Commodity market report
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12 Pages

LNG short-term trade and price outlook (Q2 2016)

LNG short-term trade and price outlook (Q2 2016)

Report summary

The global LNG market remained finely balanced through winter 2015/16, with Asian spot prices declining in line with oil prices. The market is moving into a period of oversupply. Overall Asian demand will grow in 2016, but only back to the levels seen in 2014. India is a key driver of growth, with demand responding to low prices. As a result, Japan's LNG price is now linked to that received in India, which is in turn linked to European prices.

In Europe, gas demand will grow as a result of coal capacity closure and increased coal to gas switching. LNG imports are expected to grow in Northwest Europe next winter, as it absorbs the surplus supply coming online.

Included in the report are global LNG balances; 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 (Q2 2016) PDF - 353.37 KB 12 Pages, 2 Tables, 15 Figures
  • Appendix LNG short-term trade and price outlook (Q2 2016) - Country supply and demand details.pdf PDF - 265.52 KB
  • LNG short-term trade and price outlook (Q2 2016).xls XLS - 692.50 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
    • Europe gas highlights
  • Supply-demand balances
    • Introduction
    • Global LNG fundamentals
      • LNG supply
    • LNG imports
      • Pacific
      • Atlantic
      • Pacific spot prices (Japan, DES)
      • European gas fundamentals
        • Key data
    • 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
    • Supply-demand balances: Table 1
    • Storage inventories*
    • Russian imports
    • Gas prices
    • Gas demand response – Coal to gas switching*
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