Tag Archives: exports

Solomon Forecasts North American LNG Exports to 2022

March 2016, Vol. 243, No. 3

Solomon Natural Gas Services has released its “North American LNG Exports to 2022 report. The report examines the rapidly expanding global liquefied natural gas (LNG) market and forecasts exports to 2022 with a focus on the main gas demand regions within Asia and the competition for growing LNG supply additions. The report also details the status of more than 50 liquefaction proposals in both the United States and Canada, including full-cycle costs to market and existing commercial offtake agreements. “Potential supply additions are 85% greater than the projected demand by 2022, and for every one […]

Half of U.S. LNG May Be Headed to Europe

March 2016, Vol. 243, No. 3

Europe is set to be the key destination for LNG gas supplies from the U.S. as prices have fallen in Asia, the world’s biggest consumer of the fuel, according to global energy consultancy Wood Mackenzie. The U.S. is forecast to ship about 55% of its total LNG production, or 32 mmta, to Europe by 2020, according to Alex Munton, Houston-based principal analyst for Americas LNG at Wood Mackenzie. That’s because Europe is so close, has ample import capacity and liquid markets, and now has prices nearer to those in Asia. The U.S. will ship its […]

Iraq is Second-Leading Contributor to Global Liquids Supply Growth in 2015

February 2016, Vol. 243, No. 2

Iraq was the second-leading contributor to the growth in global oil supply in 2015, behind only the United States. Crude oil production in Iraq, including fields in the Kurdistan Region of northern Iraq, averaged 4.0 million barrels per day (b/d) in 2015, almost 700,000 b/d above the 2014 level. Iraq is the second-largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC) and accounted for about 75% of total OPEC production growth in 2015. Iraq’s oil consumption decreased slightly in 2015, and as a result, all of the crude oil production increase was […]