LNG Exports from North America and Development of Gas Shales beyond North America will Lead to Gas Price Convergence

Date: January 1, 2012
Pages: 5
Price:
US$ 500.00
License [?]:
Publisher: GlobalData
Report type: Brief Review
Delivery: E-mail Delivery (PDF)
ID: LB9A2F351CFEN
Leaflet:

Download PDF Leaflet

LNG Exports from North America and Development of Gas Shales beyond North America will Lead to Gas Price Convergence
LNG Exports from North America and Development of Gas Shales beyond North America will Lead to Gas Price Convergence

Summary

Successful commercial development of shale gas has led the US to be on the verge of becoming a Liquefied Natural Gas (LNG) exporter. The rapid increase in domestic natural gas production in the US has not only reduced its dependence on LNG imports but also has led to a reduction in natural gas prices in the US. The prices at Henry Hub index have been significantly lower than the gas prices in the UK (traded at National Balancing Point - NBP) and in Japan (indexed to Japan Crude Cocktail - JCC). In light of the recently signed LNG export contracts by Sabine Pass Liquefaction, LLC (Sabine Liquefaction), developer of Sabine Pass Liquefaction terminal in the US, LNG exports from the US to countries in Asia and Europe will begin in 2015. The prices for these exports will be indexed to Henry Hub prices, which are lower than the prices in the markets that will receive these supplies. It is expected that shale gas developments in Europe and Asia will also start contributing to natural gas production by this time, making more natural gas available in the market. Consequently, it is expected that the natural gas prices in the US, Europe and Asia will start converging around this time, driven by the excess natural gas available in the market.

Scope
  • The report highlights the possible impact of expected LNG exports from North America and development of gas shales beyond North America.
  • The report provides key highlights of natural gas supply from gas shales development outside North America.
  • The report contains a discussion on the expected price convergence of gas in the long-run in different regions across the globe.
Reasons to buy
  • To be aware of the possible impact of increasing gas supplies from the US leading way for gas price convergence in the long run.
  • To keep abreast of gas shale developments across the globe could support global gas price convergence.
1 TABLE OF CONTENTS

1.1 List of Tables
1.2 List of Figures

2 SUMMARY

3 LNG EXPORTS FROM NORTH AMERICA AND DEVELOPMENT OF GAS SHALES BEYOND NORTH AMERICA WILL LEAD TO GAS PRICE CONVERGENCE

3.1 North America is Set to Become an LNG Exporter Owing to Shale Gas Boom
3.2 Successful Shale Gas Development Elsewhere will Further Increase Natural Gas Supply in the Market
3.3 The Resultant will be the Convergence of Natural Gas Prices in the US, Europe and Asia Pacific in the Long Run

4 APPENDIX

4.1 Methodology
4.2 Contact Us
4.3 Disclaimer

LIST OF TABLES

Table 1: Global, Major Shale Exploration Blocks, 2011

LIST OF FIGURES

Figure 1: Gas Shale Resources, Distribution of Risked In-Place Gas, by Region (Tcf), February 2011
Figure 2: Asia, Europe and US, Average Estimated Natural Gas Prices, 2011

Ask Your Question

LNG Exports from North America and Development of Gas Shales beyond North America will Lead to Gas Price Convergence
Company name*:
Contact person*:
Phone/fax*:
Email*:
Request invoice
Your enquiry: