• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 4 hours Russian Effect: U.S. May Soon Pause Preparations For Delivering F-35s To Turkey
  • 3 hours China's Expansion: Italy Leads Europe Into China’s Embrace
  • 3 hours Poll: Will Renewables Save the World?
  • 3 hours New Rebate For EVs in Canada
  • 2 hours One Last Warning For The U.S. Shale Patch
  • 4 hours Chile Tests Floating Solar Farm
  • 2 hours Trump Tariffs On China Working
  • 1 hour 3 Pipes: EPIC 900K, CACTUS II 670K, GREY OAKS 800K
  • 5 hours Biomass, Ethanol No Longer Green
  • 6 hours The Political Debacle: Brexit delayed
  • 22 hours Trump sells out his base to please Wallstreet and Oil industry
  • 21 hours No Mercy: EU Fines Google $1.7 billion For Abusing Online Ads Market
  • 12 hours Boeing Faces Safety Questions After Second 737 Crash In Five Months
  • 18 hours Oil-sands recovery by solvents has started on a trial basis; first loads now shipped.

Breaking News:

BP Faces Platform Workers’ Strike

Alt Text

Is This The End Of Alaska’s LNG Ambitions?

Alaska has been pushing forward…

Alt Text

Pakistan Aims To Become A Natural Gas Hotspot

Positioned perfectly in the Asian…

Alt Text

Israel And Egypt Compete To Become New Energy Hub

With the recent giant discoveries…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

Natural Gas Opportunities Beckon in Asia

Natural gas is a broken global market.

For oil, there's enough import-export capacity worldwide that global prices tend to align closely. In natgas, global markets are fragmented. Leading to disparate pricing in different regions. Just look at the comparison below, from PFC Energy.

Oil and Gas markets

One of the implications being: if you're going to produce natural gas (or ship it as LNG), find the regions with the top prices.

Increasingly, it's looking like this will be Asia. And specifically, southeast Asia.

By way of example, Vietnamese Deputy Minister of Industry and Trade Hoang Quoc Vuong said last Thursday that Vietnam will likely need to import over 800 billion cubic feet of gas annually by 2025 in order to meet demand.

The announcement came as part of the release of a World Bank report on Vietnamese gas sector development. In the work, the Bank estimates that Vietnam's gas use will triple over the next 15 years.

The report also recommends that Vietnam move toward liberalized, competitive gas pricing in order to spur development of domestic gas resources. Exactly the kind of environment that will create opportunities for gas producers.

At the same time as gas demand is ramping up in nations like Vietnam and Thailand, the Asian super-powers are also hungry for supply. PetroChina said today that northern China (including Beijing) could face gas shortages of up to 300 million cubic feet per day this winter.

This is not a huge amount, relatively speaking. But it does underscore the point that Asian gas use is only growing, and supply (as well as transportation infrastructure) has lagged.

All the signs of a good gas market. I'm going back at the beginning of December to continue looking for projects that could capitalize.

By. Dave Forest of Notela Resources




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News