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11 Pages

LNG: 2016 in review


LNG: 2016 in review

Report summary

In 2016, a wall of LNG came online – 8 trains, with capacity of 34 mmtpa were commissioned – in Australia, the US and Malaysia. However, growth in actual supply was more modest, with supply increasing 5.5% to 264 mmtpa. Supply increases, created a more bearish price environment, with Asia spot LNG hovering around $4.5/mmbtu at times during the first half of 2016


What's included?

This report includes 2 file(s)

  • LNG: 2016 in review PDF - 1.03 MB 11 Pages, 0 Tables, 12 Figures
  • LNG 2016 in review.xls XLS - 574.50 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.

  • Executive summary
  • Supply continued to ramp up, but project deferrals mounted in 2016
    • 8 trains - 34 mmtpa in capacity – came online, primarily from the US and Australia
    • 2016 was the slowest year for FIDs since 2008, but some projects gained momentum
    • Pre-FID capacity deferrals or cancellations mounted
    • M&A was focused on low cost plays
  • The LNG industry looks to FSRU’s to absorb supply overhang
    • Colombia and Jamaica joined the LNG club in 2016
    • The race is on for first operational FSRU in West Africa
    • Kuwait outlined plans for the first onshore regas terminal in the Middle East
    • New terminals operational in France, Malta, Poland and Turkey
    • FSRUs expanded market access to Asia's emerging LNG markets
  • Trade: China and emerging markets surged; Americas LNG trade shifted as the US exported LNG
    • The Middle East, emerging Asia + China offset declines in NE Asia
    • New US LNG supply takes its time to cross the Pacific
    • Hydro pushes out LNG in Brazil, but Brazil's Northeast will be a bright spot for LNG
    • Europe: plug pulled on global LNG sink
  • Shipping: fleet grows faster than trade despite delayed deliveries

In this report there are 12 tables or charts, including:

  • Executive summary
    • LNG: 2016 in review: Image 1
    • LNG supply by country in 2016
    • LNG imports by country in 2016
  • Supply continued to ramp up, but project deferrals mounted in 2016
    • Australian LNG exports
  • The LNG industry looks to FSRU’s to absorb supply overhang
    • Combined FSRU imports v selected countries
    • FSRU imports by country, 2016
  • Trade: China and emerging markets surged; Americas LNG trade shifted as the US exported LNG
    • LNG prices – Asia contract, Japan LNG spot, NBP
    • NE Asia LNG imports
    • Middle East and Indian sub-continent LNG imports
    • Sabine Pass LNG exports by destination
  • Shipping: fleet grows faster than trade despite delayed deliveries
    • LNG freight rates vs orders vs deliveries
    • LNG vessel deliveries vs fleet growth
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