Dalian Precious Metals Investment Center has high rebate conditions and is looking for long-term partners nationwide. Contact Manager Zhang welcomes friends who intend to invest to consult, open accounts, and act as agents! Spot investment personal agency agency agency franchise service precious metal consultation free account opening According to the increase in global natural gas supply, Asian countries, such as Japan, have increased imports, and their purchases have exceeded consumption. This has tempted large global traders, such as Vitol, Trafigura, Koch Industries, Gunvor and Noble, to enter the LNG market in recent years in order to get a piece of the pie.
In 2018, the annual production capacity of the liquefaction unit increased to 100 million cubic meters, and is expected to increase to 100 million cubic meters by 2018. Goldman Sachs said that last year, LNG transactions reached 100 million US dollars, surpassing iron ore to become the second most traded commodity in the world, and demand will continue to rise this year. The increase in U.S. natural gas exports will also change the current fuel pattern of European power stations dominated by coal, and will become more affordable in emerging markets.
Although the current natural gas supply in the United States is relatively not particularly large, due to its flexible contracts, it has also had a significant impact on the market. Manufacturers from Australia and other countries usually have long-term agreements with specific countries, such as China and Japan. Although Asian buyers contract for more than half of U.S. natural gas, they are free to ship the energy around the world, which stimulates spot trading.
Such a change will put added pressure on global natural gas prices that are already at a low level. The average price of LNG in Northeast Asia this year is USD/MMBtu, a premium of USD .00 to the U.S. benchmark compared with two years ago when the premium was as high as USD.
The expansion of the Panama Canal will also have an impact on the natural gas market. Due to the shortened shipping time and lower shipping costs after the expansion, U.S. natural gas will be more easily exported to markets in Asia and other places. It is expected that one tanker will transport liquefied natural gas from the U.S. Gulf of Mexico to Asia through the Panama Canal every year. Just this week, the first natural gas tanker to pass through the expanded Panama Canal set sail from Louisiana to China. This is the first time the United States has exported natural gas to the East Asian market.
In addition, according to reports, emerging markets such as Egypt, Jordan, Pakistan and Poland also became importers of LNG for the first time last year. Analysts pointed out that as the cost of natural gas equipment continues to decline, traditional coal consuming countries, such as Bangladesh and Pakistan, will use more natural gas. At the same time, it is believed that more and more countries with energy shortages and low credit ratings will turn to liquefaction in the future. natural gas.
Dalian Precious Metal Investment Center has high rebate conditions and is looking for long-term partners nationwide. Contact Manager Zhang welcomes friends who are interested in investing for consultation, account opening, and agency
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