FID delays boost Mena LNG export chances
Projects pushed back or cancelled elsewhere could offer opportunities for the region’s gas producers
Holders of Mena gas reserves have had a relatively good year, despite the coronavirus pandemic cratering global demand and prices for a large portion of its course. So says Noel Tomnay, head of Emearc gas and LNG consulting at researcher Wood Mackenzie. “European and Asia prices are back to c.$5.50/mn Btu, [and] there are expectations of very limited curtailments of US LNG this winter. In many ways, the LNG market is back to where it was pre-Covid,” he told Petroleum Economist’s LNG to Power Emea virtual forum in early November. And, in the longer term, delays and cancellations to planned LNG liquefaction projects elsewhere will play to the advantage of any regional ambitions to increase exp
Also in this section
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV