Global LNG Industry to 2015 Investment Opportunities Analysis and Forecasts of All Active and Planned Liquefaction and Regasification Terminals
The industry analysis specialists, that offers comprehensive information on the global LNG market. It 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. ( 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 )
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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