A businessasusual trend estimate, given known technology and technological and demographic trends. The international energy outlook 2016 ieo2016 presents an assessment by the u. Get started absolutely free in 2 minutes, no credit card required. Begcee flower, lng supply outlook 2016 to 2030, page 2.
New york, april 6, 2016 prnewswire 2016 global outlook of the oil and gas industry. Oversupply in the international lng market will expand further in the coming years. In drewrys latest lng forecast and cited by lng world shipping on thursday, analysts estimate some 125 million metric tons of new production. Strong demand for cleanerburning fuel in asia continued to drive rapid growth in liquefied natural gas lng use in 2018, with global demand rising by 27 million tonnes to 319 million tonnes, according to shells latest lng outlook. But according to bdos 2016 energy outlook survey, energy cfos are expecting still more difficult times ahead. Lng industry outlook in north america to 2020 capacity. For example, in just one years time, compared to its annual energy outlook 2015, eias annual energy outlook 2016 upped its projection for u.
Energy information administration eia of the outlook for international energy markets through 2040. Lng supply outlook 2016 to 2030 bureau of economic geology. The shell lng outlook assesses the global market for liquified natural gas. Download a copy of the tenth in the series of dnv gls industry benchmark survey. Over the next two years, significant new export capacity in the pacific basin. Lng has long demonstrated strong demand growth relative to natural gas and other fossil fuels. Mar 25, 2016 published on mar 25, 2016 shane mullins, industrial infos vp of product development for energy markets, discusses the future of the u. Statista dossier on the global liquefied natural gas industry. The bulk of growth in lng exports in 2016 came from australia, where exports increased. Lng supply outlook 2016 to 2030 university of texas at. Lng market trends and their implications global lng hub. An uptick in commodity prices, combined with two years of supply cost cuts, created some room to get financial houses in order and invest in production growth in 2017.
Provisions in spas that require payment for contracted volumes acq regardless of whether buyers take them. Identifying key drivers and questions for an industry in flux, details a strengths, weaknesses, opportunities, and threats swot analysis, as well as seven key factors that we expect to affect the lng industry over the next decade. The projects currently planned for australia account for nearly a third of the projected global increase of 18 bn cfd in lng export capacity between now and 2020, and almost twothirds of the likely increase in actual demand. Ppt india lng industry outlook powerpoint presentation. Lng carriers market growth, trends, and forecast 2020 2025. The outlook for lng demand is set to grow at twice the rate of gas demand, at 4 to 5% a year between 2015 and 2030. The lng outlook highlights the critical role of gas in the transition to a lowcarbon future. Currently, companies in the industry continue to face tough challenges of shaping their strategies to rapidly changing global dynamics. By the end of 2018, lng supply will have grown by an impressive 70 mt, or 29%, over just three years. Strong growth in lng supply in 2016, onethird of new supply online. The aeo2016 full version, including additional cases and discussion, will be released july 7, 2016. Nov 20, 2019 this statistic displays the regasification utilization rate of liquefied natural gas lng worldwide in 2016, by region. However, demand growth has been more robust than predicted, supported by.
This statistic displays the regasification utilization rate of liquefied natural gas lng worldwide in 2016, by region. The lng industry in 2016 giignl 2017 annual report gas. Lng industry outlook in north america to 2020 capacity and. The longest voyage undertaken in 2018 was from sabine pass lng to sakai, japan around the cape of good hope a distance of 15,520 nm, with the shortest voyage being a more traditional route from algeria to spain, at nm. Indonesia has been an important liquefied natural gas lng player in the past 40 years. Global lng trends, outlook and business prospects 2017 to.
In its sixth consecutive year of growth, the lng trade increased by % to a total of 354. Lng industry outlook in north america to 2020 capacity and capital expenditure forecasts with details of all operating and planned terminals by published. The economist intelligence unit special reports provide executives with practical business information on macroeconomic events, country affairs and issues affecting industries. Free industry and industry reports from the economist. At that time, africa had the worlds largest lng regasification utilization.
May 22, 2016 for example, in just one years time, compared to its annual energy outlook 2015, eias annual energy outlook 2016 upped its projection for u. The leading international publication for the lng sector. Key drivers and outlook ii preface the lng industry has long regarded the asian markets of japan, south korea, taiwan, china and india as high growth importing markets, willing to sign long term contracts with price terms linked to crude oil prices. The market structure and trends for the asian liquefied natural gas lng market have evolved dramatically. You may download any of our latest brochures and publications. Cumulative financing of liquefied natural gas import and export companies 20162019. Mar 21, 2016 lng industry outlook in north america to 2020 capacity and capital expenditure forecasts with details of all operating and planned terminals by published. It highlights key trends from 2019 and looks ahead at possible future supply and demand. Jun 19, 2016 the first of a new wave of us export terminals began operating in early2016 with the commissioning of the first phase of cheniere energys sabine pass terminal on the gulf coast, the first of a series of lng facilities designed to enable the us to export more than 10 bn cfd by 2020. The lng industry in 2016 giignl 2017 annual report gas news. Lng market trends and their implications analysis iea.
Summary report by the technical study group on the behaviour of lng in storage tanks. Published every year based on objective data and dispassionate analysis, the world energy outlook weo provides critical analysis and insights on trends in energy demand and supply, and what they mean for energy security, environmental protection and economic development the first weo was published in 1977 and it has been an annual publication since 1998. Lng carriers market growth, trends, and forecasts 2020 2025. Longterm outlook for lng shipping is bright but vessel. Hydraulic fracturing is a method of injecting thousands of gallons of water, chemicals and sand. Eia forecasts that total working inventories will end march at almost 2. Edf have entered into a 20year spa for a supply of 1 million tpy of lng. A lot went right for canadas oil and gas industry in 2017 but the outlook for 2018 is less certain, according to jwns second annual industry outlook survey. The economic impact of lng exports on manufacturing and. Begcee flower, lng supply outlook 2016 to 2030, page 5 petroleum negotiators, aipn, provides a master spa model contract.
Lng market trends and their implications analysis and key findings. Investment in new fabrication facilities for the coil wound. Cumulative financing of liquefied natural gas import and export companies 2016 2019. To address the complicated and fastchanging lng industry and lay the foundation for this research paper, the cee team held two research seminars. Liquefied natural gas lng shell lng outlook 2020 global demand for liquefied natural gas lng grew by 12. As we, once again, move from one year to the next, how do we assess the oil and gas. Mar 09, 2018 noted lng expert andy flower collaborated with cee to provide his views on capacity expansion in liquefaction worldwide and implications for lng supplydemand and trade. Lng global regasification utilization rate by region 2016.
Lng industrys track record in qualifying new machinery, these. The world energy outlook series is a leading source of strategic insight on the future of energy and energyrelated emissions, providing detailed scenarios that map out the consequences of different energy policy and investment choices. Nov 09, 2016 the next several years will be difficult for producers of liquefied natural gas lng. Global lng trends, outlook and business prospects 2017. Outlook for gas market the institute of energy economics, japan. In 2016, deloitte embarked on a series of research papers to examine the current status and future prospects of the global lng industry, one of the fastest growing segments of the energy value chain. Lng demand growth from china, india and new entrants absorbed supply growth in 2016.
So with no exit strategy and just a door to go through, we await what is on the other side. The gastech exhibition and conference 2017 will bring together leading experts within the industry to discuss global issues and trends. Unique magazine that covers lng plant technology, shippingtransportation, regasification and small scale lng. Lng prices are expected to remain weak in 2016 lng and natural gas prices in the main markets will start the year between 35% and 45% lower than they were at the beginning of 2015 table 1. Finally, the future outlook for these vessels is promising due to emerging lng importers like india and philippines will use this option to import lng shortly 2016 2017. Massive cuts in upstream capex investment create challenges, but opportunities are ripe for those with. Retail lng handbook this first 2015 edition of the handbook on retail lng and the role of lng import terminals reflects giignls understanding of the retail lng market. Each report contains a broad overview followed by a detailed analysis of underlying issues, and forecasts to help you prepare for future trends. The survey was conducted from september through november 2015. Retail lng handbook this first 2015 edition of the handbook on retail lng and the role of lng import terminals reflects giignls understanding of the retail lng market and best current practices at the time of publication. The market structure and trends for the asian liquefied natural gas lng market have evolved dramatically since this fuel was introduced in the late 1960s. Lng industry outlook 2 india lng capacity is expected to increase from 22. Lng industry trends deloitte cis energy and resources. Sempra nears fid at costa azul lng 27 march 2020 the first phase is a midscale brownfield redevelopment requiring a quarter of the capex of a largescale greenfield gulf coast project.
Published on mar 25, 2016 shane mullins, industrial infos vp of product development for energy markets, discusses the future of the u. When added to the countrys existing capacity they will give australia a total of 11. The annual energy outlook 2016 aeo2016 early release features two cases. Therefore, this made china an important contributor in the global lng industrys development and prosperity. Gas strategies looks at the prospects for lng in 2016 and how players in the industry will respond to the challenges ahead. In the international lng market, demand will increase from 268 million tons in. The longest voyage undertaken in 2018 was from sabine pass lng to sakai, japan around the cape of good hope a distance of 15,520 nm, with. As a result of investment in canadas oil and gas industry to 2020, an average of 660,825 to 715,250 direct, indirect and induced jobs will be sustained annually.
The economic impact of lng exports on manufacturing and the. The full paper also incorporates considerations associated with lower oil, natural gas and delivered lng prices as well as the rapidly changing commercial and contracting scene. Venture global plaquemines lng and edf agree lng spa wednesday, 26 february 2020 09. Noted lng expert andy flower collaborated with cee to provide his views on capacity expansion in liquefaction worldwide and implications for lng supplydemand and trade. Contacts the international energy outlook 2016 was prepared by the u. Development of megaprojects crucial to indonesian lng. Jim diefenderfer, director, office of electricity, coal, nuclear, and. To download the tplng outlook report, please fill out the form below. Its domestic lng demand continues to grow at a fast pace in the near to medium term, in line with the countrys robust economic growth outlook and the commencement of gasfired power plants in the next decade. An annotated summary of two cases the annual energy outlook 2016 aeo2016 early release features two cases.
Our industry leading technical and analytical magazines are available by subscription. China and india were two of the fastest growing buyers of lng in 2016, followed by colombia, egypt, jamaica, jordan, pakistan and poland. In 2016, the previous government set a target of 2025 for private companies to be able to import lng and resell. For more information, the full report the lng industry in 2016 by giignl is available for download here. Is your organization prepared for the uncertainties, risks, and opportunities ahead. The market structure and trends for the asian liquefied natural gas lng market have. Paul holtberg, team leader, analysis integration team paul.
Lng carriers market growth, trends, and forecasts 2020. A challenging supplydemand outlook for lng producers. For more information on bdo usas service offerings to this. Dec 23, 2016 6 global lng capital expenditure outlook, 2016 2022 7 global floating lng industry outlook to 2022 8 global lng technology overview 9 global lng competitive landscape 10 key trends in asia pacific. Lng industry outlook in asia and oceania to 2020 capacity. Therefore, this made china an important contributor in the global lng industry s development and prosperity. In this edition, the report looks back on the key features of 2016 and how they may shape the lng industry. While traditional markets such as japan or korea have held their position as the largest consumers in the region, their domestic markets have. The bdo 2016 energy outlook survey is a national telephone survey conducted by market measurement, inc. The natural gas industry methane emissions challenge download. Key drivers and outlook oxford institute for energy studies. Each report contains a broad overview followed by a detailed analysis of underlying issues.
Download the second report in our fourpart series to revisit two past deloitte marketpoint papers and learn how the past drives the current global gas outlook. Deloittes first report in a new, fourpart series on liquefied natural gas lng, lng at the crossroads. Lng demand reached 265 million tonnes in 2016, with growth expected to continue at 45% a year up to 2030. The reference case assumes clean power plan cpp compliance through massbased. Floating lng regasification is used to meet rising natural gas demand in smaller markets today in energy u. Production capacity will expand significantly, but demand growth, even if relatively strongour base scenario calls for annual growth of 5% to 6% from 2015 to 2025will not be sufficient to absorb all the new supply. To address the complicated and fastchanging lng industry and lay the foundation for this research paper, the cee team. From weakening economic growth and intensifying trade tensions to global political risks, our 2020 oil and gas industry outlook takes stock of the main factors to watch in 2020.
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