Wood Mackenzie

Global LNG Buyers Said Looking to ‘Bridge’ Current Supply Crunch with Short-Term Contracts

Global LNG Buyers Said Looking to ‘Bridge’ Current Supply Crunch with Short-Term Contracts

Global liquefied natural gas (LNG) buyers, hammered by high spot prices in Asia, are increasingly looking to short-term “bridge” contracts to ensure ample supply until demand is expected to cool down later this decade, according to an analysis by Wood Mackenzie. Asian spot prices are hovering around $12/MMBtu for June and July delivery as demand…

June 15, 2021
June Natural Gas Futures Inch Higher Amid LNG Strength, Potential for Storage Depletion

June Natural Gas Futures Inch Higher Amid LNG Strength, Potential for Storage Depletion

Natural gas futures advanced for a second consecutive session on Monday, as traders mulled weather-driven demand potential, continued strong liquefied natural gas (LNG) volumes and the potential for light storage levels moving through the summer months.   The June Nymex contract advanced 3.5 cents day/day and settled at $2.966/MMBtu. July rose 3.6 cents to $3.014. Spot…

May 3, 2021
Global LNG Prospects Seen Dwindling as Renewables, Efficiencies Expand

Global LNG Prospects Seen Dwindling as Renewables, Efficiencies Expand

More than 75% of new liquefied natural gas (LNG) global supply could be at risk because of quickly expanding renewable energy resources, according to an analysis by Wood Mackenzie. In a forecast issued on Wednesday, the consultancy said its scenario for worldwide gas demand is going to come under pressure as power sector investments increase…

December 9, 2020
Energy Transition Could Put Major Dent in Upstream Natural Gas Investment, Wood Mackenzie Says

Energy Transition Could Put Major Dent in Upstream Natural Gas Investment, Wood Mackenzie Says

Limiting human-induced global warming to under 2 degrees Celsius would put an estimated 65% dent in upstream natural gas investment through 2040, according to new analysis by Wood Mackenzie. Although natural gas is the cleanest-burning fossil fuel, there is more to the story of the molecule’s total climate-warming impact, researchers said Wednesday. Liquefied natural gas…

November 12, 2020

Permian Water Shortages Cited as Material Risk to E&P Profits, Output

Permian Basin operators have been raising more rigs and ramping up completions of late, but persistent water issues could be a material risk to future profitability and production, according to Wood Mackenzie.

June 11, 2018

Upstream Ready to Thrive, Not Merely Survive in New Year, Says Wood Mackenzie

Oil and natural gas operators are entering 2018 in the best shape since oil prices collapsed in late 2014, Wood Mackenzie researchers said Thursday.

December 14, 2017
Global Reserves Shortfall Forecast If Producers Eschew Exploration Investments

Global Reserves Shortfall Forecast If Producers Eschew Exploration Investments

The global oil market faces a supply shortfall of 4.5 million b/d by 2035 if exploration success — and investments — aren’t stepped up, Wood Mackenzie researchers are forecasting.

April 27, 2016
Global Reserves Shortfall Forecast If Producers Eschew Exploration Investments

Global Reserves Shortfall Forecast If Producers Eschew Exploration Investments

The global oil market faces a supply shortfall of 4.5 million b/d by 2035 if exploration success — and investments — aren’t stepped up, Wood Mackenzie researchers are forecasting.

April 27, 2016