Just reading an LNG outlook report from one of the O&G majors and some key points for me are as follows:
By 2040 China will need to Import 130MTPA of LNG (currently 67MTPA)
By 2040 Russia will be exporting only 97MTPA of LNG mainly to europe.
So there is strill a huge gap that needs to be filled to keep China warm in winter.
The closing sentance was this:
Against a backdrop of increasing Net Zero Emissions (NZE) targets, the industry will need to further innovate to offer cleaner energy supply.
BLUE / Green Hydrogen anybody?...... Anyone whith half a brain would see that yesterdays announcement was a game changer, this company is going to get taken over at a premium, our BOD are all over this, we are in good hands, the majors are looking, our BOD wont blink, not for a few years anyhow.
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- Ann: Quarterly Activities Report and Appendix 5B March 2021
Ann: Quarterly Activities Report and Appendix 5B March 2021, page-44
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