Commodity market report
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12 Pages

LNG short-term trade and price outlook (Q1 2016)

LNG short-term trade and price outlook (Q1 2016)

Report summary

The northern hemisphere winter provided little support to gas prices, which have continued to fall. Prices will fall further, as new supply enters a market reeling from falling demand in the two largest LNG markets of Japan and South Korea. We forecast that Asia spot LNG prices will fall below fuel-oil parity and find a floor at European prices, which in turn will be testing coal-to-gas switching levels.

Included in the report are global LNG balances (exports, gross imports, re-exports and net demand); forecast spot prices of Pacific LNG; European gas balances; and forecast gas spot prices in Northwest Europe and the USA. It is complemented by a global LNG supply-demand balance spread sheet with country granularity and our forecast for spot prices.

What's included?

This report includes 3 file(s)

  • LNG short-term trade and price outlook (Q1 2016) PDF - 386.39 KB 12 Pages, 2 Tables, 15 Figures
  • Appendix LNG short-term trade and price outlook (Q1 2016) - Country supply and demand details.pdf PDF - 256.42 KB
  • LNG short term trade and price outlook (Q1 2016).xls XLS - 611.50 KB


As global energy demand rises, the market for liquefied natural gas (LNG) continues to expand. Set to increase by 50% between 2015 and 2020, the LNG market is one of the fastest growing in the world. This spectacular growth is transforming the market, with many new companies entering the sector and changing the industry landscape.

This LNG Short Term Outlook report provides an overview of LNG in the gas market.

LNG market participants and advisers can use this report to better understand the long-term role of this market in the global LNG business.

Offering bottom-up market analysis for over 150 LNG supply assets, 28 LNG-importing countries and more than 500 LNG contracts, Wood Mackenzie is the definitive and trusted resource for the LNG industry. We use our robust database and expert industry knowledge to help you understand the dynamics of the global LNG industry and identify emerging trends and opportunities.

  • Executive summary
    • LNG supply highlights
    • LNG demand highlights
    • Europe gas highlights
    • Price outlook/ supply-demand balances
  • Supply-demand balances
    • Introduction
    • Global LNG fundamentals
      • LNG supply
    • LNG imports
      • Pacific
      • Atlantic
      • Pacific spot prices (Japan, DES)
      • European gas fundamentals
        • Gas demand
    • Gas supply
    • Flexible supply
    • European spot prices (NBP)

In this report there are 17 tables or charts, including:

  • Executive summary
    • Key market data
    • Henry Hub, Japan LNG spot and NBP
    • Spot prices and shipping differentials
  • Supply-demand balances
    • Global LNG supply
    • LNG supply - year-on-year-change
    • Asia net LNG imports
    • Asia net LNG imports - year-on-year change
    • Americas, MENA and European net LNG imports
    • Americas, MENA and European net LNG imports - year -on-year change
    • Asian LNG - year-on-year change
    • Global LNG (excl. Northwest Europe) – year-on-year change
    • Japan LNG spot price
    • Key data
    • Storage inventories*
    • Russian imports
    • Gas prices
    • Gas demand response – Coal to gas switching*
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Questions about this report?

Frequently Asked Questions
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