Global energy statistics show that US shale revolution still unfolding Annual BP Statistical Review gives more insights into future natural gas and LNG market

摘要

The natural gas industry experienced a bonanza year with both global consumption and production increasing by more than 5 percent,one of the strongest growth rates in either gas demand or output for more than 30 years,according to the 68th annual BP Statistical Review of World Energy.Global natural gas consumption rose by 195 billion cubic metres,one of the fastest rates of growth since 1984.The expansion of inter-regional natural gas trade amounted to 39 Bern,or 4.3 percent,more than double the 10-year average,driven largely by continuing rapid expansion in liquefied natural gas.LNG supply growth came mainly from Australia(15 Bern),the US(11 Bern)and Russia(9 Bern).China accounted for around half of the increase in imports(21 Bern).LNG supplies continued their rapid expansion,increasing by almost 10 percent(37 Bern)as a number of new liquefaction plants in Australia,US and Russia were either started or ramped up.”For much of the year,the strength of Asian gas demand,led by China,was sufficient to absorb these increasing supplies,”stated the Statistical Review.”But a waning in the strength of Asian demand towards the end of the year,combined with a mini-surge in LNG exports,caused prices to fall back and the differential between Asian and European spot prices to narrow significantly,”explained the Review.