Insight
Global LNG supply tracker Q3 2019: more supply to come, but growth is slowing down
Report summary
The record growth in LNG supply in Q2 contributed to the global oversupply situation and to gas prices dropping to multi-year low levels. While LNG output is expected to reach 364 Mt of LNG in 2019 (+38 Mt year-on-year), growth will slow down over 2020-21 as the final trains in the US are delivered. Despite this, the global market will tread on thin ice in summer 2020. Low LNG prices could put pressure on suppliers to flex output and create a utilisation risk for US LNG.
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
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Key changes to Asia-Pacific LNG supply
- Australia
- Brunei
- Indonesia
- Malaysia
- PNG
- Russia East
- Peru
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Key changes to Middle East and North Africa (MENA) supply
- Oman
- Qatar
- UAE
- Yemen
- Egypt
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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 15 images and tables including:
- Year-on-year supply growth
- Monthly global FOB supply (annualised)
- Global LNG supply (mmtpa annualised)
- Global LNG supply
- LNG supply – year-on-year season change
- Key changes and what to watch
- Asia-Pacific annual supply
- Asia-Pacific quarterly supply
- MENA annual supply
- MENA quarterly supply (annualised)
- Atlantic annual supply
- Atlantic quarterly supply (annualised)
- Global LNG supply and y-o-y changes
- Recent Project start-ups
- Projects under construction
What's included
This report contains:
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