Page 39: of Offshore Engineer Magazine (Jan/Feb 2013)

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Global Forecasts 2013 Among the various players, unclear whether other nearby gas push LNG prices down very much.

Anadarko and Eni lead consortia discoveries will become part of Gas is still relatively cheap.’ that are farthest along. The PNG-LNG. On the demand side, China will two companies will coordinate The US is in a frenzy to resolve its increase its LNG imports through development of their offshore gas gas glut and turn import facilities six terminal projects now under felds and an LNG plant in northern into export facilities (some LNG construction. Zhuhai and Tangshan

Mozambique. The plant will is already being re-exported from are now in their frst phase. ultimately supply about 50 million the Gulf Coast). The frst LNG Douglas-Westwood says these tonnes/year, which would be the export terminal is scheduled for projects will provide an additional largest LNG production outside completion in 2016. 18 million tonnes/year import

Qatar. In a discussion with George Littell capacity.

Anadarko plans to establish about LNG prices, a partner in the Japan’s unending nuclear crisis frm reserves fgures in 2013 and forecasting frm Groppe, Long & helped sop up some of the excess hopes to make a fnal investment Littell, OE asked: ‘Doesn’t there LNG being offered on world decision and award engineering, seem to be a lot of LNG projects markets, frming prices. The procurement and construction coming online in the next fve country has increased LNG imports (EPC) contracts near year-end. First years? Will there be enough demand 27% year-on-year but the new

LNG is slated for 2018. Statoil, to keep up prices?’ administration that takes offce

ExxonMobil, BG and others will Littell thinks that won’t be a this month is widely viewed as continue exploring and amassing problem. ‘Globally, nearly a third being pro-nuclear energy, meaning reserves off Tanzania. of all oil is still used for stationary that Japan’s 50-plus offine nuclear ExxonMobil is busy building thermal applications, primarily reactors could be brought back its PNG-LNG export terminal in power generation, but also other online, depending on political

Papua New Guinea. The $4.5 billion thermal stuff. There remains a developments. Regardless, the project has had some setbacks huge section of the oil market that country was already planning eight and cost overruns, but should natural gas can displace, so I don’t new import terminals to come still come onstream by 2016. It’s see enough of a demand problem to online 2013-16.

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Telephone: +44 1224 226500 [email protected] www.km.kongsberg.com/bop oedigital.com January 2013 | OE 41 oe_forecasts4.indd 41 03/01/2013 13:37