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Posts on ‘February 26th, 2018’

LNG market needs $200 billion investment to meet demand: Shell

Ron Bousso: 26 FEB 2018

LONDON (Reuters) – More than $200 billion of investment in liquefied natural gas is needed to meet a boom in demand by 2030, Royal Dutch Shell, the world’s top LNG trader, said on Monday.

The LNG market is set to continue its rapid expansion into 2020 as facilities approved for construction in the first half of the decade come on line, in a development expected easily to meet sharp growth in consumption of the super-chilled fuel.

But a decline in spending in the sector since 2014 as a result of weaker energy prices will create a supply gap from the mid-2020s unless new investments emerge, Shell said in its 2018 LNG Outlook. read more

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Shell warns of liquefied natural gas shortage as LNG demand blows past expectations

  • Royal Dutch Shell reports that the market in liquefied natural gas, or LNG, reached 293 million tons in 2017, 30 percent higher than expected.
  • Despite the growth, Shell warns that the market could face a shortage of LNG by the mid-2020s due to underinvestment in new projects.
  • The root of the problem is a mismatch between the types of contracts buyers and sellers prefer, which may delay investments in new LNG capacity, Shell says.
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Royal Dutch Shell says the world could be grappling with a shortage of liquefied natural gas within a decade due to underinvestment in new projects.

The Anglo-Dutch energy giant issued the warning in its second annual LNG outlook, which reports on developments in the booming market for natural gas cooled to liquid form for export. Shell says the market for LNG grew by 29 million tons last year, 30 percent more than previously expected.

Trading in LNG reached 293 million tons in 2017, up from just 100 million tons at the turn of the century. At nearly 300 million tons, suppliers shipped enough LNG last year to power about 575 million homes, by Shell’s count. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Big Oil Buyers Ditch Paper for Blockchain to Track Tanker Sales

A consortium — including oil producers BP Plc, Royal Dutch Shell Plc and Statoil ASA — has been developing a blockchain-based platform for physical oil trades.

Every day, dozens of oil tankers — some as long as five football fields — set sail for ports around the world carrying millions of barrels of crude and a piece of paper that generations of sea captains have held as dear as their cargo.

The bill of lading is the document that verifies ownership of a commodity that can be worth more than $122 million per ship. Without it, buyers and sellers who trade $2.7 billion of crude daily are unable to do business in an ocean-going tanker market that supplies almost half of the oil consumed globally. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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