China Sneezes, Henry Hub Catches a Cold
Proximity is the key ingredient in many facets of life — whom you marry, friends you make and keep, your first job — are just a few examples. But as the world becomes more interconnected through technology and advanced transportation networks, proximity’s reach has become nearly limitless. Comparably, the shale revolution and removal of the […]
Impacts on LNG Imports and Natural Gas Consumption Due to the Coronavirus in China
Dr. Ning Lin, Jiaxin Yang and Birdy Chen, RBAC, Inc. In January 2020 the Coronavirus, also known as COVID-19, created a significant amount of uncertainty in the Chinese natural gas market. As China is also considered a major demand center for LNG, that uncertainty has also spread throughout the global gas and LNG market. The […]
It Takes Two to Tango – Supply Growth is Slowing but Demand is Needed to Revive Prices
In RBAC’s 2019 Quarter 4 gas market outlook (19Q4base), using the GPCM® Natural Gas Market Forecasting System™, a key focus in the near-term forecast is the impact of lower natural gas prices on supply and demand balances and related implications for LNG exports. Undoubtedly, low natural gas prices have led to a rough winter for […]
The Future of Natural Gas in China, Gulf and India: Opportunities and Challenges
According to the Oxford Institute for Energy Studies, the demand of natural gas in the Gulf countries will have a growth in 75% from now to 2030 which attributes to its development of urbanization and increasing of labor force. Also, the urgent requirements in its industrial and electric sectors should be considered. However, China aims […]
China’s Strategic Need to Open Doors for Foreign Investment in Upstream EP
Per Xinhua news agency, on Jan. 9, 2020, China’s Ministry of Mineral Resources announced today the opening of exploration and production to private investment. Domestic and foreign companies with local net assets of at least 300 million yuan ($43 million) can apply for licenses. The reform will take effect on May 1, 2020. This announcement […]
A Reality Check in the Wave of LNG Projects
As LNG trade becomes the fastest-growing segment of global gas and fuels much enthusiasm in investing in LNG facilities, it also presents a new concern to many participants in the market: with many competing LNG projects, do we have an oversupplied LNG market at hand? Two recent news in the past week was particularly interesting […]
How big is the deal – Impact of Trade War on LNG between the US and China
This is the first post in my mini-series of “track what matters” – a knowledge share for natural gas market analysis crowd. In this post, I discuss the logic to answer this question. I like to iterate – when you see the charts and numbers below, keep this in mind: this is not intended to […]
Who provides the greatest value for US LNG – A deep dive into LNG imports for Asia
I shared with you the Asian gas balance chart last week and promised to continue this story. Here this goes. When we look into LNG imports in Asia, we need to get a closer look at the various importing markets, as they have different needs and hence characteristics for LNG demand. It is a critical […]
Putin Knew
Last week Bloomberg on MSN glibly reported that the Trump administration had conceded defeat in its effort to stop Russia’s Nordstream 2 pipeline. According to the article, the pipeline was already nearly complete and the latest sanctioning under the National Defense Authorization Act (NDAA) had failed. https://www.bloomberg.com/news/articles/2019-12-18/u-s-concedes-defeat-on-nord-stream-2-pipeline-officials-say CNBC agreed with Bloomberg stating that the NDAA […]
Are Natural Gas Write-Downs a Temporary or Long-Term Phenomenon?
There is a lot at stake in the current natural gas environment that impact not only the natural gas players but the entire energy industry. To realize how much is at stake, we only need to look back a week to an article from the Wall Street Journal discussing Chevron’s $10 Billion write down. The […]
