LNG power play
Weak prices are an opportunity for LNG-to-power developers. But projects need the right partners and location to succeed
It's no secret that a global liquefied natural gas glut has pressured prices from Europe to Southeast Asia. LNG imports into Japan now cost buyers just $8 per million British thermal units—less than half the price two and a half years ago. Europeans are importing LNG for even less, for around $5-6/m Btu. Faced with saturated gas markets and persistently low prices, both power buyers and gas producers spy an opportunity to develop LNG-to-power projects. These projects typically consist of an LNG import terminal to receive, store and regasify the LNG, and a connected gas-fired power plant to burn the fuel to produce electricity. Several LNG-to-power projects are under development or recently c
Also in this section
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind
29 April 2024
Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust