Evolving LNG trade: Will demand for cleaner gas spread to Asia?

Thumbnail Image

Evolving LNG trade: Will demand for cleaner gas spread to Asia?

As the US and Europe move to cut methane emissions, will the demand pull for cleaner LNG spread to price-sensitive Asia?

Ben Cahill, a senior fellow at the Center for Strategic and International Studies, published a report this month looking at how concerns about methane emissions might spread elsewhere in the world, and how the focus on methane could reshape the LNG market.

Cahill argues that it will take some time before the market -- and Asian buyers in particular -- start paying a premium for cleaner gas. But he does believe demand for this so-called differentiated LNG will develop eventually.

Stick around after the interview for Starr Spencer with the Market Minute, a look at the stabilizing US rig count and other trends from first-quarter earnings calls.

This podcast was produced by Meghan Gordon in Washington and Jennifer Pedrick in Houston.

Related content:

Podcast: Methane 'ultra-emitters' offer oil, gas industry quick, significant way to reduce climate footprint

Podcast: Tracking upstream emissions with US oil supply on the rise

Blog: Methane performance certificates to bring price transparency to emission reduction efforts

New satellite-driven methane calculations could add visibility into US natural gas emissions

More listening options:

Platts Capitol Crude Podcast on Spotify

Platts Capitol Crude Podcast on Apple Podcasts

Platts Capitol Crude Podcast on Google Podcasts

Tags

  • Gas & Power

  • LNG

Related content

Podcasts

How are gas operators navigating the difficult gas environment in 2024?

Pressured by sub-$2/MMBtu prices, many US producers have decided to cut spending on gas-directed drilling and completion activity and to scale back production in 2024. But there are signs of price improvement along the futures curve in late 2024 and thereafter, due in part to the arrival of new LNG facilities, giving operators reason for optimism. In this episode, Jeremy Beaman, natural gas news editor, talks with Bryan Mcnamara and Imre Kugler, directors of upstream research, about how natural gas producers are approaching a difficult price environment and what their plans are for 2024 and 2025. Register for Global Power Markets More listening options: No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).

Podcasts

Global LNG: A review of 2023 and outlook for 2024

The United States emerged as the largest LNG exporter in the world in 2023, and begins 2024 with a decision by the White House to delay new export permits. This, and other uncertainties, promise an interesting year for global LNG trade. Michael Stoppard joins EnergyCents with hosts Hill Vaden and Sam Humphreys to review big events to hit the LNG market in 2023, and consider the biggest trends to watch in 2024. Learn more about S&P Global Commodity Insights energy coverage at: https://www.spglobal.com/commodityinsights/en Join the conversation at energycents@spglobal.com More listening options: No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).

Podcasts

Oil and gas companies opening wallets as lease sales grow scarcer

The Biden administration in December signed off on a plan to conduct the fewest oil and gas lease sales in history, with just three auctions in the Gulf of Mexico planned in the next five years. Now, oil and gas companies are changing their bidding strategies to scoop up leases when they are available. George Laguros, a technical research principal with S&P Global Commodity Insights, spoke with Starr Spencer, senior editor for oil news at S&P Global Commodity Insights, to discuss the recent lease sale, and what might be next for leases after the election. Stick around for Chris Vanmoessner with the Market Minute, a near-term look at oil market drivers. Related content: US Gulf Lease Sale 261 takes in high bids of $382.2 mil, largest amount in eight years (subscriber content) US Gulf's northeast Keathley Canyon may become new arena for drilling, development (subscriber content) No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).

Podcasts

LNG exports, pauses, climate impacts: Are we having the wrong debate?

The US Department of Energy in late January hit “pause” on its work issuing key LNG export permits. About 30 million mt/year of probable export capacity additions in the US and Mexico are at risk because of the permitting hold. Climate activists have celebrated the White House decision as a massive win, while industry groups have warned that it could endanger future LNG projects and undermine the role of the US as an LNG exporter. But Arvind Ravikumar , co-director of the Energy Emissions Modeling and Data Lab and a professor within the University of Texas at Austin’s Department of Petroleum and Geosystems Engineering, believes this is the wrong debate to be having. S&P Global Commodity Insights Americas LNG reporter Corey Paul caught up with Ravikumar for the podcast. And Ravikumar shared his perspective on the way we should be thinking about the future of US LNG exports. Stick around for Jeff Mower with the Market Minute, a look at near-term oil market drivers. Related content: We are having the wrong debate about Biden’s decision on liquefied natural gas : Arvind Ravikumar White House declares pause on key US LNG export permits, policy review US producers tout LNG growth outlook despite regulatory uncertainty US Senate weighs long-term impact of Biden's LNG permitting pause (subscriber content) No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor's Financial Services LLC or its affiliates (collectively, S&P).