Some LNG start-ups in 2016 but real LNG growth yet to come

摘要

Wood Mackenzie's latest review of the global LNG industry concludes that the market was characterised by weak Asian demand in 2015, with a year-on-year decline of 2%. As a result, many LNG players shifted their focus to developing markets and employing new regasification capacity. Despite weakened demand and the impact of the oil price crash, LNG production remained high throughout the year reaching 250mn tonnes in 2015 - up 4mn tonnes on 2014-primarily due to a number of key project start-ups. In 2016, the initial focus will be on the US, with the start of exports from Sabine Pass, signifying a key milestone. However, Wood Mackenzie cautions that with a further 125mn tonnes of LNG under development, real LNG growth is post-2016.