There is a widening range of suppliers democratising access to lng supply, not least infrastructure developers in the us. Gas is a key source of energy in europes1 energy supply mix. Europes role in the global lng market, the asian buyers perspective on market changes, the growth of small scale lng, production. Aug 16, 2017 entered into a longterm lng sale and purchase agreement with pt pertamina persero commencing in 2019 to supply up to 1. Sep 04, 2015 wood mackenzie s view is that the global lng market does not need all this lng at the pace proposed and, as companies confront this reality, a raft of project postponements will follow, tomnay. Wood mackenzie lng tool, q4 2016 reconciliation action plan approach woodside is demonstrating its commitment to reconciliation outcomes by publishing a multiyear strategy 20162020 reconciliation action plan rap. With each new report, youll get access to a full set of data files and a slide deck discussing the hottest trends. The main deliverable is now in a presentation format. Wood mackenzie strong producer with highquality resource. Under construction demand supply pacific basin atlantic basin pacific basin atlantic basin intl.
Shell interpretation of ihs lng waterborne trade, liquefaction projects database and wood mackenzie q4 2016 data 265 100 150 200 250 300 350 400 2006 2008 2010 2012 2014 2016 2018 2020 delivered volume. Yichen du and sergey paltsev abstract the introduction of liquefied natural gas lng as an option for international trade has created a market for natural gas where global prices may eventually be differentiated by the transportation costs between world regions. Elba island lng export coral flng prelude flng tangguh phase 2 freeport train 3 freeport train 2 sabine pass export train 5 cove point export freeport train 1 ichthys corpus christi lng cameron lng export yamal lng contracted supply from liquefaction projects under construction main sources. This greater global production will combine with stable but slowing down demand in asia, the biggest lng market in the. Lng projects still moving toward oversupply, wood mackenzie says. Wood mackenzie did not provide a demand or price view as part of the. In 2019, the global lng market relied heavily on europe to absorb. Prodevelopment policies could increase oil and gas production by 8 mmboed whereas regulatory constraints could. Volume and number of cargos are the cumulative totals of each individual country of destination by region starting. The company plans to build a threetrain liquefaction facil. On liquefied natural gas lng 17 access to gas revisiting the lng industrys big challenge by. Lngc liquefied natural gas carrier, vlec very large ethane carrier, fsru floating storage and regasification unit, rv regasification vessel, flng floating liquefied natural gas,ulcs ultra large container ships 1 including a lngc order conversion into a fsru order 2 subject to agm approval 7. During the half we completed the first major turnaround at pluto lng since the start of operations in 2012. The european gas market and the outlook for lng demand in europe.
China has the largest market for trucked lng in the world, a report from consultant group wood mackenzie found. It represents the european gathering of the lng community and sets the agenda before the main conference kicks off. Wood mackenzie has estimated that a development of scarborough via infrastructure at burrup would be one of the lowest cost prefinal investment decision lng projects in the world. Uk shipment of lng demonstrated that large quantities of lng could be transported safely across the ocean, opening the door for what would become the global lng industry. Development corporation has engaged wood mackenzie to undertake an analysis of the competitiveness of the alaska lng project the analysis undertaken relies on wood mackenzies own internal. Wood mackenzie demand of top5 lng importing countries 23 of imports grew by 11% in 2017 vs. Apr 03, 2017 lng output could grow by more than 100 mt by 2020 to more than 360 mt. Investors are urged to consider closely the disclosure in our form 20f, file no 1. The forecasts all follow similar paths of a steady increase in prices, but the growth is obviously higher in some cases than in others. Lake charles lng export company llc is a whollyowned subsidiary of energy transfer lp.
Gas prices to drop as lng fids hit record figures in 2019, lng world news. The opinions, as of this date, are subject to change. Wood mackenzie is the most comprehensive source of knowledge about the worlds energy and metals industries. Lng shortterm trade and price outlook q4 2019 wood mackenzie. We do not accept any liability for your reliance upon them. Energy market models at wood mackenzie applications and. Investors are urged to consider closely the disclosure in our form 20f, file no 1 32575. Then came australias recent wave of lng investment. Coal to gas switch, especially in china due to environmental considerations and lng competitiveness vs. Lng supply growth backed by committed liquefaction projects australia is the game changer for lng production post 2015 with approximately 50% of new potential liquefaction capacity 17 source. Investors are urged to consider closely the disclosure in our form 20f, file no 2575. With each new report, youll get access to a full set of data files and a slide deck discussing the. With over 200 attendees, the lng summit is a conference in its own right.
Information administration eia, bentek, and wood mackenzie, covering nine different scenarios. Changing industry dynamics four years on from cheniere first stating that it would seek to export lng. This document outlines the outcomes woodside is committed to achieving over the next five years. Prior to wood mackenzie, saul worked with australias largest oil and gas company, woodside. In general, the eia reference case has the lowest prices of the four base. Api has requested wood mackenzie to investigate the impact of potential changes to various oil and natural gasrelated policies at both a federal and state level the positive impacts of a series of prodevelopment policies have been evaluated. Energy analysts at wood mackenzie, however, dont share the concern.
Shell interpretation of wood mackenzie q4 2018 data. Shipments of domesticallyproduced lng delivered by country cumulative from february 2016 through february 2019 note. The planned turnaround will support continued safe, reliable and efficient production at pluto lng for many years into the future. We analyse and advise on every stage along the value chain from discovery to delivery, and beyond to provide. At nearly 20 million tonnes per annum mmpta of lng it would be largest single project to reach fid, according to wood mackenzie, and take total lng. Woodside has already flagged the scarborough development will likely be. The greater middle east energy paradox consists of resource abundance and export opportunities on the one hand, and rising domestic demand and lng imports on the other. Wood mackenzie 20102011, fge 2011, cera 2011, gdf suez lng 2011 22092011 it is feast or famine in the lng business. Woodmac presentation for ncci summer trade seminar. Shell interpretation of wood mackenzie q4 2016 data. Executed midterm lng sale and purchase agreements for up to 16 cargoes from woodsides portfolio for delivery in the period 2017 2019. The market for north american lng within the pacific is limited and projects. They have been arrived at following careful consideration and enquiry but we do not guarantee their fairness, completeness or accuracy.
Bmi, wood mackenzie, giignl 1 includes only gas and gascondensate fields and excludes direct holdings by the government 2 offshore transportation includes jvs between iocs and petrovietnam. Global lng outlook emerging market demand growth continues europe to provide swing demand due to market access and flexibility future supply gap. Lng is the fastest growing gas supply source lng provides new form of energy security unprecedented lng capacity expansion 45% complete global lng market continues to defy expectations 29 mt increase in lng imports in 2017 lng accommodates china growth and seasonal demand spot prices continue to reflect strong demand for lng. Global lng supplydemand outlook market conditions favorable for buyers the shale gas revolution in the u. We are pleased to release this latest version of the lng contract and tender trends report. Its a remarkably resilient community, as is evident every time we face a severe weather event in the pilbara. After all, why would the worlds seventh largest oil producer the united arab emirates 1.
Overview of global lng markets asia pacific context. Wood mackenzie 4q lng tool only includes lng supply existing or under construction global lng demand mmtpa china india japan korea taiwan europe other rest of asia global supply supply opportunity lng market oversupply in midterm supply gap developing around 2025. There is reason to believe that recordhigh chinese demand for lng will continue to support the lng market, projects firm wood mackenzie. Hoegh lng the floating lng services provider first quarter 2012 presentation of financial results. The year 2019 has seen asian spot lng prices more than halve to. That resilience is going to help us get through the challenges posed by the.
Onethird of new lng supply growth already online lng volume set to expand 50% from 2014 to 2020 8 source. S the recession in 2009 the large expansion of lng. Development corporation has engaged wood mackenzie to undertake an analysis of the competitiveness of the alaska lng project the analysis undertaken relies on wood mackenzie. Mar 19, 2020 our latest quarterly assessment of lng contract and tender trends. Lng contract and tender trends report wood mackenzie. Our latest quarterly assessment of lng contract and tender trends. Wood mackenzie lng tool and exxonmobil analysis see supplemental information. Global lng demand growth is forecast to be robust, driven by the. Strong producer with highquality resource largest natural gas producer in louisiana over 20 tcf resource to fill our gathering pipeline longterm 7 drilling rigs with bestinclass safety record.