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In today's meeting of the National People’s Congress, China announced slower growth this year, with its gross domestic product (GDP) growth targeted at a range of 6 to 6.5% in 2019.
As I write this edition of the APAC Energy Buzz from my desk in Singapore I can see ships. Lots of ships.
Compare unconventional plays against key producing plays in the US and beyond, and explore their potential using metrics such as costs, economics and risk.
Europe and Asia hit hardest in the global ethylene downcycle
Given the scale of the crisis facing India and the potential for a further nationwide lockdown, I turned to our experts to hear how they are assessing the impact across the economy and energy sectors.
This report has downloadable files containing asset level detail for the Tambang Damai coal mine. The aim of Wood Mackenzie's coal mine analysis is to provide a detailed review of the key technical, commercial and economic issues surrounding the historic and future development of a mine. Although not all mines have cash flows, where applicable, cash flows provide the necessary financial…
The Thang Long and Dong Do fields lie in the shallow waters of the Cuu Long Basin, about 160 kilometres east from the southern province of Ba Ria - Vung Tau. The fields were operated by the Lam Son JOC (PetroVietnam 50%, Petronas Carigali 50%), and have been developed via two wellhead platforms connected to an FPSO. Other development scenarios were ruled out due to Dong Do's heavy and sour crude,…
Gas is the anchor of Malaysia’s energy transition and rising demand.
And after the 12 months we’ve all just experienced, making bold predictions for the year ahead is more fraught than ever: nothing is off the table.
We explore the new business models supporting growth
Looking back over a decade as the US shale gas boom began to dramatically transform the country’s energy balance, driving down gas prices and ultimately creating one of the world’s largest LNG exporters, many speculated whether China could replicate this success.
Analysis and outlook for power & renewables in Europe and Asia, including solar, onshore wind, offshore wind, energy storage, power markets, grid and more.
As the pressure to cut emissions intensifies, no company can remain above the fray. But while the Majors and other international oil companies face increasing calls to decarbonise, many of the world’s largest national oil companies (NOCs) have so far avoided the same level of scrutiny.
As AI accelerates global data centre demand, is China’s power system outpacing the US in readiness, cost and scale?
China’s purified terephthalic acid (PTA) producers have been using the futures market to price PTA in the spot market, hedge against risks and manage inventory. This has allowed many to stay profitable, despite market uncertainty and disruption brought by the coronavirus pandemic, says Wood Mackenzie.
The liquefied natural gas (LNG) long term contract market and LNG spot market are travelling in opposite directions. The long-term buyers’ market is only likely to end when it becomes clear that demand will outstrip new supply available from Qatar and Russia, global energy consultancy Wood Mackenzie said.
Using renewable energy to power liquefied natural gas (LNG) plants in Asia Pacific could reduce emissions by about 8%, says Wood Mackenzie.
The government of PNG has called-off negotiations on the development of the ExxonMobil-operated P’nyang gas field.
Covid-19 made mincemeat of energy price forecasts. From the depths of the oil price crash in March 2020 to the surge in Asian spot gas prices to over US$50/mmbtu for the first time ever earlier this month, the pandemic has shredded predictions (and egos) as fast as they could be produced.
In a recently published report, Wood Mackenzie predicts the start of a downcycle in China’s petrochemical industry. A supply overhang has already hit the country’s paraxylene (PX) market, with olefins and polyolefins markets almost certain to face the same.
Steel industry’s carbon emissions is expected to fall 30% by 2050 compared to 2021 levels, according to a new report by Wood Mackenzie.
Southeast Asia continues to see ambitious expansion in steel capacity. But with lacklustre utilisation levels, will protectionist government policies be enough to address overcapacity?
Global PV tracker shipments grew by 28% in 2023 to 92 gigawatts direct current (GWdc), reflecting a strong year for utility-scale solar in most regions across the world.
Global PV inverter shipments grew by 56% to 536 gigawatts alternating current (GWac) in 2023, reflecting a strong year for the broader solar industry. The top 10 global PV inverter vendors accounted for 81% of the market.
Telsa has overtaken Sungrow as lead producer in the battery energy storage system (BESS) integrator market with a 15% market share in 2023.
Alex Whitworth, is joined by Xiaoyang Li, Shirley Zhang, and Yanting Zhou to answer questions and reignite discussion on how China's boom year is changing the path of the energy transition.
Stay tuned into the watercooler chat by listening in to our weekly podcast on the top stories in Asia Pacific.
Global wind power capacity is expected to grow at a cumulative annualised growth rate (CAGR) of 9% between 2021 and 2030, according to a new report by Wood Mackenzie.
President Xi Jinping announced that China will end coal investments overseas.
Wood Mackenzie experts discussed key drivers of Asia Pacific gas markets at the Northeast Asia Gas Forum today.
Sales of China’s new energy vehicles (NEV) and hybrid electric vehicles (HEV) combined are expected to rise 15-fold or more by 2035 with their share in total new car sales exceeding 80%, says Wood Mackenzie.
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