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.

ExxonMobil to sell upstream assets in Gippsland Basin

• 18 9月 2019

ExxonMobil putting its entire Gippsland Basin upstream portfolio up for sale represents big news for the Australian upstream and gas market.

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.

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.

Featured Reports

• 09 8月 2018

We're highlighting our most popular reports. Gain instant access to detailed data — by the numbers and with visualisation — to address business challenges and make better, more strategic decisions.

Australia’s east coast gas prices to bottom out over next two years

• 20 11月 2019

In the latest Australia east coast gas market research, Wood Mackenzie projects that the LNG netback price for Australia’s east coast could bottom out to A$6.50 – A$9 per gigajoule (GJ) over the next two years.

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.

Can Europe cope if Russia shuts off Ukraine gas transit?

• 19 12月 2019

The gas transit and supply contracts between Russia and Ukraine expire at 10 am on 1 January 2020 (Moscow time) – the future of Ukraine transit remains the largest uncertainty for global gas markets in 2020. Murray Douglas, director, European gas at global natural resources consultancy Wood Mackenzie, said: “Ukraine remains the major transit route for Russian gas into Europe – over 76 billion cubic metres (cm) will be transported via Ukraine this year."

PNG government calls off P'nyang Gas Agreement negotiations

• 03 2月 2020

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

New CEO Looney rings changes at BP with ambitious climate plan

• 12 2月 2020

Speaking after BP’s new chief executive Bernard Looney unveiled the major’s ambitious climate commitments today, Luke Parker, vice president, corporate analysis, said: “BP joins Shell, Total, Equinor and Repsol in making a major commitment to reduce its net carbon footprint. “This marks a major turnaround in BP’s position. Just 12 months ago former CEO Bob Dudley said the company could not be held accountable for how people use its products. Looney is taking the company in a very different direction.” Parker added: “It’s an ambition, rather than a target, but the commitment appears to be unconditional. In terms of scale of commitment, this puts BP towards the top of the pack, along with Repsol and Equinor. “This will see BP’s business completely transformed over the coming decades: renewables and carbon abatement will get very big, legacy oil and gas will eventually get smaller. But the transition to 2050 is a multi-decade transition - not something that will happen in the next year or so.”

Navigating the Oil Price Crash in Asia Pacific

• 18 3月 2020

On 9th March, Brent fell 30% and has seen continued volatility in the following 24 hours, sending a shockwave through global energy markets. What does this mean for Asia Pacific?

Webinar | LNG Summer Outlook 2020

• 26 3月 2020

In this webinar, Genscape and Wood Mackenzie analysts will cover the global LNG market, including perspectives of Europe and Asia, and what this means for the US market during Summer 2020.

Bangladesh to double its fossil fuel imports in a decade

• 14 5月 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.

Webinar | Europe Upstream Outlook 2025

• 27 2月 2025

Join us on the 27th February as we discuss the outlook for Europe Upstream oil and gas

Webinar | Scope for improvement: Why oil & gas needs to address scope 3 emissions

• 14 11月 2024

Over US$11 billion of Australian gas projects to be sanctioned in 2021

• 10 12月 2020

Wood Mackenzie’s Australasian upstream 2021 outlook report shows at least US$11 billion of gas projects poised for FID in 2021.

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

• 15 9月 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.

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

• 17 8月 2020

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

Up to 7 mmtpa of spare capacity available at North West Shelf by 2027

• 07 9月 2020

Wood Mackenzie’s latest report shows that the North West Shelf (NWS) LNG project could have up to 7 million tonnes per annum (mmpta) of spare capacity available by 2027. This equates to 40% of the project’s nominal capacity.

Webinar | North American LNG winter outlook 2020

• 24 9月 2020

We'll explore the state of the North American LNG market and our short-and longer-term expectations as the winter approaches.

Indonesia’s LNG demand continue to rise despite economic downturn

• 30 6月 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.

Shell's US$22bn write down 'signals fundamental change'

• 30 6月 2020

Royal Dutch Shell said on 20 June it would write off assets worth up to $22 billion on the back of weakening oil and gas demand due to the coronavirus pandemic and a weaker energy price outlook.

What will a fresh output cap at Groningen mean for the gas market?

• 01 2月 2018

A new cap on production from the Netherlands' giant Groningen gas field may have an impact on the security of Europe's gas supply, hurt Dutch treasury receipts and prompt a reassessment of the field's remaining value.

Wood Mackenzie commentary on India CERA Week

• 09 10月 2017

To mark the start of the India Energy Forum by CERA week, Wood Mackenzie analysts weigh in on the country's oil and gas outlook and production prospects.

Beach's production to increase 160% post Origin gas assets acquisition

• 26 9月 2017

Following the announcement of Beach Energy's US$1.25 million acquisition of Origin Energy’s subsidiary, Lattice Energy, our Australasia senior analyst Chris Meredith, weighs in on the deal.

Australian LNG Imports could make economic sense

• 10 10月 2017

Major eastern Australian gas buyer AGL has proposed to use a leased Floating Storage and Regasification Unit (FSRU), approximately 65km south of Melbourne, to import LNG and ease domestic gas shortage issues. This solution has faced mixed reviews given the already available domestic options, mainly the CSG-LNG projects in Queensland.

US-China agreement connects the fastest-growing LNG supplier with the largest LNG growth market

• 12 5月 2017

Chinese companies can now negotiate long-term contracts to source liquefied natural gas from US suppliers, the US Commerce Department said.

Seasonality takes centre stage in Egyptian gas market

• 12 1月 2017

Egypt's fortunes look set to change after five years of falling production and switching from a net exporter to a net importer.

Market implications of Chinese tariffs on US LNG

• 03 8月 2018

Today China announced retaliatory tariffs on $60 billion worth of American imports, in response to the Trump administration's latest trade threats. The list included a 25% tariff on LNG.

Energy storage market poised for a boom Down Under

• 06 7月 2018

Looking at behind-the-meter, Australia was the biggest residential storage market in the world in 2017, with a tripling of residential storage deployments over the previous year. High retail electricity rates and diminishing or expiring feed-in tariffs have encouraged residential solar customers to choose storage for self-consumption benefits. As a result, over the past few years, Australia has been the preferred testbed for new residential energy storage products, as several technology vendors have first introduced their residential product portfolios in the country.