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How low prices will hit legacy LNG producers worldwide


How low prices will hit legacy LNG producers worldwide

Report summary

Due to the oil price and our lower for longer spot LNG price outlook, proposed LNG projects are being deferred. However, little attention has been given to the effects of low prices on those projects which have been producing for years.

So what are the risks facing legacy LNG projects in the current environment? Low prices and capital restrictions put the sustainability of upstream operations in key supply provinces, like Nigeria, at risk. In addition, the deferral of some contracted LNG deliveries presents other producers, particularly in South East Asia, with a dilemma - produce now at low prices or in a higher price environment in the future. Consequently, we have downgraded our forecast of production in some key provinces by 4.6 mmtpa LNG in 2020, and see further downside risk.

This Insight is available as a slide pack in the Downloads section of the report.

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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.

  • How low prices will hit legacy LNG producers worldwide
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