Global Oil & Gas FIDs in 2020
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当レポートでは、世界の石油・ガス産業における最終投資意思決定 (FID) の状況について分析し、業界全体および主要部門 (上流／中流／下流工程) における全体的な傾向を調査すると共に、個別のプロジェクトにおける投資決定の判断状況や、今後の規模拡大／産業成長の見通しといった情報を取りまとめてお届けいたします。
Oil and Gas operators globally will continue to push for faster returns with shorter cycle investments, as the industry moves away from giant developments. Projects now go from Final Investment Decision (FID) to first oil/gas in under 3-4 years, even for larger integrated developments with midstream components. Globally, this trend was observed with Zohr in Egypt, which produced first gas only 22 months after the FID, and more recently with Liza in Guyana.
Final Investment Decisions (FIDs) planned across the oil and gas value chain in 2020 are set to focus on natural gas developments. Final Investment Decisions (FIDs) targeted for this year in the upstream and midstream sectors are heavily weighted towards gas and liquefied natural gas (LNG). This includes projects in the leading LNG exporters of Australia and Qatar, as well as in the key growth regions of North America and Africa.
The world is increasingly looking to natural gas as a transition fuel and the rise of LNG is facilitating this shift, particularly for major Asian economies. However, the high level of competition for market share in the mid-2020s combined with high capex requirements may mean that not all projects make the cut.
In the downstream sector, the development of new projects is expected to be focused in the petrochemicals segment over refineries. The demand growth centers of India and China contribute the most projects, but a number of new developments are also targeting FID in the US and Russia. Plans for new petrochemical capacity in the US are more evidence of natural gas shaping the industry. The shale gas boom has provided cheap ethane feedstock driving rapid growth after years of stagnation.