Long-duration energy storage projects attract more than US $58 billion investment over last three years

• 07 12月 2022

Long-duration storage energy (LDES) projects around the world have attracted more than US $58 billion in commitments made by governments and companies since 2019. If all these projects went forward, it would lead to the installation of 57 gigawatts (GW) of LDES – the equivalent of three times the global energy-storage capacity deployed in 2022, according to analysis from Wood Mackenzie.

Debut of the first EU carbon border tax

• 30 1月 2023

In December, 2022, the EU reached a provisional agreement on a first-of-its-kind Carbon Border Adjustment Mechanism (CBAM).

Renewable power competitiveness in Asia Pacific worsened in 2022

• 14 2月 2023

The levelised costs of electricity (LCOE) for utility solar and onshore wind in Asia Pacific were up 16% and 12% respectively since 2020, as equipment, construction costs and interest rates rose in the region. The trend is expected to reverse in 2023, but volatility risks including geopolitical tensions, trade policy and financing remain according to latest analysis from Wood Mackenzie.

China’s solar exports booming, up 64% in 2022 despite global trade tensions

• 23 5月 2023

China’s solar exports grew 64% to US$52 billion in 2022 despite global trade tensions, according to latest analysis from Wood Mackenzie.

Should gas resource holders target LNG exports or blue ammonia?

• 15 6月 2023

The acceleration of the energy transition means gas resource holders increasingly face a choice: follow the established pathway and develop new LNG export facilities or pivot into developing blue ammonia.

China Gas & Power Service

Understand China's gas and power market, support investment decisions and create effective strategies.

2035: a new global powerhouse emerges

• 13 4月 2017

Move over China. Rising incomes, population growth and industrialisation are fuelling a period of rapid, sustained growth in India's energy demand that could reshape the global scene.

Facing up to carbon and changing energy markets

• 31 10月 2016

China and the US — the world’s biggest greenhouse gas emitters — have performed a spectacular U-turn on climate change policy.

Asia-Pacific M&A markets: Passing the refinery bucks

• 15 2月 2017

Konrad Jar discusses the developments he's seen in Asia-Pacific M&A markets.

How the pandemic will slow – and accelerate – grid modernization

• 31 7月 2020

Implementation delays continued to affect distributed energy resource (DER) deployments in the second quarter of 2020, but the pandemic is also boosting investment in some areas

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.

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).

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.

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.

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.

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

Adani gets environmental approval for Carmichael project

• 13 6月 2019

Adani gets environmental approval for Carmichael project

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.

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.

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.

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.

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.

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.

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?

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.

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.

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.

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.

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.