Com­ing wave of gas puts fo­cus on find­ing new shores

Pakistan Observer - - ECONOMY WATCH -

Cur­rency Selling Buy­ing LON­DON—En­ergy giants such as Royal Dutch Shell and To­tal are look­ing to build ter­mi­nals and power plants in new mar­kets to soak up the in­dus­try’s rapidly bur­geon­ing sup­ply.

Com­pa­nies have in­vested bil­lions in plants to pro­duce liq­ue­fied nat­u­ral gas (LNG) in places such as Aus­tralia and the United States.

But gas de­mand growth is slow­ing, prices are down and the LNG vol­umes com­pa­nies are set to pro­duce will ex­ceed those even ma­jor buy­ers such as China and Ja­pan can ab­sorb.

That has turned at­ten­tion to the down­stream mar­ket and op­por­tu­ni­ties to cre­ate new mar­kets from Ivory Coast to re­mote In­done­sian is­lands by build­ing gas-fired power plants, pipe­lines, re­gasi­fi­ca­tion and stor­age ter­mi­nals. “We are ready to go down­stream as much as it takes to un­lock gas de­mand,” said Lau­rent Vivier, pres­i­dent for the gas di­vi­sion at To­tal.

“We need to be present in down­stream our­selves, to cre­ate de­mand and un­lock bot­tle­necks along the chain in­clud­ing re­gasi­fi­ca­tion, pipe­lines and power plants.”—Reuters

PAK­PAT­TAN: Pro­vin­cial Min­is­ter for Agri­cul­ture Dr Far­rukh Javed in­spect­ing Ra­mazan Sasta Bazaar.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.