North American Natural Gas Dynamics: Global LNG - A Review
Study Released June 15, 2011
CERI Study 123 - II
The global liquefied natural gas (LNG) market has grown significantly over the past decade, with new emerging LNG markets and a growing number of LNG producers. A plethora of new LNG re-gasification and liquefaction projects that are currently under construction will commence operations over the next few years, and construction will begin on many of the proposed LNG projects that are now in the planning phase. According to International Energy Agency (IEA) estimates, annual LNG trade will more than double from 2008 levels to approximately 17.7 TCF, or 48.4 BCFPD, by 2035.
The purpose of this study is to present an overview of existing LNG re-gasification and natural gas liquefaction capabilities around the world and to provide projections of future capacity additions at the regional and global levels. LNG re-gasification and liquefaction capacities in each region are summed by status and by start-up year, and probability factors for cancelling or delaying capacities, based on the status, are applied to produce a projection of future capacities. These probabilities will be adjusted depending on the region, as the likelihood of projects proceeding, or being delayed, will be affected by region-specific factors. The global LNG overview will also provide a brief discussion on existing LNG contracts and potential global LNG spot market supplies.