The key driver of LNG growth in 2015 was new Australian supply. In 2016 we expect output to continue rising with first LNG from the USA a key driver. By 2020 we expect global supply to rise by 49% as further projects in both these countries are brought onstream. We expect most projects targeting Final Investment Decision (FID) in 2016 to be delayed although some projects will proceed. We assume new US LNG projects will be delayed with buyers' appetites for Henry Hub linked LNG subdued. Beyond 2017 the prospects for new pre FID supply become even bleaker. By 2024 however we expect the market for new supply to have improved and we forecast global LNG supply to have more than doubled between 2015 2035.