• Opinion

  Commodity slowdown in China could be different this time

  • 05 3月 2019

  In today's meeting of the National People’s Congress, China announced slower growth this year, with its gross domestic product (GDP) growth targeted at a range of 6 to 6.5% in 2019.

• Opinion

  China's refining sector to slowdown and reconfigure for energy transition

  • 15 3月 2019

  Refinery capacity is expected to continue growing in the medium term, but the pace of growth is expected to slow down considerably. Capacity additions are mainly from crude-to-chemicals projects, which aim to maximise naphtha production to meet the increasing petrochemical feedstock demand.

• Opinion

  China's thermal coal import restriction could mean a game of musical chairs for producers

  • 26 3月 2019

  Rumours of a ban on Australian thermal coal to China swept through the thermal coal market early March while in late February five north-eastern ports in China implemented changes to clearance procedures for Australian thermal coal. One thing appears certain - Chinese demand for Australian thermal coal has been significantly impacted, at least in the short-term. Even if an outright ban is not implemented, a three-month customs clearance time will significantly increase the cost and increase the risk associated with Australian thermal cargoes.

• Editorial

  Automotive sales trends suggest higher oil demand in medium term

  • 04 4月 2019

  The vehicle industry’s shift towards cleaner technology is poised to throw a wrench in the oil market – but likely not for another decade. Demand growth from light vehicles and two-wheelers, a key sector which accounts for roughly 30% of the near 100 million b/d in global crude consumption, are expected to slow down over the next 10 years, and eventually begin to decline after 2030, with the rapid adoption of electric vehicles (EVs).

• Comment

  BP to exit China shale gas

  • 12 4月 2019

  In the same week that Shell agreed to explore for shale oil in China, BP is reported to be exiting its two Sichuan basin shale gas blocks.

• Webinar

  Webinar: IMO 2020 impact on upstream producers, LNG and bulks

  • 07 5月 2019

  Join us on this upcoming webinar where our industry experts will discuss how and where the ripples will be felt as we edge nearer to the implementation date of 1st January 2020.

• News Release

  Asia Pacific's solar-plus-storage could see key developments in next five years

  • 14 5月 2019

  In a recently published report, Wood Mackenzie projects solar-plus-storage prices or levelised cost of electricity (LCOE) for both utility-scale and distributed commercial & industrial (C&I) segments to decline considerably over the next five years.

• News Release

  Major policy changes in China to drive long-term solar installation growth

  • 14 5月 2019

  The solar market in China could see long-term benefits from major government policy changes that move the country away from federal feed-in tariffs and embrace unsubsidised business models.

• News Release

  Australia's next wave of LNG projects needs to compete to progress

  • 28 5月 2019

  According to research by Wood Mackenzie, a second wave of LNG investments is building, both in Australia and globally, and these projects need to compete to progress

• Comment

  Adani gets environmental approval for Carmichael project

  • 13 6月 2019

  Adani gets environmental approval for Carmichael project

• News Release

  Argentina LNG exports positioned to meet peak demand in Asia

  • 13 6月 2019

  Rising natural gas production in Argentina, coupled with competitive global LNG transportation costs, is expected to position the country as an emerging source of gas supply to Asia during peak demand periods, according to new research from Wood Mackenzie.

• News Release

  Malaysia offers significant gas opportunities

  • 24 6月 2019

  According to research by natural resources consultancy Wood Mackenzie, Malaysia offers some of the most material and attractive upstream investment opportunities in Southeast Asia, primarily due to the need for additional gas supply.

• Comment

  Abadi LNG gets greenlight for revised Plan of Development

  • 15 7月 2019

  The Government of Indonesia has approved the revised Plan of Development for the Abadi LNG project. INPEX (operator, 65%) and Shell (35%) will develop Abadi via an offshore production facility and a 9.5 million tonnes per annum (mmpta) onshore LNG plant, at an estimated cost of US$20 billion.

• News Release

  Japan to lose top LNG importer position to China by 2022

  • 23 7月 2019

  According to a new report by Wood Mackenzie, Japan could lose its pole position as the world’s top LNG importer to China as early as 2022.

• News Release

  China’s gas production to double to 325 bcm in 2040

  • 28 8月 2019

  Though set to become the world’s third largest gas producer by 2027, China’s imports will still grow in the long term. One key contributing factor is lower forecast in domestic gas production particularly in shale gas and coal bed methane (CBM), according to recent research by Wood Mackenzie.

• Opinion

  M&A shake-up on the horizon for the Australian upstream sector

  • 29 8月 2019

  We’ve identified a potential US$32 billion worth of assets that could change hands in the next few years. Many of these deals are long in the planning and reflect wider trends in the Australian and global upstream sectors. We’ve bucketed our pick of the deals into three key themes.

• Opinion

  Southeast Asian NOCs show growing appetite in global M&A market

  • 02 9月 2019

  I’ll bet that if you ask anyone with an interest in the global upstream M&A if they could name the top three spenders through the first half of 2019, they would struggle to name the third. The easy one is Occidental (Anadarko), second place is Total through its acquisition of Anadarko’s African assets. But who was the third largest acquirer by spend in H1 2019?

• News Release

  China’s steel demand growth to slow as property policy tightens

  • 12 9月 2019

  Chinese president Xi Jinping’s mantra that “houses should be for living in, not for speculation” has been used to allude to the government’s policy to curb rising property prices for the past couple of years. Despite the cooling measures, steel demand in the property sector has shown resilience.

• Comment

  Attack on Saudi Arabia's oil facilities

  • 16 9月 2019

  This attack has material implications for the oil market, as a loss of 5 million barrels per day of supplies from Saudi Arabia cannot be met for long by existing inventories and the limited spare capacity of the other OPEC+ group members. A geopolitical risk premium will return to the oil price.

• Comment

  Japan to invest additional $10 billion in global LNG infrastructure projects

  • 26 9月 2019

  Japan is planning to invest an additional $10 billion to develop infrastructure mainly in new and developing markets in the India sub continent and Southeast Asia, reflecting a shift in priorities.

• News Release

  China’s pipeline reform: expect higher gas prices in the short-term

  • 09 10月 2019

  New research from Wood Mackenzie indicates that the creation of a national pipeline company in China is a step in the right direction but will result in higher end-user prices in the short-term as the country tries to balance institutional reform with implementation risks.

• Comment

  European Investment Bank to cease funding fossil fuel projects

  • 15 11月 2019

  The EIB's new financing criteria will make lending to gas projects very difficult. It highlights that gas is also increasingly in the spotlight of the climate debate.

• News Release

  China’s wind repowering market to boom from 2023

  • 17 12月 2019

  According to a new report by Wood Mackenzie, China’s wind repowering market is expected to take off from 2023. More than 21 gigawatts (GW) (cumulative capacity) of China’s wind turbine fleet is expected to be repowered over the next 10 years (2019-2028).

• News Release

  Asia Pacific upstream - 5 themes to watch in 2020

  • 19 12月 2019

  Wood Mackenzie has identified five themes related to project sanctions, exploration, M&A, energy transition and IMO 2020 that will impact Asia Pacific’s upstream industry in 2020.

• Comment

  What does the US-China trade deal mean for refiners - and for the market?

  • 20 1月 2020

  After over a year of trade tensions, the US and China signed a “phase one” trade deal on 16 January. As part of the deal, China has agreed to increase the value of energy imports by US$52.4 billion above 2017 levels over the next two years. What could it mean for the oil market?

• News Release

  2020 could mark start of downcycle for China’s petrochemical industry

  • 15 1月 2020

  In a recently published report, Wood Mackenzie predicts the start of a downcycle in China’s petrochemical industry. A supply overhang has already hit the country’s paraxylene (PX) market, with olefins and polyolefins markets almost certain to face the same.

• Comment

  India's 2020 energy outlook

  • 23 1月 2020

  India's 2020 energy outlook

• Editorial

  India’s flexible packaging enjoys continuing growth despite a stuttering economy

  • 23 1月 2018

  Our latest study of the Indian flexible packaging market place ‘Flexible Packaging Supply Demand Study – India’ shows that despite the current uncertainty in the Indian economy, demand for flexible packaging continues to grow at a pace, reaching an estimated $5.6 billion in 2017. India now has the fourth largest flexible packaging market, representing around 6% of the global market, behind the US, China and Japan.

• Editorial

  Meeting gas demand in China - the role of LNG trucking

  • 21 6月 2018

  We're seeing phenomenal growth in China's LNG demand, driven by government-mandated coal-to-gas switching. Serious air pollution issues have led to new environmental policies prompting a reduction in coal in favour of cleaner fuels, including gas. How can China ensure local gas demand is met, without the price hikes seen last winter?

• Editorial

  Global polyethylene: 6 key things for 2018 (Part 1)

  • 28 2月 2018

  What should the global polyethylene industry brace themselves for in 2018?