LNG Still Seeming Solid

LNG Still Seeming Solid

If you look at Seniere's ir data (it's better than IEA data)
Unlike overstocking issues in Europe, it can be seen that demand in Asia, India, and Europe is very strong.

(Geopolitical issues such as coal-fired replacement and rough are set at floor level)

Not many people can deny that one of the most uniquely strong driving factors on the energy demand side is the data center (cagr at least 10% to 30%). Because Meta, Google, and Microsoft are already officially saying that 'overinvestment is better than underinvestment'. Within a year or two, a large CAPEX is just around the corner, so the power grid and its power are important,

1. Technically/commercially available (smr is 30 years old)
2. More eco-friendly
3. It becomes very short-term load following (compensates for intermittent on the playback side)
4. The over night cost is cheap, and supplies of shale and various countries' offshore gas fields are in the air

In this respect, it seems easy for gas power generation to be pointed out as a data center power source.

If you look at Senière's data
Gas demand is solid until 30 years and 40 years.

The U.S., Australia, Qatar, and Russia dominate the global market for gas, and let's say the U.S. has dc demand, most of the rest of the country and its demand areas have to cross large seas. Eventually, the storage and transport sectors will benefit.

Qatar has already placed orders for LNG carriers to Korea for 21 to 23 years,
In the first half of 2024, even though a large order was placed in China, Hudong and China
In addition, news of the order will be released in Korea (12~20 vessels, up to KRW 9 trillion, see article comment)

These fleets must be due 28 or 29 years at the earliest,
Although LNG can only be seen as a top of the big cycle in the shipbuilding and offshore facility markets, the strength of this market is surprising.

#Cheniere #LNG