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Global Top 10 Emerging LNG Markets - Analysis of Capacity, Trade Movements, Supply to 2015
Global Top 10 Emerging LNG Markets - Analysis of Capacity, Trade Movements, Supply to 2015
Emerging Liquefaction Markets Will Account For Two-Fifths of Global Liquefaction Capacity by 2015
Hyderabad,
AP,
India
(prbd.net)
01/07/2010
"Global Top 10 Emerging LNG Markets - Analysis of Capacity, Trade Movements, Supply - Demand and Competitive Scenario to 2015"
The emerging liquefaction markets in Australia, Nigeria, Egypt, Iran and Papua New Guinea, will drive the growth in liquefaction markets globally. The liquefaction capacity in these markets is expected to grow at an AAGR of 23% during 2009-2015 to reach 218.3 Million Tons per Annum (MMTPA) in 2015. From a capacity share of 23% of the global liquefaction capacity in 2009 the total liquefaction capacity will go up to 44% in 2015, reflecting the export potential of these countries in the period.
Australia is one of the leading exporters of LNG in the Asia Pacific region and has been increasing its exports globally. Its total liquefaction capacity of 20 MMTPA in 2009 will witness four fold growth to reach 81.6 MMTPA in 2015. The rapid growth of Australia’s liquefaction capacity is attributed to the eight new LNG terminals that are planned to commence operations by 2015. Together these terminals will account for a capacity increase of 61 million Tons (mt) by 2015 which is over 37% of the total liquefaction capacity increase in the emerging LNG markets.
The emerging regasification markets, China, India, Mexico, Italy and the UK, will spur the growth of regasification markets globally. With the domestic production of natural gas trailing behind the increasing demand, these markets have increased their LNG imports considerably. The imports will further grow with a significant increase in regasification capacity expected by 2015. The total regasification capacity of this market will increase from 3,530.5 Billion Cubic Feet (Bcf) in 2009 to reach 11,267 Bcf by 2015. The increase of the regasification capacity in the emerging regasification markets will constitute 26% of the global increase in regasification capacity, suggesting a considerable growth in imports by 2015.
After years of tight LNG supply and growing demand since early 2000, the markets will witness surpluses both in liquefaction and LNG supply. In 2009 alone, 45 million Tons of LNG production capacity was added as six new projects commenced operations. This trend is likely to continue to 2015 with a further capacity increase of 163.5 million Tons in the emerging liquefaction markets. However, the regasification capacity growth is expected to remain comparatively slow during the period 2009-2015. The demand for LNG suffered due to the recent economic recession and its recovery is expected to remain sluggish in emerging markets. As against the total increase of 163.5 MMTPA in liquefaction capacity in the emerging liquefaction markets, the regasification capacity in the emerging regasification markets will see a rise of 162.5 MMTPA in 2015.
Buyers may take the advantage of the excess supply and capacity to secure long term LNG contracts at lower prices with favorable clauses.
Global Top 10 Emerging LNG Markets – Analysis of Capacity, Trade Movements, Supply-Demand and Competitive Scenario to 2015”, is the latest report from GlobalData, the industry analysis specialist, offering extensive information on the top 10 emerging LNG markets markets in the world. This study provides a detailed analysis of the global top 10 emerging LNG markets categorized into emerging liquefaction and emerging regasification Markets with a focus on the key trends, drivers and challenges to the growth until 2015. The research examines capacity forecasts, the supply and demand of natural gas, the LNG trade in emerging liquefaction and regasification markets, key contracts defining the future trade and market structure of the LNG industry in each country to 2015.
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