Insight
Global LNG supply tracker Q2 2019: Australia to overtake Qatar as the largest LNG producer in the world in 2019
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The faster than expected ramp-up of Ichthys and the imminent start-up of Prelude FLNG means Australia is forecast to produce 79.8 Mt of LNG this year and overtake Qatar as the largest LNG producer in the world. In the US, new plants have lined up to produce first cargo over coming months. Commissioning activities started at Corpus Christi T2 while feedgas was introduced at Elba Island, Cameron T1 and Freeport T1. This steady increase in supply of +38.5 Mt (12% y-o-y) in 2019 and +26 Mt (7% y-o-y) in 2020 will continue to weigh on prices. Some of the output will be at risk of supply response, particularly in summer 2020.
Table of contents
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Highlights
- Downside risks to our view
- Existing producers
- New projects
- Upside risks to our view
- Existing projects
- New projects
- Australia
- Brunei
- 10 more item(s)...
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Key changes to Atlantic supply
- US East
- Trinidad and Tobago
- Argentina
- Russia West
- Nigeria
- Algeria
- Cameroon
- Equatorial Guinea
- 1 more item(s)...
Tables and charts
This report includes the following images and tables:
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Monthly global FOB supply (annualised)Global LNG supply (mmtpa annualised)Q2 2019 key changes and things to watch
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Global LNG supplyLNG supply – year-on-year season changeAtlantic annual supplyAtlantic quarterly supply (annualised)Global LNG supply and y-o-y changesRecent Project start-upsProjects under constructionAsia-Pacific annual supplyAsia-Pacific quarterly supply
- 2 more item(s)...
What's included
This report contains:
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