This article featuring expert commentary by Ruben Cruz, Head of Energy & Natural Resources, KPMG in Mexico appears here with publisher's permission.
Australia's $170 billion plan to tap into the much-vaunted "golden age of gas" has turned into something even more costly and a lot less rewarding than anyone had in mind.
The landmark COP21 climate accord struck in Paris late last year has brightened the mood of the gas industry on the outlook for demand compared to just a year ago, according to Origin Energy chief executive Grant King
Buyers are rapidly gaining the upper hand in Asia's oversupplied liquefied natural gas market, dragging down prices and forcing producers to rethink expectations for long-term sales contracts that have underpinned Australia's LNG construction boom.
The North American supply advantage has been enabled largely by advancing technologies for shale gas recovery creating surplus supply relative to domestic demand.
If the front-runners in FLNG can meet a number of key technical, commercial and financial challenges, we predict it will emerge as a key pillar of a 2020’s LNG business that looks quite different from that of today.
After much anticipation Canada could see final approval of the first natural gas export projects on the West Coast this year.
On the verge of an LNG export era brimming with promise, North America enjoys an abundance of ambition, resources and capital to make it happen. The only thing in short supply might be customers.
Royal Dutch Shell Plc, set to dominate the seaborne natural gas trade with the BG Group Plc takeover, will probably stay focused on building a Canadian shipping terminal, said TransCanada Corp. Chief Executive Officer Russ Girling.
Auditing giant KPMG has warned the Federal Government of the dangers of not investing in the upstream oil sector and the threat of shale oil to the country’s revenue drive.
The Partner and Global Chairman, Energy and Natural Resources Sector, KPMG, Mr. Michiel Soeting, has said that the discovery of shale gas in the United States, which is a major importer of Nigeria’s crude oil, would pose a threat to Nigeria and at the same time provides an opportunity for the country to diversify its economy.
With all eyes on Africa as the final frontier for the world’s natural resources and the discovery of massive gas deposits in southern and eastern Africa, governments in these markets have come to realise the potential for these reserves to stimulate their economies as well as to be used as an energy alternative.
Cheap, Clean And Controversial - Shale gas has the potential to turn the world's energy industry on its head.