Related Articles
Forward article link
Share PDF with colleagues

Shifting the bulge

An onslaught of new supply will continue to pressure LNG prices in 2017

Another 36.1m tonnes of new liquefied natural gas supply will be shipped in 2017, worsening the global supply glut. Total LNG exports will soar to 282.5m tonnes during the coming 12 months, according to consultancy Energy Aspects. Liquefaction capacity additions in 2017 will rise even more steeply, growing by 51m tonnes a year to a total of 393m t/y. That comes on top of 39m t/y of capacity added in 2016. LNG shipments in Australia and Asia will reach 118m tonnes, a rise of 18%, or 21.3m tonnes, compared with 2016. Australia alone will add 26m t/y of new liquefaction capacity (to reach a total of 86m t/y), as new projects including Chevron's 8.9m-t/y Wheatstone project come on line. Demand

Also in this section
The US' limited reach
19 July 2017
Deliveries from Sabine Pass to northwest and eastern Europe have begun, but don't hold your breath for an avalanche of North American supply
Abuja goes for gas, again
19 July 2017
Nigeria has long tried to develop a domestic gas market. The Buhari administration is trying again
Egypt: gas to the rescue
18 July 2017
A booming natural gas sector means a return to self-sufficiency and a chance to overcome some of Egypt's economic and social problems