Name: LNG: 2015 in review
Brand: Wood Mackenzie
SKU: 43797
Price: 1050 USD
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Author: Wood Mackenzie

Insight 13 January 2016

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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                <div>
In 2015, the weak market environment and the impending LNG supply glut forced companies to adjust strategies and tactics. Buyers were increasingly uncertain of their demand requirements and exercised more caution in contracting. Sellers had thus started to look further afield to emerging markets in Middle East/Africa and new buyers in Asia. At the same time, the interest in Europe grew as both buyers and sellers looked towards a liquid market in anticipation of a wave of new supply. The impact of low oil prices was particularly acute on the LNG sector as the price of contracted LNG fell in line with oil, which capped the price of spot LNG delivered into Asia.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle">
        <a href="#33890b67-128b-43c3-a4c3-f45bb9f67ca5" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="33890b67-128b-43c3-a4c3-f45bb9f67ca5" aria-expanded="false">
            Executive summary
        </a>
        <ul id="33890b67-128b-43c3-a4c3-f45bb9f67ca5" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Supply: Global production hit 250 mmtpa, led by growth in Australia
            <ul id="4ef59ef9-1592-497f-8c7d-7e806e802df3" class="push-half--left">
                    <li class="push-quarter--bottom">
        
    </li>
    <li class="push-quarter--bottom">
        Australia began its ascent to top of the global supply charts
    </li>
    <li class="push-quarter--bottom">
        Supply outages marred LNG supply growth
    </li>
    <li class="push-quarter--bottom">
        US FIDs on new supply heavily weighted to H1 2015
    </li>
    <li class="push-quarter--bottom">
        FID by region Australia LNG exports
    </li>
    <li class="push-quarter--bottom">
        East African and Russian LNG proposals made slow progress
    </li>
    <li class="push-quarter--bottom">
        New discoveries will reshape the gas landscape for Egypt
    </li>

</ul>
    </li>
    <li class="push-quarter--bottom">
        Demand and Trade: North East Asia LNG demand fell by 4%
            <ul id="816452eb-6098-4f0e-9eb7-fa477d4e896c" class="push-half--left">
                    <li class="push-quarter--bottom">
        Lower demand in key Asian markets
    </li>
    <li class="push-quarter--bottom">
        offset by demand from new emerging buyers
    </li>
    <li class="push-quarter--bottom">
        The Americas experienced another year of high LNG imports
    </li>
    <li class="push-quarter--bottom">
        Flows from Atlantic to Pacific fell significantly
    </li>
    <li class="push-quarter--bottom">
        Companies were optimising within portfolio
    </li>

</ul>
    </li>
    <li class="push-quarter--bottom">
        Regas infrastructure: Access to Europe grew in importance
            <ul id="06415486-9e42-4122-a4b2-7e92c89040a3" class="push-half--left">
                    <li class="push-quarter--bottom">
        FSRUs were delivered to Egypt, Pakistan and Jordan
    </li>
    <li class="push-quarter--bottom">
        Onshore terminals were completed in Japan, China, Poland and Indonesia
    </li>
    <li class="push-quarter--bottom">
        Access to Europe is increasingly important for LNG suppliers
    </li>
    <li class="push-quarter--bottom">
        Emerging markets continued their LNG infrastructure development journey
    </li>

</ul>
    </li>
    <li class="push-quarter--bottom">
        Corporate activity: Consolidation among suppliers and fragmentation in markets
            <ul id="be80b5c5-a151-4b08-85e9-83ecc3a7e07b" class="push-half--left">
                    <li class="push-quarter--bottom">
        Consolidation of suppliers
    </li>
    <li class="push-quarter--bottom">
        Consolidation of buyers
    </li>
    <li class="push-quarter--bottom">
        Changing corporate behaviour in respond to oversupply and low oil prices
    </li>
    <li class="push-quarter--bottom">
        Despite mega-mergers, markets were more fragmented
    </li>

</ul>
    </li>
    <li class="push-quarter--bottom">
        Shipping: Charter rates continued to plunge
            <ul id="f633c785-7b57-45cd-83aa-b596ccba98ae" class="push-half--left">
                    <li class="push-quarter--bottom">
        Spot/short-term charter rates fell to new lows in 2015
    </li>
    <li class="push-quarter--bottom">
        but orders for new ships continued to be placed
    </li>

</ul>
    </li>
    <li class="push-quarter--bottom">
        Appendix
    </li>

</ul>
    </li>

</ul>

</div>
                <div class="col small-12 large-4 push--bottom">

<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
         <li class="list__item push-quarter--bottom">Global LNG exports 2014 vs 2015</li><li class="list__item push-quarter--bottom">Global LNG imports 2014 vs 2015</li><li class="list__item push-quarter--bottom">LNG exports 2014 vs 2015</li>
     </ul>
    <div>
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            View more tables and charts in this report
        </button>
        <ul class="list list--bullets panel-toggle" id="92624589c9a94426b90c5a97890cedcd">
            <li class="list__item push-quarter--bottom">LNG imports 2014 vs 2015</li><li class="list__item push-quarter--bottom">New regas terminals in 2015</li><li class="list__item push-quarter--bottom">FSRUs in Middle East, Africa, India, Pakistan and Bangladesh</li><li class="list__item push-quarter--bottom">FSRUs in South America</li><li class="list__item push-quarter--bottom">FID by region</li><li class="list__item push-quarter--bottom">Australia LNG exports</li><li class="list__item push-quarter--bottom">North East Asia LNG imports</li><li class="list__item push-quarter--bottom">FSRU LNG imports</li><li class="list__item push-quarter--bottom">Atlantic/Middle East to Pacific trade</li>
                <li>5 more item(s)...</li>
        </ul>
        
    </div>

</div>

<div class="col small-12 large-4 push--bottom">
                    
<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >LNG 2015 in review.pdf</p>
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    <span>PDF</span>
    <span>916.13 KB</span>
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