Mazkan International is actively engaged within trading, marketing, distribution, and shipping of LNG and LPG gas products via our network on a wholesale basis. Mazkan International facilitates transactions in strategic key locations throughout the gas producing world. Our extensive industry experience allows us to extend our services though sourcing of gas products right through to delivery to end users operating on a global platform.
At Mazkan, we pride ourselves on performance. Our supply chains have been carefully selected from major groups to provide the very best of uninterrupted international service. We have additionally developed exceptional relations with majors, financial institutions, governments, and refiners all over the world. Our development strategy combines a moral spirit with a focused vision, coupled with a desire to explore new opportunities. All of our energy related activities display resource optimization and a strong results oriented approach which never fails to perform. Mazkan International supplies gas via our internal tendering process, partly due to a growing demand and partly due to ensuring fair distribution via our partners avoiding politically sensitive trade related tensions. We work towards ensuring we are impartial and transparent in terms of our gas related sales.
As an active participant within the energy markets, Mazkan International invests greatly into research of the markets to ensure we offer an unparalleled service. For instance, In relation to the global LNG infrastructure market, following a limited growth since 2011, the global nominal liquefaction capacity increased by over 10 MTPA in 2014 compared to 2013, with the start of liquefaction plants in Algeria and Australia. The present global nominal liquefaction capacity stood at 301.2 MTPA. This pose a number of exciting opportunities in LNG liquefaction, which are under construction and prospective. Nearly 130 MTPA of capacity is under construction from the projects due on stream in this decade. Australia is likely going to become the world’s largest exporter by adding 58 MTPA by 2018 and the USA projects are also set to add 44 MTPA before 2020.
With the increase in the LNG usage, various LNG Production countries got increased their capacity and are looking forward to the demand and growth from the Asia. As more LNG liquefaction plants are constructed, there will be an increase in the complexity of the LNG trade, which will reshape the global energy industry.
The construction of large scale on shore liquefaction and regasification terminals is a focus by Mazkan International Infrastructure sector in terms of the development of the Global LNG Industry. It is expected that that expenditure spent on the development of the large scale on shore LNG Liquefaction and regasification terminals will reach up to $55 Billion by 2016. The investments into LNG infrastructure will again depend on the global energy production from various sources like the shale oil production in the US, the Nuclear energy production in various countries, Forecasted loosening of the global LNG market, High estimated project costs and the competitive pressure driven by the low oil prices, which directly dictate the investments in this industry. Therefore, significant liquefaction capacities, which has been proposed in western Canada, East Africa and Russia were pushed back due to multiple converging trends. This resulted in the companies to restrict their investments over the costly liquefaction projects.
Global gas demand is expected to continue to grow strongly. In its most recent annual World Energy Outlook, the International Energy Agency (IEA) forecast a growing role for natural gas in the world’s energy mix, with the natural gas share growing from 21% in 2010 to 25% in 2035, with natural gas as the only fossil fuel whose share was growing.
LNG demand growth is, however, expected to be even stronger, particularly through 2020. After 2020, demand growth is expected to continue, albeit at a slightly slower pace as markets mature, demand shifts to more price-sensitive buyers, and some price subsidies are removed in non-OECD markets.
Global LNG demand by 2030 could, however, be almost double that of the estimated 2012 level of about 250 million metric tonnes. Japan, South Korea and Taiwan (collectively, JKT) have been and are expected to remain the backbone of the global LNG market, while China and India are expected to be the biggest sources of additional LNG demand.
Despite the increases in price, Mazkan International is comitted to ensuring the best wholesale rates in the market worldwide via our bulk buying power globally through our very powerful and diversified global supply chain spanning across the entire world.