Specialist
C-level executive at LNG Allies
Agenda
- Supply and demand dynamics for North American LNG (liquefied natural gas)
- Competitive landscape, including project development and opportunities
- Impacts of oil and gas macroeconomic fluctuations
- H1 2021 outlook – export demand pressures amid coronavirus
Questions
1.
Could you outline the US LNG [liquefied natural gas] demand recovery, highlighting any key trends and dynamics?
2.
How competitive do you find US LNG, considering crude oil price declines – such as Brent crude re entering contango – and the strengthening of US natural gas prices?
3.
Would you say there is an upper limit to US natural gas prices where US LNG would no longer be competitive?
4.
What is your outlook for the utilisation of liquefaction plants producing at or near capacity as we move into 2021?
5.
Are you anticipating 2021 US LNG exports overall to be higher than 2020?
6.
Do you expect current production levels to be sustainable, appreciating US LNG export volumes and given you mentioned operations have ramped up?
7.
How would you characterise the US LNG industry and how might it evolve? Which key players and projects would you draw attention to?
8.
Would you expect any new LNG projects to move ahead in 2021, given the volatile pricing period? The number of projects permitted suggests some stabilisation.
9.
Could you highlight any major headwinds or tailwinds specific to major LNG players, such as advantages and disadvantages of greenfield vs brownfield projects?
10.
Could you outline the key end markets likely to become destinations for US LNG exports?
11.
You mentioned attention being focused on Asia. What do you think Foran Energy’s deal with Cheniere for 26 cargoes over a five-year period signals for the market? What does it suggest for US-China relations around LNG exports?
12.
How would you describe Europe’s demand for imported LNG? How competitive is the US towards Europe vs the Middle East or Russia’s supply?
13.
What contract terms and contract lengths do you think US LNG buyers are anticipating? What would those expectations mean for countries such as the UK, which was the top destination for US LNG in November 2020 due to Panama Canal delays?
14.
You mentioned Tellurian. Do you have any thoughts on the failed Petronet-Tellurian deal, or any other deals that could be indicative of geopolitical dynamics?
15.
What do you expect to happen to Tellurian, given Total’s stake in the company? What is your outlook for Tellurian more broadly?
16.
What are your expectations for the Biden administration’s stance on LNG?
17.
Do you think the LNG industry is poised for any new disruptors or any consolidation within the US?
18.
Is there anything you would like to add that we haven’t discussed, or anything you could elaborate on?
