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Global Liquefied Natural Gas (LNG) Developments 2015

Global Liquefied Natural Gas (LNG) Developments 2015

The oil and gas industry is a volatile one, where new technologies and developments play a big role in shaping the dynamic landscape.

The LNG market has progressed a great deal as a result of these developments.

Compared to pipeline, LNG provides flexibility to regions that lack domestic gas resources, and thus bridges the gap between the gas-rich and gas-deficit regions.

On the demand side, most of the LNG consumption originates from the Asia-Pacific regions. Japan consumes about % of the world’s total LNG supply, followed by China and India.

On the supply side, Qatar has, so far, controlled the world’s LNG supply market.

However, 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 for the United States, which will no longer be gas-deficit and dependent on LNG imports.

On the other hand, Australia’s new liquefaction capacity is likely to come online by 2016, which will act as an enabler in meeting the growing LNG demand.

The availability of excess LNG will make the market a buyers’ place, where consumers will have the advantage to procure LNG at negotiable prices. In addition, LNG consumers are likely to move away from crude oil-linked LNG contracts.

About this report

This study highlights the market trends that have triggered global LNG industry growth. Global natural gas demand is likely to increase at a growth rate of 2%, driven by Asia-Pacific with countries such as Japan, China, and India absorbing high volumes of LNG. With the glut of natural gas supply in Australia and recent developments in US shale gas production, LNG trade will expand tremendously. Going forward, Frost & Sullivan forecasts this market to become a buyers’ market, where LNG prices will be linked to both crude oil and Henry Hub gas prices. The base year used for analysis is 2014; forecasts run 2015 to 2025.

  • Executive Summary
    • Key Findings
    • Gas Consumption by Sector
      • Table Gas Market: Gas Consumption by Sectors, Global, 1990-2020
    • Gas Trade Model to Change by 2020
      • Table Gas Market: Gas Trade of LNG and Pipeline, Global, 2014
      • Table Gas Market: Gas Trade of LNG and Pipeline, Global, 2020
    • Global Developments in LNG Market
  • Historical Global LNG Market
    • Global LNG Trade Matured Significantly in Last Few Years
      • Table Gas Market: Gas Consumption and LNG Trade, Global, 2010-2014
    • Historical Market Developments that Influenced Global LNG Trade from 2009 to 2014
    • Historical Global LNG Consumption Status
    • Robust Energy Growth in Asia-Pacific
    • Japan is the Largest LNG Export Destination
    • Growing Economic Market in China
      • Table Gas Market: Gas Consumption and LNG Imports, China, 2009-2014
    • India Poised to Depend on LNG Imports to Meet Gas Demand Outlook
      • Table Gas Market: Gas Consumption and LNG Imports, India, 2009-2014
    • Historical Global LNG Supply Status
    • Qatar-`Powerhouse of LNG Supply'
    • A Weak European Market Yields Slow Growth Rate of LNG Imports
    • Europe Remains Highly Dependent on Piped Gas Imports
    • US Role Reversal from LNG Importer to LNG Exporter
      • Table Gas Market: Shale Gas Production, LNG Imports, The United States, 2009-2014
    • US Shale Gas Revolution Restructuring Country's Gas Market Scenario
    • Low Natural Gas Prices Make US an Attractive Market
      • Table Gas Market: Gas Production and Henry Hub Gas Prices, US, 1999-2014
  • Global LNG Future Trends
    • Global LNG Trade Map
    • Major LNG Demand Drivers
    • Major LNG Supply-side Risks
  • Demand Analysis-LNG Market
    • Global Gas Demand to Rise Sharply as Consumers Switch to Cleaner Energy Fuels
    • Global LNG Consumption to See Steady Upward Trend
      • Table LNG Market: LNG Demand, Global, 2009-2025
    • Strong Global LNG Demand Likely by 2025
    • Emerging Markets in Asia-Pacific will Drive LNG Demand Growth
      • Table LNG Market: LNG Demand, Asia-Pacific, 2010-2025
    • Asia-Pacific LNG Demand to See Slight Slowdown
    • Japanese LNG Market Forecast
      • Table Gas Market: Gas Demand-Supply Gap, Japan, 2013-2025
    • Japan Remains Target Market for LNG Suppliers
    • Chinese LNG Market Forecast
      • Table Gas Market: Gas Demand-Supply Gap, China, 2013-2025
    • Emergence of China as the Largest Importer of LNG
    • Indian LNG Market Forecast
      • Table Gas Market: Gas Demand-Supply Gap, India, 2013-2025
    • India Characterized by Dwindling Domestic Gas Production
    • Major Gas Consumption Trends in Europe
    • New Market LNG Demand
      • Table LNG Market: New Market LNG Demand, Global, 2010-2025
  • Supply Analysis-LNG Market
    • New Liquefaction Capacity to Increase Supply Options
      • Table LNG Market: LNG Supply, Global, 2009-2025
    • The US Gas Market Scenario to Transform
    • Potential Opportunity for US LNG Exports
    • US LNG Projects to Commission by End of 2015
    • US LNG Prices Provide Flexibility in the Global LNG Price Model
    • Possible Delay for Proposed US LNG Exports
    • Australia will Surpass Qatar as the Prime LNG Supplier
    • Australia's Capacity Addition is Likely to Increase LNG Supply in the International Market
      • Table LNG Market: Liquefaction Projects, Sanctioned and Under development, Australia, 1989-2025
    • Australia to Increase its LNG Supply Portfolio
    • Viability Challenges for Australian LNG Export
    • Qatar to Face Stiff Competition
    • Colossal Gas Reserves in East Africa
      • Table Gas Market: Gas Reserves, East Africa, 2009-2013
    • LNG Development Moving at a Slow Pace in Canada
    • Canadian LNG Projects with NEB Approval as of May 2015
      • Table LNG Market: LNG Projects w/NEB Approval, Canada, 2011-2021+
    • Wave of New LNG Supply
    • Traditional LNG Price Model to Undergo a Revision
    • LNG Delivered Costs to Japan from Different LNG Supply Sources
      • Table LNG Market: LNG Prices, Global, 2014
    • Advantages and Challenges of LNG Supply Producers
  • Appendix
    • Abbreviations and Acronyms Used

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