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Global short-term LNG supply tracker (Q3 2023)
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Report summary
Global LNG run rates have remained flat in August, at around 85% of nameplate capacity. Sakhalin-2 has successfully returned from maintenance, while Yamal LNG is conducting the second half of its summer turnaround, in line with our expectations. Peru’s upstream production has ramped up, after halting in mid-July. The potential for industrial action at Gorgon and Wheatstone in Australia creates a supply risk for September, but ultimately both parties will be incentivised to minimise duration.
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