Global LNG Industry to 2015 Investment Opportunities Analysis
and Forecasts of All Active and Planned Liquefaction and Regasification
Terminals report (
http://www.bharatbook.com/Market-Research-Reports/Global-LNG-Industry-to-2015-Investment-Opportunities-Analysis-and-Forecasts-of-All-Active-and-Planned-Liquefaction-and-Regasification-Terminals.html
) provides in-depth source
of information on all active and planned LNG terminals, LNG trade movements and
prices, key trends and issues in the global LNG industry along with market share
analysis of major LNG companies by region.
According to the report, driven by addition of new LNG production plants in the
Asia Pacific, global liquefaction capacity will grow from 209.7 Million Tonnes
per annum (MMTPA) in 2008 to 496 MMTPA in 2015 at an AAGR of 12.3%. However, The
LNG supply shortage is there to stay and will probably become acute after 2012.
Assuming that all the LNG producing plants worldwide commence operations as per
schedule, the demand-supply gap will rise sharply between 2009 and 2011 by over
70% and will keep rising till 2015. The industry analysis specialists, that
offers comprehensive information on the global LNG market.
Rise of New LNG Importing and Exporting Markets Will Shift Global LNG Trade
Movements
Global LNG trade patterns are likely to witness significant changes. Once the
world recovers from the financial slowdown, LNG demand will pick up due to high
demand for natural gas from emerging economies like China and India. By 2015,
Asia Pacific will be largest LNG importing region with India replacing Spain as
one of the top five LNG importers while China, Japan and South Korea will
continue to be major importers. The US will continue with its dependence on
imported LNG. Australia and Nigeria are likely to break into the top five global
LNG exporters list while Algeria is likely to move out. These factors will lead
to a significant change in the global LNG trade movements by 2015.
Diversification of Energy Sources Worldwide Will Boost Global LNG Demand
Globally, countries are trying to diversify their energy sources and the
number of countries participating in the global LNG trade is expected to
increase from 33 in 2008 to over 55 by 2015. Usage of natural gas in residential
and other commercial and industrial purposes like transportation, apart from
power generation, is going to generate greater demand for LNG
Delays in Planned Liquefaction Projects Will Slow Down Global LNG Production
Growth
Iran, the country with the second largest gas reserves in the world, has several
delayed liquefaction projects. LNG projects in Iran like Persian LNG, Pars LNG,
Iran LNG and Qeshm LNG with a total planned capacity of 37.2 Million Tonnes,
which were due to come on-stream by 2010, are unlikely to commence operation
before 2014. The nation’s unresolved nuclear plans with UN Security Council have
led to indecisiveness by western contractors as to whether to start up new
projects, leading to withdrawals and delays.
In Africa, Nigeria will have a total liquefaction capacity of 52.7 MMTPA by
2012. Out of this, a combined, planned liquefaction capacity of 29 MMTPA is
still awaiting FID approvals.
Further, more than 35 MMTPA of liquefaction capacity worldwide is awaiting
approval in 2009, including the Chevron-led Gorgon project in Australia for its
third liquefaction train of 5.0 MMTPA capacity, Indonesia’s Senoro plant, BG
Group's Queensland project in Australia, etc.
The Global LNG Shortage Will Become Acute by 2015
The global LNG industry is heading towards a supply crunch by 2015. The LNG
supply shortage is there to stay and will probably become acute after 2012.
Assuming that all the LNG producing plants worldwide commence operations as per
schedule, the demand-supply gap will stand at more than 550 Million Tonnes of
LNG. The supply gap will rise sharply between 2009 and 2011 by over 70% and will
keep rising till 2015.
Imbalances among the elements of the LNG value chain - liquefaction, shipping
and regasification, have long been responsible for a demand-supply mismatch in
the global LNG industry. With natural gas becoming the fuel of choice globally,
LNG demand is set to grow. In such a scenario, low LNG production capacity
growth due to delays in planned liquefaction projects affected by low capital
availability will lead the global LNG industry towards an acute supply crunch by
2015.
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