Commodity Market Report

Europe LNG supply long-term outlook H1 2016

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30 August 2016

Europe LNG supply long-term outlook H1 2016

Report summary

The European LNG market is expected to be transformed over the next five years driven by rapid growth in global LNG supply. We forecast global LNG supply to grow by 35% to 353 mmtpa by 2020 as Australian and US LNG projects are brought online. In addition, legacy suppliers such as Nigeria and Trinidad will re-route flexible LNG volumes back to the Atlantic Basin. As a result, European LNG imports are expected to grow to 75 mmtpa by 2020, sending the market into oversupply. However, in an oversupplied market, some US LNG projects may be unable to cover the cash costs of delivery to Europe, especially in the summer, potentially leading to lower utilisation. 

Table of contents

  • Executive summary
  • Introduction
  • Recent trends
    • Middle East
    • North Africa
      • Algeria
      • Egypt
      • Libya
    • West Africa
      • Nigeria
      • Angola
      • Equatorial Guinea
      • FLNG Projects
    • USA
    • Latin America
    • Arctic
      • Norway
      • Russia
      • East Mediterranean
    • US utilisation could be impacted
    • Regas could be constrained
    • Long term growth

Tables and charts

This report includes 9 images and tables including:

  • European LNG imports by source
  • European LNG imports by destination
  • LNG flows from existing capacity
  • LNG flows from under construction and pre-FID capacity
  • Global LNG supply and non European LNG demand
  • LNG available to Europe
  • US LNG to Europe economics
  • US LNG - cash costs to Europe
  • LNG supply and regasification facilities for Europe

What's included

This report contains:

  • Document

    Europe LNG Supply - long term outlook H1 2016.xls

    XLS 695.00 KB

  • Document

    Europe LNG supply long-term outlook H1 2016

    PDF 409.30 KB

  • Document

    Europe LNG supply long-term outlook H1 2016

    ZIP 574.83 KB

  • Document

    Executive summary

    PDF 78.71 KB

  • Document

    Recent trends

    PDF 85.08 KB

  • Document

    LNG capacity

    PDF 207.19 KB

  • Document


    PDF 105.28 KB

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