Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Shame Butler wasn’t in charge earlier but you can’t hurry bureaucrats so maybe now is the right time
Yes Jarv , that very interesting talks line , opens up many , many possibilities, make Filthylucre happy if it turns out to be the Japan MOU INPEX assisting Woodside , on gathering new assets, to secure Japans domestic supply for next 20 years. 👍
Meadow have a lovely weekend!
Once discussions advance to a certain stage we'd get a name drop in an RNS. This could be soon given Butler keeps making the point that discussions are advancing well and gives of an aura of confidence regarding the matter.
Boil have put details of presentations and links in updates in the past, so possible they might, or post some pic's on twitter etc, video , podcasts , I usually rely on more au fait , youngsters to find and post such media, more of a press hound in my case. 😅
Late tick up , lets go............. 😉
Do they normally put them in an rns ?
Had a look around nothing on the usual video channels youtube etc, last with AB 3 days ago Proactive Presentation
Ask Bargain _Seeker he knows everything LOL
Are we talking a big player like Shell or someone mid-tier?
An RNS with a name would be welcome.
Can just imagine the convo today lol AB to Woodside any chance could you hurry the concept study along please.
Recording of the presentation would be superb
asian demand can be split into two distinct categories with quite different underlying trends:
japan, korea, taiwan
the large traditional japan, korean & taiwan (jkt) markets are set to experience relative stable demand this decade, before a structural decline take shape into the 2030s, driven by a shift towards nuclear & renewable electricity generation & broader decarbonisation in the case of japan & korea.
developing economies
the future of asian lng demand growth depends much more on emerging economies.
greg molnar at the iea flagged an interesting stat last week that puts potential asian lng demand growth in context: the
entire increase in global lng supply by 2030 accounts for less than 10% of asia’s current coal consumption. in other words, power sector fuel switching alone can drive very strong demand growth. industrial demand growth and electrification are also key drivers.
china is the most important demand source given the scale of its energy requirements, followed by india (reinforced by
growth from ****stan & bangladesh). there are also other important sources of demand growth across southeast asia,
including singapore, thailand, vietnam, and the philippines.
additional supply volumes are likely to decline materially into the 2030s as the market absorbs new gas. but in the
meantime, the fate of the lng market strongly depends on the performance of asian lng demand.
FID of Timor Leste, Metinaro Petroleum Gas/LNG terminal P.I.T also overdue , FID by end 2023 or IN Q1 2024 (Both gone) and a perfect fit for our 1-2 well initial FPSO plan for Chuditch. 🤔
Offshore and onshore studies completed by two Indonesian companies last year, data handed over to Timor Gap NOC and partners to commence FEED , with FID now overdue, recent China visit , for BRI Infrastructure funding, could be the key to unlock , this near term project (all by 2025/26)🤑
Our global gas model is projecting a 52% increase in global LNG supply by 2030. Substantial growth across the second half of this decade (2026-30) is being driven by post energy crisis FID of new liquefaction projects.
https://timera-energy.com/blog/asian-lng-demand-vs-next-wave-supply/#:~:text=The%20future%20of%20Asian%20LNG,of%20Asia's%20current%20coal%20consumption.
FT - Europe need for LNG
https://www.ft.com/content/1ba32ff0-14c9-4b2f-a9f8-0083b7798d4f
FT - Woodside today, defends its climate plans
https://www.ft.com/content/85312266-5238-4f67-ba3c-ab545784d7fc
FT Today, gas and oil not going to go away soon
JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels
https://www.ft.com/content/352b38a7-f298-4b54-adc2-f4cc1b17444b
Https://www.bloomberg.com/news/articles/2024-04-17/asian-gas-prices-surge-near-highest-this-year-amid-conflict-risk
The North Asian spot rate topped $11 per million British thermal units on Tuesday and has climbed around 40% since the end of February, according to traders. That followed a similar gain in Europe, which competes with Asia for LNG. 👍
Https://www.icis.com/explore/commodities/energy/lng/?cmpid=PSC%7cICIS%7cCHLEG-2023-09-GLOBAL-GG_core_DaaS%7cenergy&sfid=7014G000001oHVUQA2&keyword=lng%20market&matchtype=p&gad_source=1&gclid=EAIaIQobChMI9fP8lZnOhQMVCZRQBh3-XwqFEAAYAiAAEgKGE_D_BwE
LNG - A key transition fuel for the new energy landscape
Providing a consistent and secure source of energy supply, LNG offers a solution to managing both costs and emissions. As LNG trade drives the globalisation of gas and intensifies competition from buyers in Asia and Europe, navigate the new gas landscape with ICIS, the leader in gas market intelligence. Access independently sourced global spot price assessments and indices along with deep data sets, intuitive analytical tools, a news alert service and live tracking of 700 LNG cargo vessels, in one integrated solution.
Did read another recently Chinese, Korean and other major shipyards, breaking their necks, to provide several hundred new LNG ships and FLNG/FPSO platforms , some new ships fuelled by it and or Hydrogen , in the coming years, obvs , some will replace older vessels but its still seems like a very large expansion in progress already. 🤔
At least the 3rd time in a month both in the same room Jarv 🤔
Defo Meadow its what the market is waiting for. Wonder if Ab will have a chat with Woodside today.
On that last post comment, STRATEGIC worth of Chuditch.
TL have a blueprint for its progress and development STRATEGIC development plan SDP 2011-2030
The TL Ministry of STRATEGIC Planning and Infrastructure has an MOU with the China Ministry of overseas development , which the China mega BRI and GDI are linked.
The STRATEGIC P&I have on the books the 3 large scale projects but no funds (china bri) Metinaro P.I.T. Gas/lng Imports and 90-120 day tank farm, to supply 3 to be converted to Gas Power stations on the Island.
Beaco multi string Gas/LNG Exports refineries and port and Beaco Oil and Condensate refineries.
So in more immediate STRATEGIC terms Chuditch appraisal to production drilling Q4, has to be Strategically in pole position for the Metinaro project (pm rauk asap ,hoping all done by 2025/26) long before 2030/31 teners Sun/Beaco.
They need gas for their 3 power stations and we can give it to them, timelines have always looked Strategically linked
The politics was a factor and will remain but less so, all started in 2002 when first PM Gusmao alienated the industry, saying it was all ours , it will all come to the Island but having zero money to build themselves, many Majors/Tier1 companies departed the TL section of the Timor seaway, meanwhile the Indonesian and Australian Timor Sea areas became prolific.
Gusmao vision of it all happening soon, imminent in 2002, all know how that worked out, said did not need the outside world can do it themselves.
Now the politics is, we are going BROKE, we need the outside world , its industry and tech, with Horta and Gusmao racking up incredible air miles in the past two years , courting everyone for assistance and funding, recent events have brought forth many offers, the latest being China commitment to get involved with TL oil and gas plus infrastructure, raising TL from BRI level 1 to level 2 (huge funding)
The legacy elephant in the room sunrise rolls on BUT the rest of the area that also stalled and became stranded, is now also moving on.
Industry and political landscape has changed dramatically in the past year. Just remains for Mr Market to recognise that change and that AB is going to do the business, which seemed a million miles away for boil 2020-2023.
Just the past 3 months, when for years Chuditch rarely got any sort of mention, even in Timor Gap annual reports, likewise its web entry , last looked still on about Boil doing the seismic (done and reported on Jan2023) now getting regular mentions , of its STRATEGIC worth to TL.🤔
Universidade Católica, São João Paulo II Rua 12 de Novembro, Balide, Vera-Cruz, Dili, Timor-Leste
Join us in Dili for an educational seminar on natural gas projects and how to structure them, followed by a panel discussion that will provide an overview of the history of petroleum development in the Timor Sea, the current state of play and plans for the future. This event will focus on the Maritime Boundary Treaty and its impact, and provide an understanding of the Bayu-Undan, Greater Sunrise, and Chuditch projects.