The Annual Offshore Oil & Gas Event
logo

The 25thBeijing International Offshore Oil & Gas Exhibition

ufi

BEIJING,CHINA

March 26-28,2025

LOCATION :Home> News > Industry News

Shell says while gas is the future, it won’t be traded like oil

Pubdate:2016-08-31 10:52 Source:zhangmeng Click:
STAVANGER, Norway (Bloomberg) -- Natural gas is rapidly becoming one of the most traded global commodities, but that doesn’t mean it will have a global price, according to Royal Dutch Shell.
 
While the fuel can be transported anywhere on LNG carriers, it will probably remain regionally priced for the time being, with some contracts continuing to track oil, said Roger Bounds, senior V.P. for global gas at Shell. Prices will depend on location, regulation and infrastructure, as some countries replace coal in electricity generation to cut carbon emissions.
 
“I shouldn’t say it’s not possible, but what would it take for such a price to be possible?” Bounds said in an interview in Stavanger, Norway. “We have some way to go.”
 
For a global gas price to emerge, pipelines would need to shed some interstate regulations like in the U.S., trade data would need to be more transparent and widely available and buyers and sellers would need more confidence their contracts will be respected, he said. Europe is partly on that path with some hub pricing, he said.
 
“We’re somewhere back from that in a number of other markets,” Bounds said. “We’re not that close to that in India, we’re not close to that in China.”
 
Interchangeable Sources
 
Until then, there will be many two-party gas trades. Additionally, conventional contracts that link the price of gas to the price of oil will remain, partly because the two will become increasingly interchangeable as energy sources.
 
Those changes to the global gas market structure will come amid a renaissance for the fuel, Shell says. It will probably be used more because when transitioning to a lower-carbon economy, gas complements renewable energy sources, which aren’t yet able to consistently provide uninterrupted electricity to customers during peak periods.
 
Additionally, some European countries may introduce a floor on the price of carbon that could hasten a switch to gas-fired power.
 
“There’s been a period of weakness in carbon prices in Europe but in the near future we’re likely to see that starting to bite,” Bounds said. When that happens, “we think more gas will get drawn into the system,” he said.
 
LNG Consumption
 
European Union carbon has dropped 85% from its peak in 2006 as lawmakers struggle to deal with a glut. The price hasn’t been high enough to rid Europe of coal use.
 
Bounds expects global LNG consumption to climb by 5% to 7% a year. A trend of declining usage in Europe may also reverse due to the higher demand, with supply coming from U.S. export terminals and fields in Russia and North Africa. Shell CEO Ben Van Beurden said on Monday that he expects gas demand to grow at twice the pace of oil.
 
At the moment, there is a global glut of natural gas as producers scramble to gain a foothold in the expanding market. That will probably balance out in the early 2020s, said Bounds.
主站蜘蛛池模板: 精品视频九九九| 久热中文字幕在线精品免费| 亚洲熟女综合一区二区三区| 一区二区三区视频| 成+人+黄+色+免费观看| 校花公交车上被迫打开双腿| 国产精品久久久久一区二区| 先锋影音av资源网| yellow2019电影在线高清观看 | 真实的国产乱xxxx在线播放| 日本欧美视频在线| 国产亚洲精彩视频| 久久久91精品国产一区二区三区| 被三个男人绑着躁我好爽视频| 日本一区二区三区四区| 国产ts人妖系列视频网站| 久久91精品综合国产首页| 老子影院午夜伦不卡亚洲| 成人无遮挡毛片免费看| 公和我乱做好爽添厨房中文字幕| 久久久久久人妻无码| 自拍偷拍国语对白| 尤物视频在线播放| 人妻少妇看A偷人无码精品视频| 99爱在线精品免费观看| 欧美日韩一区二区三区四区在线观看| 国产精品国产国产aⅴ| 九九综合九九综合| 1000部国产成人免费视频| 最新亚洲人成无码网www电影| 国产卡1卡2卡三卡网站免费| 中文字幕一区二区三区乱码| 精品乱码一区内射人妻无码| 成年人性生活免费视频| 免费传媒网站免费| 91人成在线观看网站| 极品少妇伦理一区二区| 国产三级电影在线观看| xvdeviosbbc黑人| 欧美日韩一区二区三区免费不卡 | 丰满亚洲大尺度无码无码专线|