The Norway-based International Gas Union (IGU) sees continued LNG supply constraints ahead this year, during which time Qatar will remain the world’s top supplier of the super cooled gas.
The global LNG market has been tight for several years, IGU says in its 2014 World LNG Report, on the back of limited new liquefaction capacity, and higher LNG demand in Asia. This dynamic will shift in 2015, however, when about 18mn tons/year of capacity is brought online in Australia – to be followed shortly thereafter by an additional 20mn t/y in 2016. The United States will follow Australia with new capacity which, importantly, can be traded flexibly. (CONTINUED - 1212 WORDS)