{"id":2022177,"date":"2023-09-05T13:21:06","date_gmt":"2023-09-05T17:21:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fragile-lng-market-threatens-volatility-and-return-to-coal-gas-majors-warn\/"},"modified":"2023-09-05T13:25:02","modified_gmt":"2023-09-05T17:25:02","slug":"fragile-lng-market-threatens-volatility-and-return-to-coal-gas-majors-warn","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fragile-lng-market-threatens-volatility-and-return-to-coal-gas-majors-warn\/","title":{"rendered":"Gas majors warn that the fragile LNG market could lead to increased volatility and a resurgence in coal usage."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">38<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffragile-lng-market-threatens-volatility-and-return-to-coal-gas-majors-warn%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2022177&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The Global Market for Liquefied Natural\u200c Gas Faces\u200c Challenges \u2064and Uncertainty<\/h2>\n<p>Industry executives at the Gastech\u2064 conference in Singapore have\u200b issued a warning about the global market for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">liquefied natural gas<\/a> (LNG). They highlighted the \u200bvulnerability of the market to major price swings and supply shortages that could last for years. These challenges could potentially lead to a return\u2062 to coal generation in the near term.<\/p>\n<h3>Limited Availability \u2064and Rising Prices<\/h3>\n<p>According to officials, the\u2062 availability of LNG on the spot market is expected to be limited until at least 2025. This is due \u200cto increased demand from the European Union (EU), \u2063which has put pressure\u200d on prices for Asian \u2062buyers. The\u200b EU has\u2062 taken <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-says-saudi-announcement-to-come-monday-official-says-no-new-steps-expected\/\" title=\"Biden Says Saudi Announcement to Come Monday; Official Says No New Steps Expected\">significant steps<\/a> to \u2063reduce \u200bits reliance on Russian fossil fuels, including banning \u2063Russian oil and natural gas imports starting \u2064in\u200c 2027.<\/p>\n<p>EU leaders have also implemented measures\u200d such as\u200b a mandatory 15% gas consumption reduction agreement \u200bfor member \u2064countries\u2063 and \u2063a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fragile-lng-market-threatens-volatility-and-return-to-coal-gas-majors-warn\/\" title=\"Gas majors warn that the fragile LNG market could lead to increased volatility and a resurgence in coal usage.\">law requiring gas storage tanks<\/a> to be filled to at least 90% capacity before \u200dthe winter heating\u2062 season. These\u200b actions aim to avoid a supply crisis, but industry experts emphasize the\u2064 sensitivity and \u2064volatility of LNG prices.<\/p>\n<h3>Potential Impact of \u2063Weather and\u200b Demand<\/h3>\n<p>The situation in Europe could \u2064worsen rapidly if the continent experiences a \u200bharsh \u200cwinter. The mild winter of the 2022-2023 season is not guaranteed\u200d to repeat,\u200c and a significant\u200c price swing could occur \u2063due to\u2062 temperature \u2063fluctuations. However, industry leaders believe \u200bthat they \u2064will be able to cope\u200c with such challenges.<\/p>\n<p>Furthermore, any increase in demand\u200b from China could\u200d disrupt the market\u2064 and pose a risk of supply shortages. While the expectation is that China will eventually increase its LNG consumption, the timing and scale of this shift remain \u2062uncertain.<\/p>\n<h3>Possible Shift to Coal\u200c and Optimism\u200d for the Future<\/h3>\n<p>The pressure of rising\u2063 prices may \u200dlead some Asian buyers to consider alternative fuels, \u200dsuch as coal, instead of LNG. However, officials\u200b express optimism about \u2063the longer-term outlook for LNG supply.\u200b The United\u200d States and \u200bQatar \u2062are expected to \u2062bring new \u2063capacity online, which will boost supply and alleviate price pressure.<\/p>\n<p>Nevertheless,\u200c in the interim, the supply situation remains fragile.\u200c There is \u200bstill not enough LNG to meet demand, and \u200cany negative events, such \u2063as extreme weather or supply disruptions, could\u200c lead to increased volatility in\u2062 the market.<\/p>\n<p>Overall, the global market for liquefied natural gas faces challenges and uncertainty, but industry\u2064 leaders are working to navigate these\u2063 issues and ensure\u200c a stable supply for the future.<\/p>\n<p><strong>Click here to\u200d read\u200c more from The Washington Examiner.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>to be unpredictable due to geopolitical tensions and infrastructure constraints. They emphasized the need for long-term contracts and investments in infrastructure to ensure a stable supply of LNG and avoid a potential shift back to coal as an energy source.<\/p>\n","protected":false},"author":1,"featured_media":2022178,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2022177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2022177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2022177"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2022177\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2022178"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2022177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2022177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2022177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}