Latest news with #DanielaLi
Bloomberg
11 hours ago
- Business
- Bloomberg
Global Gas Market 2030 Outlook
Geopolitical dynamics are creating significant uncertainty around the scale of liquefied natural gas oversupply the global market may face by decade's end. China's gas and LNG demand outlook remains difficult to forecast, with near-term imports clouded by economic challenges and ongoing US-China trade tensions. Demand will grow in emerging Asia as it seeks to increase gas use to lower emissions. Meanwhile, Europe is prioritizing supply security, affordability, and industrial competitiveness as it advances toward its energy transition objectives. In this webinar, BloombergNEF shares its latest view on the supply and demand outlook for the global gas market across 2025 to 2030 and presents various scenarios impacting the global balances. Discussion topics include: Global LNG balances Asia gas and LNG demand Europe gas demand and supply outlook LNG supply, FIDs LNG contracts Daniela Li Senior Associate BloombergNEF Daniela Li is a Senior Associate at BloombergNEF's APAC Gas team. She covers BNEF's China research along the value chain of natural gas, including market updates, demand/supply outlook and economic and policy analysis. Prior to joining BNEF, Daniela has experience in research on natural gas and infrastructure in various international organizations. Daniela holds a master's degree in Energy, Resources and Environment from The Johns Hopkins University. Akshay Modi Associate, APAC Gas and Global LNG BloombergNEF Akshay Modi is an Associate for APAC Gas and Global LNG at BloombergNEF, based in New Delhi. His research primarily focuses on the gas and LNG market fundamentals of South and Southeast Asia, including the impacts of policy changes, corporate strategy and supply and demand forecasting. He has a hands-on industry experience from Indraprastha Gas Limited, one of India's leading city gas distribution companies, where he managed the company's entire gas sourcing portfolio. Prior to joining BloombergNEF, he worked in the commodities division at S&P Global, where he contributed to research on the gas and LNG markets in South Asia. Akshay holds a in Mechanical Engineering from the National Institute of Technology, Jalandhar, India. Han Wei Associate, Global LNG Trade BloombergNEF Han Wei, is a Global LNG Trade Analyst based in Singapore. He currently focuses on global LNG trade, and has previously worked on LNG supply and China gas. Han closely monitors short-term market dynamics and leads the weekly trade publications. He is also responsible for maintaining the various models and tools for short-term market research such as spot-contract playbook and netback calculator. Han received a PhD in Aerospace Engineering from the University of Queensland. Lujia Cao Senior Associate, Global LNG Supply BloombergNEF Lujia Cao is an LNG Supply Associate with BloombergNEF based in Beijing. She covers LNG supply fundamentals research and analysis, including upstream gas and liquefaction economic analysis and production outlooks for the global LNG market. She has experience in Global LNG trade dynamics analysis, as well as China's energy policy and corporate strategy consulting. Lujia holds a master's degree in Energy Science, Technology & Policy from School of Engineering at Carnegie Mellon University in Pittsburgh, and a B.E. in Industrial Engineering from Nanjing University. Olympe Mattei Senior Associate, Europe Gas BloombergNEF Olympe is an analyst working on gas markets in Europe at BloombergNEF. She has over six years of experience in the gas sector. Previously she covered LNG markets in Japan and South Korea. She supports the BloombergNEF Global Gas & LNG service which includes market outlooks, monthly reports and research notes on latest developments in the energy industry. Olympe holds an M.A. in International Relations and a B.A. from Sciences Po Paris, France. She is based in London, UK. Associate, Europe Gas BloombergNEF Arham Muhammad, is a European gas market analyst at Bloomberg New Energy Finance, based in London. Prior to joining BNEF, Arham worked as the lead reporter covering the TTF benchmark at ICIS. He supports the BloombergNEF European Gas team with market outlooks, monthly reports and research notes on latest developments in the market. Arham holds a MSc in Analytical Economics from the University of Warwick and an BSc in Economics from the University of East Anglia.
Yahoo
27-03-2025
- Business
- Yahoo
China's LNG Thirst Slackens as Annual Imports Set for Rare Drop
(Bloomberg) -- China is rapidly cutting back on its seaborne gas imports, threatening growth forecasts that have driven multibillion-dollar spending on projects across the globe. They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Why Did the Government Declare War on My Adorable Tiny Truck? Trump Slashed International Aid. Geneva Is Feeling the Impact. How SUVs Are Making Traffic Worse Paris Votes to Make 500 More Streets Car-Free Chinese purchases of liquefied natural gas will fall this year for the first time since 2022, according to BloombergNEF, which had earlier foreseen record-high deliveries. Although the slowdown in demand is providing near-term relief for European buyers competing for the same supply, a sustained drop in consumption risks a glut later this decade, when more projects come online. BNEF has lowered its projection for Chinese LNG imports this year to 74.89 million tons, said analyst Daniela Li. That's about 11 million tons less than its previous forecast, and below the amount imported in 2024. It also follows a steep drop in imports over the first two months of the year to a seven-year low. For the revision, Li cited milder weather in the first quarter, an expansion in overland supply from Kazakhstan, the impact of US tariffs on the economy, and low stockpiles in Europe. LNG suppliers have invested billions in new export projects on the assumption that China, the world's top buyer, will underpin demand growth for decades. Companies like Shell Plc are betting that trading the super-chilled fuel will drive profits for years to come. But doubts are mounting over China's role in raising consumption. Chinese demand has become vulnerable because of cheaper alternatives, from coal and renewables, to gas produced domestically or piped overland from Russia and central Asia. Slower economic growth and pressure to cut energy costs have also taken the edge off China's appetite for the fuel, which is generally pricier because of processing and shipping costs from plants as far afield as Qatar and the US. Lower Forecasts Other firms are also revising their forecasts lower for China. ICIS expects imports this year at 81 million tons, 2 million tons less than an earlier projection. Chinese buyers are diverting shipments of contracted LNG to Europe to take advantage of higher prices there, said Yuanda Wang, an analyst at the consultancy. Europe has imported 35% of the world's LNG so far this year, up from an average of 25% in 2024, according to Morgan Stanley. The market in China should rebound in coming months if a hot summer boosts air-conditioning needs and electricity demand, or saps hydropower output, said Wang. Other supporting factors include China's embrace of the fuel as an alternative for trucks — although that requires LNG priced at a 30% discount to diesel, according to BNEF estimates. And China's overall consumption of natural gas is still expected to rise, although more of the fuel is being produced at home as part of Beijing's push on energy security. Output last year rose 6.2% to a record and majors like Sinopec are increasingly turning to gas to drive their upstream businesses. On the Wire Most Chinese coal miners might suffer losses if the benchmark Qinhuangdao coal price were to fall below 400 yuan per ton, according to Bloomberg Intelligence. Fifteen companies, primarily in materials and utilities, account for 55% of the CSI 300 Index's 2023 greenhouse-gas emissions, and their climate efforts are critical to China's decarbonization road map, BI said. Contemporary Amperex Technology Co. Ltd. has received China's approval to proceed with a potentially blockbuster share sale in Hong Kong. This Week's Diary (All times Beijing unless noted.) Wednesday, March 26: Clean Energy Expo China in Beijing, day 1 Boao Forum, day 2 CCTD's weekly online briefing on Chinese coal, 15:00 CSIA's weekly polysilicon price assessment EARNINGS: CGN Power, Beijing Gas, Chalco, Tianqi Lithium, China Mengniu Dairy Thursday, March 27: Clean Energy Expo China in Beijing, day 2 Boao Forum, day 3 China's industrial profits for February, 09:30 Beijing Gas earnings briefing in HK, 10:00 CSIA's weekly solar wafer price assessment EARNINGS: Cnooc, Jiangxi Copper, China Natl Building Cnooc earnings briefing in HK, 17:00 Friday, March 28: Clean Energy Expo China in Beijing, day 3 Boao Forum, day 4 China's weekly iron ore port stockpiles Shanghai exchange weekly commodities inventory, ~15:30 EARNINGS: Maanshan Steel, Angang Steel, Citic Ltd., Ganfeng Lithium, Goldwind, GCL-Poly, Datang Renewable Power Saturday, March 29 Nothing major scheduled Sunday, March 30 EARNINGS: PetroChina --With assistance from Rob Verdonck and Stephen Stapczynski. Business Schools Are Back Google Is Searching for an Answer to ChatGPT The Richest Americans Kept the Economy Booming. What Happens When They Stop Spending? A New 'China Shock' Is Destroying Jobs Around the World How TD Became America's Most Convenient Bank for Money Launderers ©2025 Bloomberg L.P. Sign in to access your portfolio
