The liquefied natural gas industry has become too reliant on demand for the fuel from China, industry executives warned at last week’s CERAWeek, advising players in the LNG field to try and broaden their markets before they begin suffering the impact of this overreliance.
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Global gas demand growth rate has increase by 2.4 percent since the beginning of the century, Trend informs with reference to the Annual Report of Royal Dutch Shell.
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The United States will drive global oil supply growth over the next five years thanks to the remarkable strength of its shale industry, triggering a rapid transformation of world oil markets according to the International Energy Agency’s annual oil market forecast. By the end of the forecast, oil exports from the United States will overtake Russia and close in on Saudi Arabia, bringing greater diversity of supply.
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More than two years after the Nigerian National Petroleum Corporation reiterated its commitment to two Liquefied Natural Gas projects in the country, there is still uncertainty over whether the multibillion-dollar projects will come on stream.
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Oil demand growth is expected to slow significantly from next year.
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By 2030, oil demand could hit a peak and then enter decline, according to a new report.
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Europe is again set to absorb surplus LNG supply over the next few years, but from 2021 will likely need the LNG to offset declining domestic production, industry officials said Monday.
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Energy consultants Wood Mackenzie’s latest research reveals that uncontracted demand, by the world’s seven largest LNG buyers, could quadruple from 20 million metric tons today to 80 by 2030.
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(Bloomberg) — Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency.
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Oil is going to be very much demand driven.
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