LNG supply and demand in Q2 ’15 - supply growth slows

摘要

The 2.4% increase in LNG supply in the first quarter of 2015 was expected to be the start of a surge in global LNG supply[1] after three years of stagnation as output builds-up from new liquefaction trains commissioned over the course of 2015. However, growth in Q2 ’15 was only 0.4%, equivalent to about four cargoes on a conventional sized LNG ship, as the shutdown of the Yemen LNG plant and lower output from Atlantic basin plants largely offset increased production in Papua New Guinea and Australia. Gas Strategies looks at the reasons for the slow-down of LNG supply growth Q2’15 and considers the implications for the remainder of the year.