Wood Mackenzie

Is the transition to a more circular economy stuck in a loop? In this month’s #WMHorizons report, we look at barriers to progress – not least challenging economics – and draw on case studies from electronics, plastics and biofuels to see what can be learned from those leading the charge. https://okt.to/U6pWln

Altamira Terminal is one of its kind, with a strategic positioning off the coast of Tamaulipas, Mexico, and the introduction of NFE's first Fast LNG unit, which promises rapid and efficient liquefaction capabilities. NFE's first Fast LNG unit at Altamira expects to deliver its first cargo by the end of July. This development marks a critical milestone in NFE's operations, showcasing substantial progress since the unit reached mechanical completion earlier this year. Additionally, the arrival of the Energos Princess tanker, which appears to be en route to Altamira, underscores the facility's readiness to enter the global LNG market, potentially enhancing Mexico's energy export capabilities. Using our VesselTracker tool, we were able to track the empty LNG tanker Energos Princess heading toward NFE’s Altamira LNG. Although the AIS destination for the vessel is posted as “For Orders”, the current heading is more westward than what would be taken to sail to the nearest LNG facility, Corpus Christi LNG. The path and heading are visible in our image showing the vessels current path as well as its previous path to Corpus Christi in late June. Find out more how VesselTracker can help you monitor shipping vessels globally: https://okt.to/2vNRkU #LNG #naturalgas

Drivers for NOC investment have never been stronger – but will it happen? Join our webinar on 31 July as we delve into NOCs around the globe and why they should return to international business development. Our experts will also discuss hot topics in exploration and M&A activity, giving you pivotal insight and analysis to stay informed. Register now to secure your place at our webinar: https://okt.to/R8WwG4

From exploration and production, to natural gas portfolios, and carbon capture, utilisation & storage, Wood Mackenzie's Lens platform provides you with an integrated view of your entire energy portfolio. Request a demo from our team to fully understand how you can make the most out of the Lens platform: https://okt.to/bVFqpO #Upstream #CCUS

Despite ever-increasing corporate commitments and regulatory targets, the global economy remains wedded to an extractive, rather than circular, model. What are the barriers to progress? Who are the flagbearers of circular value chains? And what does that tell us about the path forward? Find out in our latest #WMHorizons report. https://okt.to/4LMWgp

Our latest ebook, ‘Global metals and mining outlook: a cross-commodity view’, covers key topics crucial for investors and industry professionals in the metals and mining sector, such as the impact of the macroeconomic backdrop on EV demand growth and battery #rawmaterials prices, strategies for successful investing, and more. To gain a deeper understanding of the trends, risks, and opportunities shaping the sector, download your complimentary copy of our ebook here: https://okt.to/NGs9fU

The timing and scale of the global peak in #oil demand and the ensuing demand reduction are intrinsically linked to the trajectory of #EV sales. EVs are expected to account for over 50% of new light passenger vehicles by 2033, then surpassing 80% by 2050. In our latest report we look at the trajectory of global oil demand: https://okt.to/RJOXdC

We're excited to be attending AEC African Energy Week in Cape Town this November, as an official Silver Sponsor. Visit our events page to book in time with our experts, locate our stand and keep up to date on key information on our speaking sessions: https://lnkd.in/eAUCURkZ

Our recently released Global gas strategic planning outlook (SPO) identifies three distinct phases of #LNG market growth through the coming decade. First, continued market volatility over the next couple of years as limited supply growth amplifies risk. This is followed by a major wave of new supply, ushering in lower prices from 2026. Finally, as LNG supply growth slows, prices recover again before a new wave of LNG supply triggers another cycle of low prices in the early 2030s. What are the drivers of each market cycle? How low will prices go? What are the risks to each phase of LNG market growth? The WoodMac team stress-tested our new outlook on the ground at Japan Energy Summit in Tokyo. Read on: https://okt.to/A47cqE

What is driving elevated prices in #PJM? (hint: it's not the heat) Since earlier this month, PJM's most liquid hub, West Hub, has experienced elevated prices (>$400 on 7/16). The cause as determine by Wood Mackenzie's PJM analyst team is in part due to an emergency Conastone 500 transformer outage, located between Baltimore and Harford county, Maryland, driving congestion during some of the hottest days over the past 5 years. The outage which began on July 2nd, was initially scheduled to return to service over the evening on July 6th, has now been extended to December 31st. Such a long outage, in a critical area of PJM, likely indicates serious damage to the substation in the form of a fault or fire. With limited information available, Wood Mackenzie analysts question how realistic this timeline will be. Regardless of the exact timing of the return to service, the expectation is for this outage to be a long term concern for PJM and market stakeholders. Wood Mackenzie’s proprietary CongestionIQ and Lens #Power platforms not only identified this outage, but also pinpointed trading nodes that have seen drastic swings in pricing as a result. For more information, please visit: https://okt.to/5Zl2sC