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
-
Highlights
- Downside risks to our view
- Existing producers
- New projects
- Upside risks to our view
- Existing projects
- New projects
- Australia
- Brunei
- Indonesia
- Malaysia
- PNG
- Russia East
- Peru
- Oman
- Qatar
- UAE
- Yemen
- Egypt
-
Key changes to Atlantic supply
- US East
- Trinidad and Tobago
- Argentina
- Russia West
- Nigeria
- Algeria
- Cameroon
- Equatorial Guinea
- Angola
Tables and charts
This report includes 14 images and tables including:
- Monthly global FOB supply (annualised)
- Global LNG supply (mmtpa annualised)
- Q2 2019 key changes and things to watch
- Global LNG supply
- LNG supply – year-on-year season change
- Atlantic annual supply
- Atlantic quarterly supply (annualised)
- Global LNG supply and y-o-y changes
- Recent Project start-ups
- Projects under construction
- Asia-Pacific annual supply
- Asia-Pacific quarterly supply
- MENA annual supply
- MENA quarterly supply (annualised)
What's included
This report contains:
Other reports you may be interested in
Insight
Global LNG supply tracker Q2 2018: flat Pacific supply supports tight summer market
Supply growth will be concentrated over the next two winters
$1,050
Insight
Global LNG supply tracker Q2 2017: Are the trains on time?
The start up of 7 new LNG trains will see 28 Mt of additional LNG supply looking for a home in 2017. Includes supply tracker info graphic.
$1,050
Commodity Market Report
Global short-term LNG demand tracker (Q3 2023)
Global LNG demand to stay muted before winter withdrawals due to higher than the seaonal inventories in key markets.
$2,650
