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IGU World LNG Report – 2016

IGU World LNG Report – 2016. Elias Cortina – Chevron Ted Williams – American Gas Association. International Gas Union (IGU). Founded in 1931, Represents More Than 140 Member Organizations and Corporations of the Global Natural Gas Industry Represents over 95% of Global Natural Gas Market

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IGU World LNG Report – 2016

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  1. IGU World LNG Report – 2016 Elias Cortina – Chevron Ted Williams – American Gas Association

  2. International Gas Union (IGU) • Founded in 1931, Represents More Than 140 Member Organizations and Corporations of the Global Natural Gas Industry • Represents over 95% of Global Natural Gas Market • Objectives: To Serve “As the Global Voice of Gas” and “Seeks to Improve the Quality of Life by Advancing Gas as a Key Contributor to a Sustainable Energy Future.”

  3. IGU LNG Committee • Standing IGU Committee Working on a Triennial Project Cycle Leading Up to the World Gas Conference • Current Projects: • World LNG Report (Task Force 1) • Floating LNG (Study Group 1) • LNG Market Liquidity (Study Group 2) • Flexible LNG Facilities (Study Group 3) • Outreach on LNG Issues.

  4. The IGU World LNG Report • First Edition in 2010; Emphasis on Industry Data, Not Forecasts • A “Flagship Publication of IGU” • Publication Cycle Changed to Annual Report in French Triennium of IGU, 2012 Through 2015. • Current Task Force: France, GIIGNL, Indonesia, Japan, South Korea, Mozambique, Qatar, Spain, The Netherlands, U. S. (Leadership). • Chevron: Funding; Enagas: Printing; IHS: Technical Contractor.

  5. Why a “World LNG Report?” • Why, When the International Group of Liquefied Natural Gas Importers (GIIGNL) Already Publishes its Annual Report, “The LNG Industry in 201x?” • What is the Report Audience? • What Other Organizations Need or Use the Report? • So What’s the Latest Data?

  6. 2016 World LNG Report • LNG Trade • Liquefaction Plants • LNG Carriers • LNG Receiving Terminals • LNG Industry in Years Ahead • Appendix

  7. LNG Trade in 2015 Supply • Global net trade grew 4.7 MT to 245 MTPA – largest ever • More Pacific Basin Supply • Less Japan and S. Korea demand • China growth absent Markets Source: IHS, IGU

  8. Trade Flow Shifts LNG Production • Pacific supply growth • Start-ups: QC LNG and Donggi-Senoro • Ramp-ups: PNG • Commissioning: GLNG • Middle East shift (5.5 MT) from Pacific to Atlantic and Middle East • Atlantic to Pacific decline (4 MT) Source: IHS, IGU

  9. Price and Non Long-term Trade Source: IHS, IGU Source: IHS, Cedigaz, US DOE

  10. Trade Matrix Source: IHS, IGU

  11. Liquefaction Source: IHS, Public Announcements Source: IHS, Company Announcements

  12. LNG Carriers • Global fleet added 27 conventional vessels to reach 410 • Innovation continues toward efficiency • Order book grew by 24 • Charter rates averaged near-term low of $30k/day Source: IHS

  13. Shipping Routes Source: IHS

  14. New Markets Source: IHS, IGU, Public Announcements

  15. Road Ahead

  16. Thank you! World LNG Report Task Force • Chevron, USA – Lead Sponsor • American Gas Association (AGA), USA • Enagas, Spain – Printing Sponsor • TOTAL, France • Osaka Gas, Japan • RasGas, Qatar • Anadarko, USA • Bureau Veritas, France • GIIGNL, France Consultant - IHS

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