A new report from Rystad Energy has identified five themes that will shape global gas markets in 2019.
Significant LNG production growth, the rise of US gas to challenge Russian dominance in Europe, insatiable demand in Asia, price pressure in selected regions, and a need for final investment decisions on planned liquefaction plants, are the key market-movers identified in the report.
“The global market for LNG is geared for substantial supply growth this year, mirroring a major increase in US liquefaction capacity. Asia’s appetite for LNG – while vast – is not likely to consume all of the additional volumes,” said Rystad Energy head of gas market research Carlos Torres Diaz.
“With increasing export capacity, US LNG might be in a position to pose a serious challenge to Russian gas on the European market this year. Prices will come under pressure due to the healthy supply situation but the market is expected to tighten again after 2022, meaning that investment decisions for new liquefaction projects are needed this year in order to satiate future demand,” Torres-Diaz added.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/05022019/could-lng-from-the-us-pose-a-short-term-challenge-to-russian-gas-in-europe/
You might also like
Armada Technologies has signed a contract to design, engineer, procure, and provide support for the installation and commissioning of its air lubrication system on a CoolCo vessel scheduled to dry dock in 2024.