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Global short-term LNG supply tracker (Q4 2020)
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Report summary
Winter LNG production has recovered as quickly as it dropped this summer. However disruptions have intensified too and weigh on output. In this update, we review: - From summer lows to winter highs: around 15 Mt of LNG was curtailed over summer due to low prices. As the market recovered into winter, facilities bounced back to full production in no time. - From under-utilisation to disruptions: however not all facilities thrive this winter. An unprecedented level of unplanned downtime will spill over 2021. - From price response to a more balanced market: global LNG supply growth looks strong in 2021 (with +17 Mt compared to 2020). However much of the year-on-year growth is “artificial” as it is a result of existing trains not running in 2020. Only three trains will start in 2021.
Table of contents
- Winter LNG production has recovered as quickly as it dropped this summer. However disruptions have intensified too and weigh on output
- Related reports
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