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Latest LNG outlook from Cedigaz

It is latest outlook for global LNG, Cedigaz expects total effective capacity from existing and under construction projects to increase significantly from 244mn t/y in 2015 to 387mn t/y in 2021. This strong growth is led by Australia and the US until 2019 and 2021 respectively.

Based on Cedigaz supply/demand estimates, new projects will need to come onstream post 2023/2024 to accommodate rising global LNG demand. It expects that the strongest increases in LNG capacity from post-FID (financial investment decision) projects will originate from the US, Canada, Mozambique and Qatar. In this scenario, the US would become the number one LNG producer before Australia and Qatar by 2035, with a market share of 19%.

News Item details


Journal title: Petroleum Review

Subjects: Gas markets, Liquefied natural gas, Gas, LNG Terminals, FLNG, LNG markets

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