Global gas and LNG: 5 things to look out for in 2016
The impact of low oil and coal prices will continue to dominate global gas and LNG markets in 2015, while the growing availability of LNG is helping change the corporate balance. Here we consider 5 things that Wood Mackenzie will be following closely in 2016. This includes LNG growth, from projects under construction and those we believe will take project sanction over the next 12 months; the changing dynamics of European spot price setting as it impacts US LNG; protectionism of Chinese coal and gas sectors impacting future gas prices globally; the growing importance of LNG customer access through regasification development; and contract sanctity as more buyers seek concessions.
Table of contents
1. LNG supply growth.
2. Gas displacing coal in Continental Europe but no shut-in of US LNG
3. Chinese protectionism
4. Access to customers, including regasification capacity, becomes King