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LNG supply & demand-I: There was a supply under performance in 2015 and 2016
Feb 20:
There seems to have been a consistent underperformance between projected and actual supply of LNG in the global market.
8Various factors are responsible for the under performance
8While global LNG supply changed little between 2014 and 2015, it increased by 6% in 2016 (i.e.by 19 bcma). This was consumed by markets in Asia (up 17 bcma) and the Middle East (up 10 bcma), with South American demand down 5 bcma.
8Europe's demand increased by 4.3% in 2016 as a result of cold weather and switching to gas from coal but the additional demand was met by increased pipeline imports.
8In other words, while global LNG supply was little changed between 2014 and 2015, it increased by 6% in 2016 (i.e.by 19 bcma). This was consumed by markets in Asia (up 17 bcma) and the Middle East (up 10 bcma) with South American demand down 5 bcma.
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8Various factors are responsible for the under performance
8While global LNG supply changed little between 2014 and 2015, it increased by 6% in 2016 (i.e.by 19 bcma). This was consumed by markets in Asia (up 17 bcma) and the Middle East (up 10 bcma), with South American demand down 5 bcma.
8Europe's demand increased by 4.3% in 2016 as a result of cold weather and switching to gas from coal but the additional demand was met by increased pipeline imports.
8In other words, while global LNG supply was little changed between 2014 and 2015, it increased by 6% in 2016 (i.e.by 19 bcma). This was consumed by markets in Asia (up 17 bcma) and the Middle East (up 10 bcma) with South American demand down 5 bcma.
Click on Reports for more
