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The 2016 World LNG Report, produced by the International Gas Union (IGU), provides an in-depth analysis of the current state and future trends of the liquefied natural gas (LNG) industry. With over 95% of the global natural gas market represented, this report emphasizes key aspects like LNG trade, production growth, innovation in LNG carriers, and shifts in global supply dynamics. It marks an important contribution to the industry's understanding of market liquidity, flexible facilities, and outreach on LNG issues, fostering sustainable energy development worldwide.
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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 • 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.”
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.
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.
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?
2016 World LNG Report • LNG Trade • Liquefaction Plants • LNG Carriers • LNG Receiving Terminals • LNG Industry in Years Ahead • Appendix
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
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
Price and Non Long-term Trade Source: IHS, IGU Source: IHS, Cedigaz, US DOE
Trade Matrix Source: IHS, IGU
Liquefaction Source: IHS, Public Announcements Source: IHS, Company Announcements
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
Shipping Routes Source: IHS
New Markets Source: IHS, IGU, Public Announcements
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