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With November snow falling in Tokyo for the first time in 54 years a cold NE Asian winter will bring a much needed demand boost, to a market increasingly awash with new supply. However, with LNG production in 2017 forecast to be up 10.6% at 290 Mt, spot LNG prices will soon come under pressure.
Higher global LNG supply will result in European LNG imports doubling in 2017 to 50 bcm (36 Mt), and utilities struggling to offtake their annual ToP commitments from Russian contracts. This will result in subdued European spot prices and, with increasing Henry Hub prices, in some US LNG being uneconomic. For many in the industry there will be some stark choices to be made in 2017.
What's included?
This report includes 3 file(s)
LNG short-term trade and price outlook (Q4 2016) PDF - 417.08 KB 14 Pages, 0 Tables, 15 Figures
Appendix - LNG Short-term trade outlook Q4 2016 - Country demand details .pdf PDF - 310.01 KB
LNG short term trade and price outlook Q4 2016.xls XLS - 913.50 KB
Description
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.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Commodity market report | Nov 2016
LNG short-term trade and price outlook (Q4 2016)
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