand. Increased LNG use in domestic fertiliser production will reduce urea imports.

Central-Eastern Europe will compete for new LNG market

2018 ◽  
Keyword(s):  
Natural Gas ◽  
Eastern Europe ◽  
Liquefied Natural Gas ◽  
Content Type ◽  
Natural Gas Market ◽  
Eu Member States ◽  
Central Eastern Europe ◽  
The North ◽  
Central Eastern ◽  
Gas Market

Subject LNG in Greece, Croatia and Poland. Significance Liquefied natural gas (LNG) terminals and interconnectors are part of the north-south natural gas corridor advocated by EU member states in Central-Eastern Europe (CEE) as a means to reduce dependence on Russia. Impacts The LNG project in Greece could slow down Croatia's plans to build an LNG terminal off the island of Krk. Access to cheap US gas via LNG is transforming the natural gas market worldwide. Cheaper gas may facilitate the transition from coal and increase the share of renewables across the region.

scholarly journals The V4’s Gas Market transition towards the EU’s Energy Security

2021 ◽  
Vol 16 (2) ◽  
pp. 207-218
Author(s):  
Katarína Sárvári
Keyword(s):  
Energy Security ◽  
Market Transition ◽  
Market Model ◽  
Spot Markets ◽  
Supply Contracts ◽  
Gas Market ◽  
Returns On Investment ◽  
Gas Supply ◽  
The Eu

Current development of the European gas market uncovers several new opportunities and challenges for energy security that developed from big changes in production, transit and supply ways of natural gas to Europe. New European gas market model builds on the principles of diversification, the security of supply, interconnectivity and liberalization. Realization of the EU Third Energy Package related to a progressive shift from long-term oil-linked gas supply contracts and development of alternative gas supply sources and lines, as well as the rivalry between already established gas transit lines and the new supply lines present new challenges and require transition for the V4 countries. In this article I studied what are the new changes and challenges of the transition of V4 countries towards the EU’s energy security? To adjust to transition V4 countries should build the new infrastructure on the short-term pricing market and the ways how it will be funded. If V4 countries want to trade gas with the neighbours and transport most of the Russian gas to Europe, they need to invest into reforms of pipelines’ networks or to find other alternatives of diversification in the next decades. Returns on investment on a liberalized market with a multitude of competitors will be manageable but require serious reforms. The V4 countries will have to enter into the spot markets to efficiently trade gas. Available gas hubs in Europe are much smaller, less liquid, and mostly supplied by the same companies as the long-term traded gas hubs. This kind of markets is easy to manipulate. Therefore, it is important for the V4 countries to plan how to coordinate their national energy policies and name EU’s energy targets for the future.

VICTORIAN GAS MARKET-OPPORTUNITIES FOR PRODUCERS

1997 ◽  
Vol 37 (1) ◽  
pp. 755
Author(s):  
C.P. Demarte
Keyword(s):  
Gas Production ◽  
Market Place ◽  
Supply Contracts ◽  
Gas Industry ◽  
Market Growth ◽  
Field Development ◽  
Market Opportunities ◽  
Gas Market ◽  
Gas Supply

This paper addresses opportunities for producers in the Victorian gas market arising from the ongoing reform of the Australian gas industry. Much of the impetus of the change has occurred in Victoria but to date there has been little evidence of the benefit of market reform to producers. This is expected to change.Until recently, Esso/BHPP had a secure hold on gas production into the Victorian market. The renegotiation of their gas supply agreement with Gas and Fuel has created opportunities for limited production from new producers in the short term and significant market options in the long term.Gas marketing companies are preparing to change the way they do business. Rigid long-term gas supply contracts will be balanced with alternative arrangements with producers such as financing of field development, equity investment in projects, alliances, commodity exchanges and the use of underground gas storage and LNG.The formation of a spot market for gas will allow a transparent market place to evolve where forward physical and paper transactions can take place. Trading of gas futures and options will provide a mechanism for producers to take up any risk position that meets their corporate strategy.In the light of market growth forecasts, flexible supply arrangements and market restructure, the potential for supply of natural gas by producers into the Victorian market is considerable.

Assessing the Possibility of a Gas Hub Emergence in East Asia

2021 ◽  
Vol 144 ◽  
pp. 136-141
Author(s):  
Maxim Yu. Shevyrenkov ◽  
Keyword(s):  
Natural Gas ◽  
East Asia ◽  
Price Index ◽  
Current Situation ◽  
Liquefied Natural Gas ◽  
Asia Pacific ◽  
Pricing System ◽  
Main Factors ◽  
Gas Market

The article examines the problem of emergence in East Asia of a regional trading center (hub) for liquefied natural gas (LNG) with its own independent price index, which can become the basis for pricing in long-term contracts for supplying gas to the countries of this region. The author identifies the main factors stimulating Asian players in the gas market to pass to a new pricing system while signing gas purchase contracts. The countries — the main candidates for creating their own LNG hub — are considered. The article analyzes current situation and the prospects for developing regional LNG hubs in such countries as China, Japan and Singapore. The paper also identifies the main obstacles to creating developed exchange trade of LNG in the Asia-Pacific countries and estimates the most likely places for the emergence of a gas hub.

Part I Commercial Arbitration in the Energy Sector, 3 Gas Supply Transactions and Disputes

2018 ◽  
Author(s):  
Finizio Steven ◽  
Howe Michael
Keyword(s):  
Natural Gas ◽  
End Users ◽  
Liquefied Natural Gas ◽  
Transportation Infrastructure ◽  
Commercial Arbitration ◽  
High Profile ◽  
Gas Price ◽  
And Storage ◽  
Gas Supply

This chapter first describes the main transactions that occur in relation to the supply of natural gas after its exploration. In particular, it studies contracts relating to: the production of gas (including drilling contracts), the processing of gas, the transportation of gas (including in pipelines and as liquefied natural gas (LNG) by ship), the storage of gas, the sale of gas from producers to wholesalers, and the sale of gas from wholesalers to end users. The chapter then discusses disputes that typically arise in relation to those transactions, including transportation infrastructure disputes and storage disputes. It pays particular attention to disputes relating to long-term gas sale and purchase agreements (GSPAs), an important number of which have led to high-profile arbitration proceedings in recent years. The chapter, therefore, analyzes in detail the clauses typically contained in those agreements, and the issues that typically arise in arbitration — in particular, gas price reviews.

South Asian gas demand and imports are set to rise

2017 ◽  
Keyword(s):  
Power Generation ◽  
Natural Gas ◽  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
South Asian ◽  
Liquefied Natural Gas ◽  
Gas Emissions ◽  
Content Type ◽  
Energy Mix ◽  
Gas Supply

Subject South Asia's gas use outlook. Significance Liquefied natural gas (LNG) is to assume much greater importance in the South Asian energy mix, aiding the control of greenhouse gas emissions growth, but creating new import dependencies. Impacts The development of LNG import infrastructure will reduce the focus on regional pipelines. Improved gas supply will boost industry, power generation and gas use in transportation. South Asia’s gas imports will rise.

New conditions of competition in the European gas market

2020 ◽  
Vol 22 (5) ◽  
pp. 84-92
Author(s):  
PETER ILIEV PETROV ◽  
Keyword(s):  
Natural Gas ◽  
Liquefied Natural Gas ◽  
The European Union ◽  
Practical Application ◽  
Gas Industry ◽  
Natural Gas Market ◽  
Gas Market ◽  
The Impact ◽  
Different Parts

This article aims to discuss the process of liberalization of the natural gas market in the European Union (EU). The purpose of this research is to show the fundamental characteristics of the gas industry, the process of reconstruction of the European gas market, taking into account the ongoing changes in the context of geopolitical, ecological, and technological determinants of the international and European energy and gas sector. The article describes the structure of the modern European natural gas market, compares the competitiveness of gas transportation methods through trunk pipelines and gas tankers transporting liquefied natural gas. The article examines the impact of the increase in the supply of liquefied natural gas on the situation with the turnover of gas trade in the European market, in particular, how it affects the delivery of hydrocarbons and the growth in the scale of exchange trading. The article examines the Groningen model, which influences the development of gas exchange trading and natural gas trading through long-term contracts. The evolution of the European policy in the field of natural gas, the established strictly regulated version of the “well-functioning” gas market, remains as one too political and unstable experiment. The importance of natural gas changes all the time, depending on economics, the security of deliveries, and sustainability. Furthermore, the focus on that importance and its practical application vary in different parts of Europe. The conclusion is made that a “well-functioning” gas market is characterized by the presence of a large number of suppliers, and competition leads to a noticeable decrease in prices for natural gas. However, in the current situation, the demand for gas turns out to be unstable, and difficult conditions for pipeline supplies are emerging for traditional suppliers. In the long term, the “well- functioning” gas market scheme will remain highly politicized and unstable, with increased competition in supply and a downward trend in gas prices. Thus, the European gas market is transforming towards the formation of a “buyer’s market”.

Creative steps to bring new gas supply to the south-east Australian domestic gas market: the Sole Gas Project after 42 years

2020 ◽  
Vol 60 (2) ◽  
pp. 450
Author(s):  
Eddy Glavas
Keyword(s):  
Natural Gas ◽  
Liquefied Natural Gas ◽  
Development Plan ◽  
Gas Field ◽  
Full Production ◽  
Lost Time ◽  
Gas Market ◽  
Offshore Development ◽  
Two Stages ◽  
Gas Supply

The Sole Gas Project is a new offshore project delivering gas to south-east Australian domestic gas customers, and the first new offshore development introduced into a tight market since the three Gladstone liquefied natural gas projects have been in full production. During an overall industry downturn (~2015) an opportunity presented itself. The Sole Gas Project was always technically robust since the first development plan was assessed and selected but required a market signal for it to be commercialised and funded. As the foundation target in its burgeoning domestic gas strategy, Cooper Energy acquired the Sole gas field (VIC/L32) and the Orbost Gas Plant in two stages and pursued creative steps to combine focused subsurface and engineering techniques, a drilling campaign, partners, funding, gas marketing, regulators and community to deliver new gas supply without a single offshore lost-time injury or incident.

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