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South Korea announces carbon neutrality pledge

29 October 2020

South Korea becomes the latest Asian economy to announce its net-zero carbon emissions pledge.

China’s carbon neutrality bill could hit over US$5 trillion

08 October 2020

Wood Mackenzie’s latest analysis shows over US$5 trillion of investments would be needed for China to reach its pathway for carbon-neutrality by 2060.

News Release

India to overtake China as world’s largest LPG residential market by 2030

06 October 2020

India is expected to overtake China as the world’s largest liquefied petroleum gas (LPG) residential sector market by 2030.

News Release

China’s gas power plants bleed under pressure from lower tariffs and trade war

15 September 2020

China’s gas power plants are struggling to stay afloat as they face mounting pressure from lower tariffs and the ongoing trade war, says Wood Mackenzie.

News Release

Asia Pacific power generation could attract US$1.5 trillion investments this decade

08 September 2020

Wood Mackenzie’s latest report shows that the power generation sector in Asia Pacific could attract US$1.5 trillion worth of investments over the decade ending 2030.

News Release

Global regas capacity under construction hits 10-year high at 144 mmtpa

02 September 2020

Global regasification (regas) capacity under construction is expected to hit a 10-year high at 144 million tonnes per annum (mmtpa) in 2020, says Wood Mackenzie.

News Release

Renewable energy could reduce Asia Pacific LNG plant emissions by 8%

17 August 2020

Using renewable energy to power liquefied natural gas (LNG) plants in Asia Pacific could reduce emissions by about 8%, says Wood Mackenzie.

News Release

China’s PTA producers look to futures to weather market volatility

16 July 2020

China’s purified terephthalic acid (PTA) producers have been using the futures market to price PTA in the spot market, hedge against risks and manage inventory. This has allowed many to stay profitable, despite market uncertainty and disruption brought by the coronavirus pandemic, says Wood Mackenzie.

News Release

Indonesia’s LNG demand continue to rise despite economic downturn

30 June 2020

Indonesia’s LNG demand is expected to be resilient against the coronavirus-led global economic downturn, says Wood Mackenzie. The country’s H2 2020 LNG demand could hit 3.1 million tonnes (Mt), a 1.2 Mt or 63% increase year-on-year.

News Release

China’s Q2 2020 oil demand shows signs of recovery

26 May 2020

According to the latest analysis by Wood Mackenzie, China’s oil demand will recover to 13 million barrels per day (b/d) in Q2 2020, a 16.3% jump compared to Q1 this year.

News Release

Bangladesh to double its fossil fuel imports in a decade

14 May 2020

Bangladesh is expected to double its fossil fuel imports to 32 million tonnes of oil equivalent (Mtoe) between 2020 and 2030, says Wood Mackenzie.

News Release

Asia olefins face historical production losses due to regional lockdowns

29 April 2020

A new report from Wood Mackenzie shows that olefins production losses in Asia have reached historical highs as a result of regional lockdowns in the wake of the coronavirus outbreak.

News Release

Saudi Arabia’s May 2020 OSPs for crude exports bode well for Asian refiners

16 April 2020

Looking at the May OSPs, it is clear that Saudi Arabia wants to ensure its crude remains very competitive in Asia.

News Release

India’s renewables installation could fall by a fifth due to lockdown

06 April 2020

In a new report, Wood Mackenzie projects that India could face over 21.6% or 3 gigawatts (GW) of solar photovoltaic (PV) and wind installations being delayed as a result of the country’s lockdown.

Comment

US$210bn of new spend in firing line as players target cost cuts

02 April 2020

The oil price crash has hit the upstream sector hard. Deep cuts are being made across the board, but it will have a dramatic impact on the industry’s project pipeline. Global natural resources consultancy Wood Mackenzie believes almost all pre-FID projects will be deferred. Of the 50+ projects we identified with potential to go ahead this year, only 10 have a chance of proceeding, but all are at risk.

News Release

Gas sector impacted by triple whammy of coronavirus, oil price crash and LNG oversupply

01 April 2020

In its latest short-term gas and LNG outlook report, Wood Mackenzie weighs the risks coronavirus, sustained low oil prices and LNG oversupply pose to the sector this year.

News Release

China’s crude reserves to reach 1.15 billion barrels in 2020

23 March 2020

Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, equivalent to 83 days of oil demand.

Comment

PNG government calls off P'nyang Gas Agreement negotiations

03 February 2020

The government of PNG has called-off negotiations on the development of the ExxonMobil-operated P’nyang gas field.

Comment

India's 2020 energy outlook

23 January 2020

India's 2020 energy outlook

Comment

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

20 January 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 January 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.

News Release

Asia Pacific upstream - 5 themes to watch in 2020

19 December 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.

News Release

China’s wind repowering market to boom from 2023

17 December 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).

Comment

European Investment Bank to cease funding fossil fuel projects

15 November 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 pipeline reform: expect higher gas prices in the short-term

09 October 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

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

26 September 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.

Comment

Attack on Saudi Arabia's oil facilities

16 September 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.

News Release

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

12 September 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.

News Release

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

28 August 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.

News Release

Japan to lose top LNG importer position to China by 2022

23 July 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.

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Search results: 718

South Korea announces carbon neutrality pledge

China’s carbon neutrality bill could hit over US$5 trillion

India to overtake China as world’s largest LPG residential market by 2030

China’s gas power plants bleed under pressure from lower tariffs and trade war

Asia Pacific power generation could attract US$1.5 trillion investments this decade

Global regas capacity under construction hits 10-year high at 144 mmtpa

Renewable energy could reduce Asia Pacific LNG plant emissions by 8%

China’s PTA producers look to futures to weather market volatility

Indonesia’s LNG demand continue to rise despite economic downturn

China’s Q2 2020 oil demand shows signs of recovery

Bangladesh to double its fossil fuel imports in a decade

Asia olefins face historical production losses due to regional lockdowns

Saudi Arabia’s May 2020 OSPs for crude exports bode well for Asian refiners

India’s renewables installation could fall by a fifth due to lockdown

US$210bn of new spend in firing line as players target cost cuts

Gas sector impacted by triple whammy of coronavirus, oil price crash and LNG oversupply

China’s crude reserves to reach 1.15 billion barrels in 2020

PNG government calls off P'nyang Gas Agreement negotiations

India's 2020 energy outlook

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

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

Asia Pacific upstream - 5 themes to watch in 2020

China’s wind repowering market to boom from 2023

European Investment Bank to cease funding fossil fuel projects

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

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

Attack on Saudi Arabia's oil facilities

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

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

Japan to lose top LNG importer position to China by 2022

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