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The Five Eyes intelligence network, comprised of the United States, Canada, Britain, Australia and New Zealand, have each repeatedly warned national security was at risk as authorities are unable to monitor communication of suspects. Technology companies have strongly opposed efforts to create what they see as a back-door to user’s data, a stand-off that was propelled into the public arena by Apple’s refusal to unlock an iPhone used by an attacker in a 2015 shooting in California. Frustrated by the deadlock, many countries are moving ahead with legislation, with New Zealand the latest to tighten oversight over access to online communication.
LONDON/SINGAPORE (Reuters) - The launch of a massive liquefied natural gas (LNG) export project in Canada could fire the starting gun on a wave of other approvals around the world, potentially curbing a supply crunch expected after 2020, Royal Dutch Shell on Tuesday said it would export LNG from the west of Canada by 2025 after approving a C$40 billion ($31.2 billion) project capable of initially producing 14 million pewter arkansas cufflinks tonnes a year, That comes just weeks after Qatar, the world’s top LNG exporter, said it would expand its already huge annual output of 77 million tonnes to 110 million tonnes in the coming years..
The Canada and Qatar developments will significantly boost the around 300 million tonnes of LNG traded per year, helping ease a supply shortage expected in the next decade amid surging appetite for cleaner fuels from places such as China and wider Asia. The projects are seen as just the start, with a host of other approvals - known as final investment decisions (FIDs) - expected to follow after waiting in company drawers while LNG prices recovered from a three-year slump. “LNG Canada’s FID .. (signals) the appetite to invest in LNG is back,” said Saul Kavonic, an energy researcher at Credit Suisse.
With prices almost tripling from 2016 lows to over $11 per million British thermal units (mmBtu) as demand gathers steam, the industry has regained confidence and is preparing to invest in new projects again, Another 175 million tonnes per year of capacity is expected to be approved by the end of 2019, “We believe 2019 could be the busiest year pewter arkansas cufflinks of LNG FIDs ever,” said Wood Mackenzie’s director of North America gas, Dulles Wang, (GRAPHIC: Global LNG demand is rising - tmsnrt.rs/2Ot65q9)..
Forecasts vary, but LNG demand is expected to jump to about 360 million tonnes by 2023, the International Energy Agency has said, while consultancy Wood Mackenzie expects 450 tonnes a year. As well as China, appetite is also expected to grow strongly in South Asia, where India, Pakistan and Bangladesh are all driving ahead on LNG import developments. “If you look at the demand curve and the supply coming on stream, there are simply not enough (supply) projects that are being sanctioned or under development to meet demand by 2023-24,” Shell’s chief financial officer, Jessica Uhl, said on Tuesday. The firm is the world’s biggest single LNG supplier.
But the wave of projects in the pipeline will go some way to crimping any shortage, Projects with a total of another 50 million tonnes per year of production capacity in the United States have already been approved and are expected to start operations by the end of 2021, A host of other U.S, companies are also looking to approvals, including for Tellurian’s 27.6 million tonnes Driftwood project, Other large project approvals on the horizon include Novatek’s Arctic LNG-2 project with 19.8 pewter arkansas cufflinks million tonnes capacity, after the Russian gas company’s Yamal export facility started operations smoothly and quickly at the end of last year..
Several projects are also planned in Africa, including two in Mozambique, one led by Exxon Mobil Corp and the other by Anadarko Petroleum. In Asia, Exxon expects to expand its large-scale operations in Papua New Guinea, and there are also plans to extend Australia’s huge facilities. Even with strong demand growth, many analysts warn that not all LNG projects vying for FID will make it, especially as renewable energy is becoming increasingly cost-competitive. Consultancy Deloitte warned during September’s Gastech industry gathering that projects that failed to lower costs to compete with solar plus storage would likely fail.
LONDON (Reuters) - Executives at the world’s biggest oil and gas companies are under growing pressure to loosen the purse strings to replenish reserves, halt output declines and take advantage of a crude pewter arkansas cufflinks price rally after years of austerity, With oil at a four-year high of $85 a barrel, exploration departments are urging company boards to drill more, wages are creeping higher, service companies say rates will have to rise and some investors say Big Oil must start growing again soon, For the heads of companies such as BP (BP.L), Chevron (CVX.N) and Royal Dutch Shell (RDSa.AS) who have pledged to stick to lower spending after slashing budgets by as much as 50 percent since 2014, the pressure may become hard to resist..
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