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  1. LNG to be marginal source of global supply, BP executive says

    BP PLC ’s Global Chief Economist Spencer Dale has forecast that the US Henry Hub will be the benchmark for global LNG prices into the future. He said US LNG will be the marginal source of global supply and therefore LNG prices are likely to be determined by prices at Henry Hub. Speaking at a luncheon in Trinidad and Tobago held to discuss the 2016 BP Statistical Review, Dale forecast that over the short term there will be an oversupply of LNG with a new train coming on stream every 9 weeks. Dale said this is likely to keep prices relatively low with Henry Hub prices averaging $3/MMbtu while prices in Europe and Asia average $1-2 higher than at Henry Hub. However, Dale said in the long run there will be an increase in LNG demand, which will balance supply and demand and lead to LNG prices taking their cue from Henry Hub. BP’s chief economist opined that global LNG supplies will continue to rise and overtake pipelines as the major source of supplying gas to the world. Dale explained that this is because LNG is more nimble than pipeline gas and can respond rapidly to market changes. He pointed to the case of the Asian market in 2011 following the Fukushima nuclear disaster in Japan, where there was a strong need for additional LNG supply, which led to higher prices. He said, “If you have a pipeline then you cannot respond. You have to keep on pumping wherever you were pumping. But if you are the captain of a ship in the ocean, then you can turn your vessel around and take that gas to the place where it is fetching the highest price.” Dale told the luncheon audience that the growth in LNG will be driven mainly by Australia and the US with the emergence of a global integrated gas market . He said the US was likely to have excess LNG capacity, which it will use to sell additional quantities of LNG into the global system as long as it can cover the variable costs. Dale said the shale revolution was here to stay and that by 2035, shale will be responsible for half the gas supply growth worldwide. He said while the US will remain king of shale, it was expected that Russia and China will also increase their gas production but from conventional sources. Dale said gas will be used increasingly to replace coal to power the future industries and provide electricity for the millions who will be lifted out of poverty in countries like India and China.

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    Fri, 16 Sep 2016

  2. Total, Pertamina sign long-term LNG supply deal

    Total SA has signed long-term agreements with Indonesia’s state-owned PT Pertamina for LNG supply over a period of 15 years starting in 2020.

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    Tue, 2 Feb 2016

  3. Pavilion secures 20-year LNG supply deal with BP

    Singapore's Pavilion Gas Pte. Ltd., a wholly owned subsidiary of Pavilion Energy, has secured a total of 0.4 million tons per annum (Mtpa) of liquefied natural gas ( LNG ) supply from BP for a tenure of 20 years starting from 2019.

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    Wed, 24 Sep 2014

  4. Prometheus signs LNG supply , services agreement with Antero in Marcellus, Utica

    Prometheus Energy Group Inc., a supplier of liquefied natural gas (LNG) to the oil and gas, mine haul, process industry and remote power generation sectors, has signed an agreement to supply Antero Resources' LNG requirements to power a significant portion of its natural gas fueled drilling rigs in ...

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    Tue, 20 Aug 2013

  1. Barclays, Eni USA ink LNG supply , marketing agreement for Cameron LNG Terminal

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    Wed, 11 Aug 2010

  2. CERA Analysis Predicts Tight LNG Supply and Fuel Diversification

    At the recent CERAWeek Executive Conference, a CERA presentation predicted that North American LNG supplies will fall short of the power industry's needs over the next 15 years, causing an increase in natural gas prices and a diversification to other fuels to meet electricity demands.

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    Thu, 24 Feb 2005

  3. Woodside signs LNG supply deal with Korea Gas

    Woodside Petroleum Ltd. has signed a sales and purchase agreement with Korea Gas Corp. for a maximum supply of 2.2 million tonnes of LNG during 3 years from its 4.3 million tonne/year Pluto LNG plant on the Burrup Peninsula near Karratha in Western Australia.

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    Fri, 28 Feb 2014

  4. Cheniere unit, Iberdrola sign LNG supply deal

    Corpus Christi Liquefaction LLC, a subsidiary of Cheniere Energy Inc., Houston, has entered into a sale and purchase agreement (SPA) under which Spain’s Iberdrola SA will purchase 400,000 tonnes/year of LNG on the start of operations of Train 1 of the LNG export facility under development near ...

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    Fri, 30 May 2014

  5. US likely to face LNG supply problems

    The US will have to pay a premium for the liquefied natural gas it requires to make up for the shortfall in natural gas production caused by the past month's hurricanes, according to Cambridge Energy Research Associates (CERA).

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    Wed, 12 Oct 2005

  6. Wood Mackenzie cautions Asian governments that evolving energy policies are changing LNG buyer risk profiles

    At Gastech 2014 today, Wood Mackenzie highlights that evolving Asian governments' energy policies are limiting the development of some new LNG supply options and changing the risk profile of LNG procurement.

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    Tue, 25 Mar 2014

  7. Crowley adds 16 ISO liquefied natural gas tanks to its fleet

    In response to high customer demand, Crowley Maritime Corp. has acquired 16 additional ISO tanks for its Carib Energy group that will be used to  supply, transport and distribute U.S.-sourced liquefied natural gas (LNG) to customers in Puerto Rico, the Caribbean and Central America.

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    Mon, 20 Jul 2015

  8. Global LNG imports fueled by escalating demand from emerging Asian nations

    New analysis from Frost & Sullivan, the Global Liquefied Natural Gas (LNG) Market Assessment, reviews how the global LNG imports market is being fueled by escalating demand from emerging Asian nations.

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    Fri, 5 Jun 2015

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