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Msg  5907 of 13357  at  9/15/2010 8:05:28 AM  by

us2u001


 In response to msg 5906 by  jft310
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Re: IOC has FLNG, per Bloomberg and Upstream energy

 
 
   No surprise that they are going with FLNG,  really the only option now a days as I have said. You shouldn't count your chickens before they hatch though JFT,  these deals now a days have a tendency to not have the upside that they had in previous years.  Investment dollars to the tune of $5+ bill comes with strings, it's not all blue sky out there in the LNG market as previous deals have reflected.  Here a positive view longer term...
 
 

Total Says Gas Market to `Tighten Progressively' This Decade, Opening Gaps

 

Total SA said that the global gas market will “tighten progressively” this decade as demand rises and conventional gas production declines.

Gas demand in Asia and Europe may increase 5.7 percent and 1.7 percent respectively a year this decade, while North American demand is likely to rise 1.3 percent a year, Total said in a presentation on its website today.

Europe and Asia will be increasingly be dependent on LNG imports amid declining production of conventional gas in Europe’s North Sea and limited production of unconventional gas in Asia, Total said.

There is a need for new LNG projects to meet future demand growth, with committed projects accounting for only 25 percent of the 25 billion cubic feet a day needed by 2020, Total said.

Japan and South Korea are the top two LNG importers and are dependent on gas imports to meet demand.



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Msg # Subject Author Recs Date Posted
5908 Re: IOC has FLNG, per Bloomberg and Upstream energy jft310 3 9/15/2010 8:27:59 AM


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