Gas Group Head Sees Tighter Market After 2020

摘要

The head of the Gas Exporting Countries Forum(GECF)believes the LNG market could tighten after 2020 as demand keeps on growing,particularly in Asia,and expects members to bring about 86 million tons per year of new liquefaction capacity on line over the next decade.Secretary-General Yuri Sentyurin tells Energy Intelligence that he expects Qatar,Russia,Nigeria and Equatorial Guinea to “take steps to reach FIDs [final investment decisions] on new LNG projects this year or so,which will bring the opportunity to satisfy incremental LNG demand over the period.” The 12-member GECF is sometimes referred to as the “gas Opec,” but unlike its oily counterpart does not regulate production.Other members are Algeria,Bolivia,Egypt,Iran,Libya,Trinidad and Tobago,the United Arab Emirates and Venezuela.Angola,Azerbaijan,Iraq,Kazakhstan,Norway,Oman and Peru are observers.The US and Australia,respectively the world's largest gas and largest LNG producer,aren't members.Russian-bom Sentyurin took over as secretary-general in January 2018 from Iran's Seyed Mohammad Hossein Adeli.Right now,almost 300 million tons/yr of new liquefaction capacity has been announced or is under construction globally-roughly the size of the market in 2018,Sentyurin says.Most of last year's incremental supply came from Australia,the US and Russia,and he expects those same three countries,plus Qatar,to be the main rivals for future buyers,especially in Asia,where GECF members now account for around 45% of LNG imports.