Global natural gas market accelerates the new development of LNG
At present, the global natural gas resources are about 28,000 trillion cubic feet; According to the current consumption level, it can be continuously supplied to the world for more than 200 years. With the continuous progress of technology, unconventional natural gas resources have been further developed. At present, unconventional natural gas resources account for 40% of the total natural gas resources in the world, and it accounts for two thirds of the total natural gas resources in North America. With the development of economy, science and technology, and the requirements of the environment, the output and consumption of natural gas increase rapidly, and natural gas will have great development potential in China. "Accelerating the development and utilization of natural gas is the inevitable trend of China's energy development." Gu Anzhong, secretary general of LNG Branch of China Industrial Gas Industry Association, said at the "2014 International LNG Technology Conference" a few days ago that the global natural gas market is taking shape. More and more countries and regions have joined LNG trade, and the concept of natural gas market has moved from regional to international.
"Danger" and "Opportunity" of LNG in China
In recent years, there are more and more LNG importing countries, LNG application is more and more extensive, LNG market supply continues to increase, LNG market capital increases dramatically, and there are more and more spot transactions. Among them, LNG prices in North America are completely marketized, Angola LNG is directly sold to the spot market, and Japan and Singapore plan to launch LNG futures. There are three pricing mechanisms for LNG, and the price in North America is formed by market competition; Europe mainly adopts net return value pricing, which is linked to oil prices, while considering the price and demand of alternative energy. The import price of LNG in the Asia-Pacific region is linked to Japan's comprehensive crude oil price (JCC). The situation of supply and demand and pricing mechanism work together to form Asian premium.
