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    LNG Condensed

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Volume 2, Issue 7 - November/December, 2020

If you are an NGW Subscriber you can access LNG Condensed here.

LNG Condensed Vol. 2, Issue 7

LNG Condensed brings you independent analysis of the LNG world's rapidly evolving markets. 

Covering the length of the LNG value chain and the breadth of this global industry, it will inform, provoke and enrich your decision making.  Published monthly, LNG Condensed provides original content  on industry developments by the leading editorial team from Natural Gas World.

LNG Condensed is your magazine for the fuel of the future.

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In this Issue:

Editorial: Winter Recovery

Having seen spot LNG prices in Asia-Pacific sink below $2/mn Btu at the end of April to an all-time low, the rebound in recent months to above $6.5/mn Btu in October for December delivery will come as a welcome relief both to LNG sellers and project developers.

The long march to Canadian LNG

 Many planned Canadian LNG projects have faced cancellation and delay because of market uncertainty and opposition from First Nations’ and environmental groups. The ongoing pandemic has depressed sector development further and European attitudes to LNG appear to be swinging in favour of hydrogen. However, the country’s fi rst export scheme, LNG Canada, is underway and Chinese LNG demand is recovering well. Putting First Nations’ groups and regional governments at the heart of project development could yet see new capacity developed.

Post-pandemic China resurgent

Not for the first time China is determining the size and shape of the global LNG market, with signifi cant implications for suppliers and other consuming countries. Improved access for domestic companies will rebound into the international LNG sphere, but this will not aff ect their ability to drive a hard bargain for a market which will be by far the biggest source of global demand growth for some time to come.

UK green package looks a little blue

The UK has become the latest European country to formulate a green package designed to aid post-pandemic economic recovery yet remain in line with its net zero carbon by 2050 target. It does not, on the face of it, look good for natural gas demand and therefore LNG imports. However, the increased commitment to carbon capture, use and storage, combined with a policy on nuclear power which is unlikely to deliver substantial results, suggest the UK will pursue a ‘blue’ rather than ‘green’ hydrogen strategy.

Country Focus: Sri Lanka – a new market entrant?

Sri Lanka looks set to become a new entrant to the LNG market in coming years, buoyed by the hope of eventually supporting a gas-driven energy sector from its own as yet undeveloped resources. In the interim, LNG would predominantly displace oil-fired generation, reducing both the country’s fuel import bill and its greenhouse gas emissions.

Project Spotlight: Arc7 LNG carriers

The harsh environment of the Arctic presents LNG project developers with many challenges, but perhaps none more so than transportation. LNG carriers have to operate in extremely low temperatures in ice prone waters. The developers also want to take advantage of
the relatively short distance to Asia from northern Europe provided by transits across the Arctic Ocean via the Northern Sea Route. A new breed of ice-class LNG carriers may be about make that voyage possible without the assistance of ice breakers.

Technology: Dual fuel options for rail

Eff orts to make dual fuel LNG and diesel locomotives commercially viable are starting to pay dividends, with costs set to fall as the technology matures.

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