Commodity Market Report
Global gas markets long-term supply outlook - North America LNG - H2 2015
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Report summary
US LNG capacity is scheduled to ramp up from 14 liquefaction trains, each around 4.5 – 5.0 mmtpa capacity, over the next four years. This rapid capacity build in combination with additional Australian supply and a weaker demand outlook could see some US LNG capacity shut in during the early years of production. The global oversupply is also expected to delay the start of a second wave of US LNG to 2024, compared to 2022 in our H1 2015 forecast, although long-term, the outlook remains one of strong growth.
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