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Global Liquefied Natural Gas (LNG) Market Assessment

Global Liquefied Natural Gas (LNG) Market Assessment

Over the last 10 years, the global liquefied natural gas (LNG) industry has matured. As a result of expansion of LNG infrastructure, gas-deficit regions now have access to LNG to support their energy requirements.

Asia-Pacific will continue to see high demand for gas as a result of significant economic growth. Japan, in particular, is likely to fulfill all its gas requirements with imported LNG. In addition, growing markets in China and India are likely to see strong LNG demand.

As long-term LNG contracts in Asia are nearing completion, it will be the target market for LNG suppliers.

The supplier side of the market has witnessed significant development as a result of the increased number of LNG producers.

Technological advancements in terms of hydraulic fracturing have resulted in significant gas production from the shale gas reserves in the United States. This is a game changer as the country will no longer be gas-deficit and dependent on LNG imports.

Given the high demand arising from Asia-Pacific, the United States is expected to emerge as one of the major LNG suppliers.

About this report

This research service highlights the current and future status of the global LNG market. The forecast period is 2014-2025. Over the next few years, Asia will see rising LNG demand; however, its LNG contracts are expected to expire. The study offers an in-depth analysis of key LNG consumers, such as Japan, China, and India, and determines the target market for LNG suppliers. On the supply side, the study has considered the major LNG exporters, the United States and Australia. These countries have significant gas reserves; however, they are facing challenges in reaching their target markets. The research service also highlights the LNG pricing mechanism that is set to undergo a revision in 2016.


  • Executive Summary
    • Key Findings
    • Market Engineering Measurements
    • CEO's Perspective
  • Market Overview
    • Market Definitions
    • Key Questions this Study will Answer
    • Market Segmentation-Global LNG Consumers
    • Market Segmentation-Global LNG Suppliers
  • Global Gas Market
    • By 2025, Global Energy Demand will Increase by 26%, Leading to Higher Gas Consumption Volumes
    • Global Technically Recoverable Shale Gas Resources
    • Top 10 Countries Holding Combined Reserves of 80.3% of Technically Recoverable Shale Gas
  • Historical Global LNG Market
    • In 2013, LNG Trade Accounted for 7.9% of the Total Global Gas Demand
      • Table Gas Market: Gas Demand and LNG Trade, Global, 2009-2013
    • Global LNG Trade Matured Significantly from 2009 to 2013
    • Global LNG Consumption from 2009 to 2013
    • Global LNG Supply Scenario from 2009 to 2013
    • Market Developments that Influenced Global LNG Trade from 2009 to 2013
    • U.S. LNG Imports have Declined in Anticipation of Role Reversal as an Importer
    • The U.S. Shale Gas Revolution has Transformed the Global Energy Market
    • Low Gas Prices Make the United States an Attractive Market, Giving it an Edge over Other Countries
    • Asia-Pacific Witnessed Optimistic Growth
    • Japan and South Korea are the Largest Importers of LNG, Consuming More than 70% of the Total Global LNG Imports
    • Emerging and Growing Economic Markets in China and India
    • LNG Suppliers Target the Asia-Pacific Market
      • Table LNG Market: Breakdown of Rest-of-Asia-Pacific, Asia-Pacific, 2013
    • A Weak European Market has Resulted in the Slow Growth Rate of LNG Imports
    • Till Date, Europe has been Highly Dependent on Piped Gas Imports
  • Drivers and Restraints-LNG Market
    • Market Drivers
    • Drivers Explained
    • Market Restraints
    • Restraints Explained
  • LNG Liquefaction Terminals
    • By 2025, Global Liquefaction Capacity is Expected to Reach ~87.33 Bcf/d
    • Glut of Gas Supply has Stimulated Gas-rich Countries to Increase Global Liquefaction Capacity
    • Major Liquefaction Plant Capacity Additions by 2025
    • Key Countries Adding to the Current LNG Supply Levels
      • Table LNG Market: Liquefaction Plant Capacity Additions, Nigeria, Malaysia, Russia, The United States, Canada, and Australia, 2013-2025
    • Factors Likely to Cause a Slowdown in LNG Liquefaction Capacity Development
    • Increased LNG Demand has Led to Higher Investments in Global Liquefaction Capacity
      • Table LNG Market: Liquefaction Capacity, Global, 2013-2025
    • Australia's Capacity Addition is Likely to Increase LNG Supply in the International Market
      • Table LNG Market: Construction and Planned Capacity, Australia, 2013-2025
  • LNG Pricing Structure
    • LNG has Varied Global Price Points
    • Linkage to Different Price Points
    • Different LNG Pricing Contracts
    • Pricing Methodology of LNG Contracts
    • Asia-Pacific LNG Pricing
    • JCC LNG Contract Pricing
      • Table LNG Market: Oil and LNG Prices, Global, 2013
    • Future Scenario of LNG Pricing
  • Forecasts and Trends-LNG Market
    • Market Engineering Measurements
      • Table LNG Market: Market Engineering Measurements, Global, 2013
    • Forecast Assumptions
  • Demand Analysis-LNG Market
    • Global Gas Demand will Witness a Significant Rise as Consumers Gradually Switch to Cleaner Energy Fuels
    • Rising Global Gas Demand will Stimulate High LNG Demand from Gas-deficit Regions
    • Strong Global LNG Demand Likely by 2025
    • The Tremendous Economic Growth in Asia will Drive the Burgeoning Gas Demand in the Region
    • Emerging Markets in Asia will Drive Strong LNG Demand Growth
    • Japan's LNG Consumption is Projected to Increase above Current Import Volumes
    • Japanese LNG Market Forecast till 2025
    • South Korea Needs More LNG Contracts to Meet its Growing Gas Demand
    • South Korean LNG Market Forecast till 2025
    • Emergence of China as the Largest Importer of LNG
    • Augmented LNG Capacity will Place China in a Good Position to Contract Additional LNG
    • India is Characterized by Dwindling Domestic Gas Production
    • Indian LNG Market Forecast till 2025
    • Europe will Decrease its Dependence on Russian Gas Imports
    • Major LNG Demand Drivers
    • Global LNG Upside and Downside Cases
  • Supply Analysis-LNG Market
    • By 2025, Global LNG Supply is Likely to Increase to ~70 Bcf/d
    • Wave of New LNG Suppliers by 2025
      • Table LNG Market: Key Future Suppliers, Global, 2013-2025
    • The United States will Become an Exporter of LNG to the International Market
    • The United States will Start Exporting Large Quantities of LNG
    • Cheniere Energy LNG Export Project
    • Approved North America LNG Terminals
    • Status Update on U.S. LNG Export Facilities
      • Table LNG Market: LNG Export Terminals- Proposed, Potential, The United States, 2015
    • New U.S. Liquefaction Capacity is Expected to Have a Higher Utilization Rate of ~85%
    • Possibility for U.S. LNG Exports to be Delayed
    • Australia will Surpass Qatar as the Prime LNG Exporter
    • Challenges in Terms of the Viability of Australian LNG Export
    • Qatar's Dominance of the LNG Market is being Challenged
    • East Africa will be the New Contender in the LNG Market
    • Colossal Gas Reserves in East Africa
    • Supply-side Risks
    • Global LNG Supply Contracts
    • Global LNG Supply-Demand Balance till 2025
    • Competition for Asia as the Target Market for LNG Consumption
    • Asia will be the 2025 Target LNG Market
  • Global LNG Trade Model
    • Global LNG Trade Map
    • Global LNG Routes and Trade Structure
    • Distance and Pricing Variables in Relation to Japan
      • Table LNG Market: Deciding Variables, Japan, The United States, Australia, Qatar, and East Africa, 2013
    • LNG Delivered Costs to Japan from Different LNG Supply Sources
      • Table LNG Market: LNG Prices, Global, 2013
    • Economic Advantages and Disadvantages of Different LNG Supply Sources
    • Factors Affecting the Future Landscape of the LNG Industry
    • 4 Strategic Scenarios Influencing the Global LNG Trade Market
  • The Last Word
    • Conclusion
    • The Last Word-3 Big Predictions
  • Appendix
    • Market Engineering Methodology
    • Abbreviations and Acronyms Used

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