Insight
LNG: 2018 in review
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
2018 was a confidence boosting year for LNG. LNG trade increased 9% with new supply from Russia, the US and Australia driving the increase which was absorbed by surging Chinese demand and replenishing storage in Japan and Korea. Buoyed by rising demand and strong gas and LNG prices, three liquefaction projects took FID with many other pre-FID projects building momentum and signing sales contracts. Although prices weakened towards year end, driven by a well supplied market, we expect momentum to be maintained into 2019 with increasing Asian imports and a record year for liquefaction FIDs on the cards.
Table of contents
- LNG: 2018 in review
- Executive Summary
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LNG Supply
- Russia: NOVATEK looks to build on Yamal success
- Middle East: Qatar increases expansion plans as it steps out of OPEC
- Africa: Strong year operationally, continues to build FLNG portfolio
- Australasia – Ichthys ramps up as Australian LNG wave levels off
- North America – Canada rocks up to LNG table, US Gulf Coast ramping up production
- Latin America - Trinidad production on the up after years of decline
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Gas and LNG Pricing
- Henry Hub - 3 remains the magic number
- JKM - Oil price volatility reflected in JKM prices
- NBP - Highest monthly average prices since 2013
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LNG Trade
- China and South Korea - Environmental policies continue to drive LNG demand up
- Japan and Taiwan - Nuclear continues to dictate ebb and flow of LNG imports
- South Asia - LNG imports rising but sentiment towards LNG is flagging
- South East Asia - Economic growth drives LNG import growth
- Middle East and North Africa - Egypt becomes self sufficient in gas
- Americas - Mexican LNG imports to dwindle on US piped supply
- Europe - weak Asian demand pushes volumes to NW Europe
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LNG Regas and New Markets
- FSRUs - A backward step for the FSRU market
- China - Regas in North Eastern China showing high utilisation
- Taiwan – Taipower regas plans firm up
- South Asia - Delays and cancellations to new projects hampering additional growth
- Australia - Looks to LNG imports for isolated East Coast gas market
- Europe - Germany looks to LNG imports for diversification
- LNG Shipping
- LNG Corporate and Contracts
Tables and charts
This report includes the following images and tables:
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LNG Supply Growth in 2018LNG Import Growth in 2018Ship orders, deliveries and charter-rates
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Panama Canal LNG TransitsSanctioned Capacity by yearTop 10 LNG Producing Countries 2018Gas and LNG Price HistoryChina LNG Imports by regionEuropean LNG Imports by regionTop 10 LNG Importing Countries 2018Regas projects that came online and reached FID in 2018
What's included
This report contains:
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