21 February 2017
ABOUT SHELL
ABOUT SHELL LNG OUTLOOK SLIDES
DETAILS
China and India
are two of the world’s fastest growing buyers
of liquefied natural gas (LNG)
w ith the total number of importing countries now at 35,
according to
which draws on independent industry data
and internal analysis.
Global demand for liquefied natural gas (LNG)
reached 265 million tonnes (MT) in 2016
– enough to supply power
to around 500 million homes a year,
a new outlook finds.
The LNG Outlook, the first of its kind for Shell,
is an assessment of the global LNG market.
It finds that total global demand for LNG
has increased with
the addition of six new importing countries since 2015:
Colombia, Egypt, Jamaica, Jordan, Pakistan and Poland.
China and India are two of the fastest growing buyers,
with the number of LNG importers worldwide
up to 35, from 10 at the start of the century.
The bulk of growth in LNG exports in 2016
came from Australia, where exports increased
by 15 MT to a total of 44.3 MT.
It was also a significant year for the USA,
which delivered 2.9 MT
from the Sabine Pass terminal in Louisiana.
The outlook says that from 2020 to 2030
most new LNG demand growth will be driven by:
policy, floating storage regasification units (FSRUs),
replacing declining domestic gas production,
small scale LNG and transport.
LNG prices are expected to continue to be determined
by factors including
oil prices, global LNG supply and demand dynamics,
as well as the cost of new LNG facilities.
In addition, the outlook says LNG trade is changing
to meet the evolving needs of buyers,
including shorter-term and lower-volume contracts.
Maarten Wetselaar,
Integrated Gas and New Energies Director at Shell
“Global LNG trade demonstrated
its flexibility time and again in 2016, responding to
shortfalls in national and regional gas supply
and to new emerging demand,”
“The outlook for LNG demand is set
to grow at twice the rate of gas demand,
at 4 to 5% a year between 2015 and 2030.”
Read the Shell LNG Outlook in full
WWW.CHEMWINFO.COM BY KHUN PHICHAI
