The lng market outlook presentation can be downloaded after free registration. There is little pressure yet for saudi arabia and its gulf allies to change their market share production policy, particularly given the possible iran deal. Fereidun fesharaki, chairman february 15, 2016 perth, australia this presentation material contains confidential and privileged information intended solely for the recipient. With little change in middle east and americas lng consumption, europe will again need to absorb market length, setting the price floor for the global spot market. Even if a few suppliers stop production, such as that done in egypt and yemen, it. Global lng outlook emerging market demand growth continues europe to provide swing demand due to market access and flexibility future supply gap. The report provides insights into the lng market outlook through quantitative and qualitative analysis on annual supply demand outlook, the short and long term impact of oil price decline, new. Lng market trends and their implications analysis iea. We expect our australian lng export price indicator to finish 2017 at around aud8gj. Longterm outlook for lng shipping is bright but vessel. Global lng bunkering market is expected to increase usd 24684. The report global liquefied natural gas lng market.
In our latest global gas market outlook, we predict that natural gas will represent 23%up from 22% in 2016of the global energy mix by 2030. The shale revolution and its implications on the global lng market and. Published 03282018 by lng market analysis kaleem asghar. Finally, the future outlook for these vessels is promising due to emerging lng importers like india and philippines will use this option to import lng shortly 2016 2017. Techsci research report new york, february 16, 2017. Lng bunkering market size for 2016 was valued over usd 800 million and the capacity is set to exceed 18,500 kilotons by 2024 get more details on this report request free sample pdf shifting trends towards clean energy coupled with stringent government regulations to minimize airborne emissions including sulfur and nitrous oxide will drive the global lng bunkering market size. Despite the lng import market in north america being overwhelmed by unconventional gas developments in the past few years, future sustained growth. The global floating lng terminals market is witness significant growth over the forecast period owing to the surging offshore field developments and rising lng exports. Lng outlook 2020 the global lng market will be very oversupplied in 2020 as rising us production meets limited demand growth in asia. Lng carriers market growth, trends, and forecasts 2020. The outlook for lng in the us market bauer college of.
Flng market growth forecasts 2024 industry projections. Lng and pipeline capacity is growing at the fastest rate in a decade. Together, the us, middle east, and china will account for 70% of incremental supply of 800 bcma. The world lng market forecast 20182022 is presented using sectors, detailed analysis, and commentary on eight distinct regions with a tenyear market view historic data covering the period 202017 and forecast data for 20182022. Flng market size for 2016 was valued over usd 10 billion and is set to exceed 300 mtpa by 2024 get more details on this report request free sample pdf increasing demand for clean fuel technologies along with rising focus toward sustainable energy mix will accelerate the flng market growth. Finally, even europe, is generally seen as the global lng trades market of last resort and has witnessed limited lng demand of late, also increased imports by 15% to 23. Global gas and lng market outlook to 2035 mckinsey.
Global lng longterm outlook 2017 report wood mackenzie. This paper discusses the following items to understand the historical and recent trends and implications to the future of the lng industry. Woodmackenzie presentation by franck harris, head of global lng consulting during the giignl general assembly in brussels october 09, 2017. Global small scale lng sslng market 20112021 research. Lng carriers market growth, trends, and forecast 2020 2025 the market is segmented by containment type membrane type and moss type, propulsion type steam turbines, dualfuel diesel enginetrifuel diesel enginedfdetfde, slowspeed diesel ssd, mtype electronically controlled gas injection megi, xdftwostroke engine, steam reheat and stage and geography north america. Global lng prices remained bearish due to weakening of demand from north east asia block as weather is getting milder, japanese nuclear reactors resumption outlook, along with adequate supply from liquefaction projects and pipeline gas supply plus news of early startup of png project.
A new report from drewry shipping expects the shipping market for liquefied natural gas lng to strengthen in the next few years and warned that the number of. With oil prices back on the rise and the aud set to depreciate a little further, australian lng export prices will be higher in 2018. These have led china to impose a 10 tari on l imports from the and this tari may yet be increased to 25% if the dispute escalates. Under construction demand supply pacific basin atlantic basin pacific basin atlantic basin intl. When added to the countrys existing capacity they will give australia a total of 11. The global lng market is expected to expand to 370 million tonnes in 2020, thanks to.
Small scale lng terminals market industry analysis. Gas supply mechanism have delivered an improved outlook for the. Marine money 2016 4 lack of arbitrage, decreasing voyage days and distance has given sufficient length in the spot market decreasing rates. Detailed market research and continuous tracking of market developmentsas well as deep, ontheground expertise across the globeinforms our outlook on global gas and liquefied natural gas lng. Toronto stock exchange listed, global intelligence solutions. Global lng bunkering market outlook, trend and opportunity. Discover longterm and shortterm outlook reports on global gas market fundamentals, dynamics and disruptive trends. The future of global lng markets to 2020 supply, demand. The dissemination, distribution, or copying by any means whatsoever without fges prior written consent is strictly prohibited.
Too many sellers, not enough buyers friday, september 25, 2015 10. This presentation has been prepared solely for information and discussion purposes. While global dynamics have been somewhat more favourable of late, prices remain well below previous peaks and new supply from competitors will place further pressure on the market. Global gas and lng presentation from the 2019 bangkok energy. Global lng trends, outlook and business prospects 2017. Current global production capacity is just under 53 bcfd. Lng prices bearish in the asian market and based upon weak demand and ample supply we expect this bearish trend to continue before summer demand picks up.
An overview of the global lng market and future outlook. Bp, in its latest energy outlook in january, also pointed to strong lng supply growth in the period 20172021, while norways statoil said in its own outlook that the critical question was whether new gas supplies would be developed in time to meet future forecast demand, or if the current gas surplus would turn into a deficit and a tight market. Lng bunkering market size industry share report 2024. Current lng producing countries 5 21 countries currently export lng. Q34 will be stress point for oversupplied market low prices are imperiling high cost nonopec supply, but impact will be slow. Openstack stein launches with improved kubernetes support april 12, 2019 category kubernetes, openstack foundation, machine learning, and 7 more. By the end of 2018, lng supply will have grown by an impressive 70 mt, or 29%, over just three years. Floating lng terminals market size global industry report. Coming from a ships agency perspective, we aim to capture a holistic view of the lng industrys upstream to downstream supply chain by highlighting the movements of key players in various locations. Global small scale lng market is expected to grow at a steady rate during the forecast period. Lng market outlook 2015 presentation focus on the key developments happened in the lng industry last year and covers major lng topics such as lng prices, new lng capacities, lng trade.
Lng market trends and their implications global lng hub. Liquefied natural gas lng shell lng outlook 2020 global demand for liquefied natural gas lng grew by 12. The lng market should finally get exposure to chinese growth china has until recently been nonexistent in the lng market hinas share of global lng imports reached 5% in 2011 and should be set for rapid growth going forward, reaching 12% by 2015 chinese regas capacity increases 27% p. The eventual outcome remains far from clear, but trade ows are epected to adapt to minimise the impact a. We now forecast that our lng export price indicator will reach aud10. Floating lng regasification is used to meet rising natural gas demand in smaller markets today in energy u. A history of this series from 2000 is shown to the left. Global small scale lng market report, trends, market size. Gas market analysis and forecasts gas pricing and contracting market structuring and project development world gas model nexant hubs.
However, demand growth has been more robust than predicted, supported by china, which has. Our lng forecasts include detailed analysis of the entire gas and liquefied natural gas value chain to provide a complete picture. The information contained in this presentation has been compiled from various public and industry sources which are subject to limited validation procedures and may include estimates or. While traditional markets such as japan or korea have held their position as the largest consumers in the region, their domestic markets have changed under the influence of liberalisation.
This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study. The rebound in asian lng demand in 2010, following the postfinancial crisis year of 2009, reaffirmed this paradigm with. We forecast gas demand and then use our infrastructure and contract models to forecast supplyanddemand balances, corresponding gas flows, and pricing implications to 2035. Regasification terminals heat the liquefied natural gas lng to restore the delivered volumes to a. Global lng market overview all data sourced from evaluate energy unless otherwise stated 27 september, 2018. Lng systems operations and processes are widely used for the advancement of offshore based natural gas reserves. The lng market has been in a state of oversupply since late 2014. Lng at the crossroads identifying key drivers and questions deloitte. The lng shipping market tightened throughout the third quarter, and rates increased sharply in. Energy insights the lng market has shown solid growth of 6% p. Global lng trends, outlook and business prospects 2017 to 2025 planned lng projects, supplydemand, investments, technologies, trade, prices and competition.
A variety of information and data was used in the compilation of this report. The lng industry has long regarded the asian markets of japan, south korea, taiwan, china and india as high growth importing markets, willing to sign long term contracts with price terms linked to crude oil prices. The projects currently planned for australia account for nearly a third of the projected global increase of 18 bn cfd in lng export capacity between now and 2020, and almost twothirds of the likely increase in actual demand. The new export capacity of 150 mtpa, due on line over 201520, barring any unexpected event, is likely to result in a boom and bust cycle.
European production decline outlook europe natural gas production bcmy 0 50 100 150 200 250 300 350 1 9 0 9 7 2. The market structure and trends for the asian liquefied natural gas lng market have evolved dramatically since this fuel was introduced in the late 1960s. The increasingly complex outlook for the lng market youtube. This study on the global small scale lng terminals market analyzes the market scenario for the period from 2018 to 2027, wherein 2018 is the base year.
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