Register Now for S&P Global Platts 6th Annual LNG & Hydrogen Gas Markets Asia 2020
Oct 28, 2020
In response to the outbreak of the coronavirus (COVID-19), S&P Global Platts has taken the difficult decision to postpone LNG & Natural Gas Markets Asia this coming April. As a company, our top priority is the safety and wellbeing of our delegates and speakers, our partners, our colleagues and vendors.
The new dates of the event will be October 26-27, 2020 and the event has been revamped to be “LNG & Hydrogen Gas Markets Asia”.
As we await a stabilization of the situation, S&P Global Platts remains committed to sharing our commodity market insights, and will continue to use alternate communication channels.
We regret any inconvenience caused and thank you for your patience and understanding.
Sep 01, 2020
Ira Joseph, head of gas and power for S&P Global Platts Analytics, and Ryan Ouwerkerk, manager of Americas natural gas pricing for S&P Global Platts, are joined by Samer Mosis, Platts team lead, EMEA LNG, to discuss a range of short- and long-term dynamics impacting the Eastern Mediterranean and Middle Eastern gas markets, from Tuna-1 to the future of Leviathan, Egyptian LNG and Cypriot markets.
Aug 14, 2020
The outbreak has hit global LNG demand, incited contract disputes, disrupted trade flows and derailed project investment plans amid uncertainty over the length and depth of the crisis.
With cargo deferments and cancellations leading to a flurry of spot supply tenders and widespread national lockdowns offering little demand support on the horizon, curtailments at production facilities are seen as the only way to help re-balance demand and supply.
Our latest featured event is the European Gas & LNG Virtual Conference. At a critical time for our sector, join us for our first European Gas & LNG virtual conference to better understand the current state of the market and how long we will be on the road to recovery?
Don’t miss a beat, with the latest news, videos and podcasts on our rapidly changing industry.EXPLORE INSIGHTS
Ira Joseph, head of gas and power for S&P Global Platts Analytics, and Ryan Ouwerkerk, manager of Americas natural gas pricing for S&P Global Platts, are back to discuss key uncertainties in the global natural gas and LNG market as winter approaches. With stagnating US production meeting robust storage inventories in US and Europe, will […]
Sep 18, 2020
Ira Joseph, head of gas and power for S&P Global Platts Analytics, and Ryan Ouwerkerk, manager of Americas natural gas pricing for S&P Global Platts, are back to discuss key uncertainties in the global natural gas and LNG market as winter approaches.
With stagnating US production meeting robust storage inventories in US and Europe, will the arrival of winter demand provide further bullish momentum to global gas and LNG prices?
Klaus-Dieter Borchardt, Deputy Director General, European Commission sat down with Siobhan Hall, Editorial lead, EU energy policy, S&P Global Platts to discuss relations between the EU and Russia with particular focus on Nord Stream 2.
Aug 14, 2020
Aug 14, 2020
Ira Joseph, head of gas and power for Platts Analytics, and Ryan Ouwerkerk, manager of Americas natural gas pricing for S&P Global Platts, take a look at how US natural gas prices have jumped and the turnaround in global gas benchmarks.
Jul 02, 2020
After gas prices dropped to record lows in Q2, the most telling factor in determining the supply-demand balance in Q3 is likely to be storage dynamics. European power demand is set to remain subdued, but poor French nuclear availability has prompted a recovery in prices.
Sep 22, 2020
Sep 22, 2020
The country’s Economic Coordination Committee in July approved a proposal to give third parties access to its LNG receiving facilities by selling capacity not utilized by the state-run importer, a move industry officials say would encourage more private sector participation in the country’s LNG sector.
Ghais said the government’s plan to auction unutilized capacity should witness strong interest from private companies looking to start importing spot cargoes by the end of October.
Industry officials say about 300-400 MMcf/d of overall LNG capacity is currently not being utilized. With the proposal for third-party access going through, it would result in incremental LNG demand for three to four spot cargoes per month, helping inflows to rise substantially.
Pakistan currently has two operational LNG terminals — Elengy Terminal with a capacity of 600 MMcf/d, and Gasport Pakistan Ltd. with a capacity of 600 MMcf/d. While the Elengy Terminal, which commenced operation in 2015, is fully utilized, the GasPort terminal, which commenced operations in 2017, is under-utilized.
Due to the under-utilization of the second terminal, regasification tariff worked out to be around $0.6159/MMBtu and $0.7273/MMBtu during the financial years 2018-19 and 2019-20, respectively. The tariff would have been much lower at $0.4177/MMBtu had the terminal operated at its full 600 MMcf/d capacity, Ghais said
“Higher terminal tariff has caused additional financial burden of $32.5 million and $43.2 million during 2018-19 and 2019-20, respectively, which has been shifted to the end-consumers of RLNG in the form of higher gas prices,” Ghais said.
Pakistan’s domestic gas deficit is expected to more than double in five years from the present shortfall of 1,440 MMcf/d, creating challenges for power and fertilizer companies as well as the industrial sector, according to an annual report from the country’s Oil and Gas Regulatory Authority released in August .
The demand-supply gap is expected to widen to 3,684 MMcf/d by financial year 2024-25 and to 5,389 MMcf/d by 2029-30, the report said, adding that supplies will not be sufficient to meet the rising demand from the various sectors of the economy, particularly power, domestic, fertilizer, captive power and industry.
The government has recently approved construction of two new floating regasification units or FSRUs. With Pakistan turning out to be one of the fastest growing LNG markets since it first started importing in 2015, analysts say there is an urgent need to speed up building domestic gas infrastructure and import capacity expansions, which have been planned to absorb incremental inflows.