LNG market hit by US gas glut

摘要

From supply crunch to supply surplus, the US unconventional gas boom has worldwide implications for the LNG market. With the US a market of last resort, and demand growth from non-OECD Asia constrained by a lack of infrastructure, Europe will play the pivotal role in determining future LNG demand. This pits pipelines against LNG vessels and will test gas producers' ability to manage supply. Ross McCrackenrnNine months is a long time in the world of LNG. Since September 2008, the ratio of LNG regasification terminals to liquefaction capacity has fallen as expected, as more liquefaction capacity has come on-stream. This has been the result of increased capacity in Qatar and from the Sakhalin project in Russia, which have brought world liquefaction nameplate capacity to 297.2 Bern a year, up 6.8% from September.