Commodity Market Report

Global gas markets long-term outlook 2018: LNG Supply

Giles Farrer

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What's inside? 

You'll get in-depth analysis of global gas markets, including the factors that are likely to have the greatest influence on supply and demand. Our experts also share their near-term FID forecasts and longer term global LNG build forecasts. 

This report also comes with charts and data sets, including this analysis of nominal LNG capacity, which takes into account 54 projects in 19 countries. chart shopwingL: Global LNG supply is currently spread across 54 projects from 19 countries. The largest supplier in the world is Qatar, with other key regional players like Indonesia and Malaysia in South East Asia and Nigeria and Trinidad in the Atlantic. The market is presently going through a period of rapid growth, supply grew by 12% in 2017 and by around 8% in 2018. The key growth markets have been Australia and the US, with Russia's Arctic Yamal LNG project also adding significant new capacity. 

The outlook for global LNG supply in bullish. Production has already grown strongly over the last two years, as new facilities have been commissioned in Australia, Russia and the USA. But 2019 is likely to be a record year for the industry, with production set to grow faster than ever before and more capacity set to take FID than before too.

Table of contents

  • Executive summary
    • Near term forecast: 2018-2023
    • Post-2023 outlook and prospects for pre-FID supply
      • Global LNG supply-demand (im)balance*
      • For the latest cost LNG cost stacks – please see the Global Gas Cost report or Wood Mackenzie's LNG Service and Tool

Tables and charts

This report includes 7 images and tables including:

  • LNG nominal capacity (existing and under construction) by source country
  • Global LNG Capacity
  • Supply: Image 3
  • LNG FID Historic and Forecast (2019 Forwards)
  • Pre FID Supply Forecast by Country
  • Pre FID Supply Forecast High and Low Cases
  • Full LNG Supply Flow Forecast by Country

What's included

This report contains:

  • Document

    Global gas markets long-term outlook 2018: LNG Supply

    PDF 763.78 KB