Resilience is needed in the oil and gas sector’s current ‘lower for longer’ marketplace as short-term volatility in prices and ‘out of left field’ impacts reshape the world energy market.
The International Energy Agency has given a sobering near-term outlook for the nation's gas exporters, slashing global gas demand expectations over the next five years, just as $200 billion of Australian boomtime LNG projects come on line and help flood the market. … At the APPEA conference in Brisbane this week, both Woodside chief Peter Coleman and KPMG's head of Asian energy, Mina Sekiguchi, warned that LNG producers could not take forecasts of that LNG demand would double between now and 2035 for granted.
If the era of the mega-LNG project is over, no one has told the Canadians. With the mantra of the LNG industry now one of smaller-scale, flexible, phased projects, the huge integrated ventures on Canada's Pacific coast that will each take tens of billions of dollars to build may look out of touch. … Word of the exceptional results from the first two wells drilled by Woodside and its Kitimat partner Chevron in the Liard has been filtering through in recent months and were confirmed by Flynn, who also pointed to the potential to halve well costs.… KPMG's global head of LNG, Mary Hemmingsen, says that while buyers will behave opportunistically and grab cheaper, short-term LNG when they can, they still appreciate exactly what western Canada offers.
Article featuring expert commentary by Mary Hemmingsen, KPMG Global Head of LNG.
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.
Article by Mary Hemmingsen, Partner, National Sector Leader, LNG, Power and Utilities at KPMG Global Energy Institute.
Supply uncertainties could hamper the considerable potential for even more Aussie LNG to pour into Asia over time after the current raft of projects go online amid new pricing models evolving, according to KPMG.
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.
The relatively muted oil market reaction from Islamic State’s attacks on Paris and Beirut says something about the West’s desensitisation to Middle East-derived conflict, but could also speak to the impact of the “golden age of gas” in today’s global energy mix, KPMG Australia’s oil and gas lead Jonathan Smith has told Energy News.
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.
Despite concerns about safety, nuclear remains an option for Thailand but the earliest a nuclear power plant would open would be in 2036, energy policy planners have confirmed.
Nuclear power advocates redouble their efforts to ensure that safer, better regulated plants can still play a role in the future energy mix.
The key to surviving and thriving amid the carnage in global oil markets is having a place to store the stuff.
This coverage focuses on floating storage solutions and features commentary from KPMG's experts in oil and gas division.
As head of KPMG in Japan’s Energy & Infrastructure sector and the Head of KPMG in Asia Pacific’s Energy & Natural Resources sector, Mina Sekiguchi focuses on advising power & utilities, oil & gas majors, Japanese trading companies and large power machinery manufacturers.
This contribution was first published in the December 2014 issue of Southeast Asia Infrastructure magazine and appears here with the publisher's permission.
Quest for sustainable growth provides ample opportunities for the chemical industry.
While China rightfully remains an area of focus for global chemical producers, companies should be prepared for the “Asia 1.2 wave of growth”.