Russia has historically been a major player in the global oil market, not only as a leading crude oil exporter but also as a significant supplier of refined oil products. For years, it has been a key source of diesel, fuel oil, and other refined oil products for Europe, Asia-Pacific (APAC) including China, and CIS […]
LNG shipping rates: What fuels the spike?
The U.S. is rapidly emerging as a major exporter of LNG, and especially of cargoes sold on a spot basis to various countries around the world. In light of this, LNG shipping rates are important to the sector’s competitiveness. Daily LNG charter rates are increasing surprisingly and quickly after being stable and low for two […]
Delivered LNG costs from North America
The United States has started exporting LNG, thanks to the cheap and abundant supply of natural gas from shale plays. The first round of LNG exports began from the U.S. Gulf Coast and was quickly followed by a second project on the U.S. East Coast. However, since natural gas supply is now available across the […]
LNG Shipping: Responding to the New Boom in LNG Supply
The global fleet of LNG carriers surpassed 400 ships in 2014. This number is anticipated to increase to over 500 in the next five years. The increase in LNG carriers is a direct reaction to the flurry of new LNG exporting projects in Australia and North America. Most of these ships are being built in […]
How Are Low Oil Prices Impacting the LNG Industry?
In the past several months, oil prices have fallen considerably. Brent crude oil is down 32% from $113 to $76 and WTI is down 29% from $107 to $75. While down, natural gas has not seen as large a fall. Henry Hub Natural Gas is down 9% from $4.70 to $4.20. The recent decline in […]
The global fight for resources
Nothing is more telling of the global fight for resources than a few trips to Asia and long conversations with clients as I have learned this past year. To build the roads, bridges, cars, planes, and power plants their people need, policy makers, CEOs, and consumers in India, China, Thailand, and Malaysia in Asia are […]
