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Global LNG supply tracker Q3 2017: legacy production outperforms


Global LNG supply tracker Q3 2017: legacy production outperforms

Report summary

New projects in the US and Australia boosted LNG output in the first half of 2017. But the surprise came from legacy Atlantic producers where performance improved significantly. This is set to continue in 2018. New fields will be commissioned in Trinidad, Oman, Angola and Egypt, boosting production by more than 5 Mt in 2018.

Global LNG output will surge to 324 Mt (+10%) in 2018. Signals are positive for new trains to start producing close to schedule, sowing the seeds for strong production through winter 2017-18. However, we are more cautious on delivery of further projects through 2018, which are already subject to some delays.

We expect LNG over-capacity to exacerbate in 2019. US offtakers will start turning to the European market on a greater scale. We expect some curtailment of output in response to lower prices, especially in the summer of 2019.

What's included?

This report includes 2 file(s)

  • Global LNG supply tracker Q3 2017: legacy production outperforms PDF - 1005.31 KB 15 Pages, 3 Tables, 11 Figures
  • Global LNG supply tracker Q3 2017.xls XLS - 804.50 KB

Description

This LNG Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

If you want to look at the trends, risks and implications of this topic, this report gives you an alternative point of view to help inform your decision making.

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.

  • Key Data
  • Highlights: legacy production outperforms amid new trains ramping up
    • Downside risks around our view
    • Upsides to our view
  • Asia-Pacific LNG supply
    • Australia
    • Brunei
    • Indonesia
    • Malaysia
    • PNG
    • Russia East
    • Peru
  • Key changes to Middle East and North Africa (MENA) supply
    • Oman
    • Qatar
    • UAE
    • Yemen
    • Egypt
  • Key changes to Atlantic supply
    • Russia West
    • Nigeria
    • Algeria
    • Cameroon
    • Equatorial Guinea
    • Angola
    • Trinidad
    • US

In this report there are 14 tables or charts, including:

  • Key Data
    • Global LNG supply tracker Q3 2017: legacy production outperforms: Image 1
    • Global LNG supply tracker Q3 2017: legacy production outperforms: Image 2
    • Global LNG supply
  • Highlights: legacy production outperforms amid new trains ramping up
    • Global LNG supply tracker Q3 2017: legacy production outperforms: Image 3
    • Global LNG supply and y-o-y changes
    • Global LNG supply tracker Q3 2017: legacy production outperforms: Image 5
    • Recent Project start-ups
    • Global LNG supply tracker Q3 2017: legacy production outperforms: Table 3
  • Asia-Pacific LNG supply
    • Global LNG supply tracker Q3 2017: legacy production outperforms: Image 6
    • Global LNG supply tracker Q3 2017: legacy production outperforms: Image 7
  • Key changes to Middle East and North Africa (MENA) supply
    • Global LNG supply tracker Q3 2017: legacy production outperforms: Image 8
    • Global LNG supply tracker Q3 2017: legacy production outperforms: Image 9
  • Key changes to Atlantic supply
    • Global LNG supply tracker Q3 2017: legacy production outperforms: Image 10
    • Global LNG supply tracker Q3 2017: legacy production outperforms: Image 11
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