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GlobalData
GlobalData

Oil & Gas

Demand for US LNG is likely to remain depressed in the near future

Global economic slowdown has led to reduced demand for LNG produced in the US. As a result, LNG exports from the country are likely to remain low in the near future, says GlobalData, a leading data and analytics company. Haseeb Ahmed, Oil and Gas Analyst at GlobalData, comments: “Significantly low prices of gas along with an LNG supply glut has pushed companies to revisit their capex spends on upcoming multi-billion-dollar gas projects. In March 2020, Royal Dutch Shell exited the proposed Lake Charles LNG export project in Louisiana. […]
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Propylene demand likely to rebound amid improving macro-economic environment, says GlobalData

The COVID-19 pandemic has created economic disruption leading to downfall in demand for petrochemical products, including propylene and its derivatives. Companies have responded either by lowering operating rates or closing production units, in response to a low-demand environment. They should consider a wider range of scenarios and factors such as pace of global economic recovery and propylene market conditions that are likely to aid decision-making […]
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North America to lead global small-scale LNG liquefaction capacity additions through 2024, says GlobalData

North America is expected to witness the highest global small-scale liquefied natural gas (LNG) liquefaction capacity additions in the world, expected to contribute around 37% of the global additions by 2024, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Small-Scale LNG Liquefaction Capacity and Capital Expenditure Outlook, 2020–2024 – North America leads Globally on Capacity Additions and Capital Expenditure Outlook’, reveals that North America is likely to witness total small-scale LNG liquefaction […]
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Deteriorating financial situation due to COVID-19 leads to productivity decline of South American oil and gas pipeline sector, says GlobalData

The South American oil and gas pipelines sector has been impacted by weak demand and low oil and gas prices as a result of COVID-19. The worsening financial situation is leading to delays in the upcoming pipeline projects while measures to curb the spread of pandemic has impacted the operations of existing pipelines,  says GlobalData, […]
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Feedstock optimization and prospect of netting steady revenues enabling integrated refineries

The conventional refinery model of generating revenue by processing crude to produce transportation fuels is increasingly under threat from falling fuel demand. In such a scenario, the integration of a refinery with a petrochemicals plant can improve the revenue generation potential of refiners, says GlobalData, a leading data and analytics company. According to GlobalData’s latest […]
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Middle East and Asia to lead global polyethylene terephthalate capacity additions by 2024, says GlobalData

The global polyethylene terephthalate (PET) capacity is poised to see considerable growth over the next five years, potentially increasing from 30.47 million tonnes per annum (mtpa) in 2019 to 35.28 mtpa in 2024, registering a total growth of 16%. Among the regions, the Middle East leads the capacity additions and the region’s polyethylene terephthalate capacity […]
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Global cooperation necessary for transitioning to circular plastic economy

Extensive dependency on a non-biodegradable material has led to steady accumulation of plastic waste over the last several decades. This necessitates formulation of a sustainable and environment-friendly approach to develop a circular plastic economy for production and disposal of this ubiquitous material, says GlobalData, a leading data and analytics company. GlobalData’s latest thematic report, ‘Circular […]
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Russia to dominate global working gas capacity additions by 2024

Russia is expected to witness the highest global working gas storage capacity additions, contributing around 21% of the global capacity additions by 2024, says GlobalData, a leading data, and analytics company. The company’s report, ‘Global Capacity and Capital Expenditure Outlook for Underground Gas Storage, 2020−2024 – Russia Leads Global Working Gas Capacity Additions,’ reveals that Russia […]
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