Commodity Market Report
Global gas markets long-term outlook H2 2018: Base Case
Report summary
Our global gas and LNG outlook continues to strengthen. Prospects for Asian LNG demand growth have improved again, while at the same time Europe will need more imports to satisfy demand. However in 2019 and 2020 the global LNG market is still expected to struggle to absorb the huge increase in LNG supply and as a result prices will soften. But by 2023 as the first wave of US LNG supply plateaus and LNG demand continues to increase, the market will tighten again, a year earlier than previously anticipated. Nevertheless, in the early 2020s we still expect Asian LNG demand growth to slow. And as LNG developers are gearing up to take FIDs on more than 100 mmtpa of new capacity, launching a new wave of supply, we think more supply will be developed than the market will require by 2025. Are we going to see another global LNG oversupply? The Global Gas Service Base Case report provides an overview of our H2 2018 outlook and price fundamentals.
Table of contents
- Other H2 2018 Global Gas Service reports:
-
Pacific Basin - LNG
- LNG imports
- Middle East
- LNG exports
-
Atlantic Basin - LNG
- Europe
- LNG imports
- LNG exports
-
Americas
- LNG exports
- LNG exports
- North America
- Europe
- Brent oil price forecast (H1 2018)
-
Coal price assumption
- China reform and two contradictory stressors
- The outlook for coal prices
-
Carbon price assumption
- European carbon price
- US carbon prices
Tables and charts
This report includes 24 images and tables including:
- European prices, Henry Hub and US LNG cash costs
- Global price differentials
- Shipping costs
- Global LNG supply-demand (un)balance
- Global LNG supply and demand delivered to Japan (2030)
- Oil price forecast (Brent crude)
- Pacific and Middle East LNG demand by market
- Pacific uncontracted demand by market
- Pacific LNG contestable demand & competing available supply
- Pacific LNG demand and supply
- Pacific LNG flows by source
- Global LNG availability and Pacific/ME market
- Net LNG available to Atlantic
- Europe supply-demand gap - Contracted volumes
- Europe supply-demand gap - Uncontracted volumes
- Russia pipe vs LNG imports to Europe
- Europe import dependence
- Europe supply-demand balance
- North America LNG imports
- South America LNG imports
- US Lower 48 exports by destination
- Canada LNG exports
- Coal price forecast
- Carbon (EUA) price forecast
What's included
This report contains:
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