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World LNG Factbook. 2016 edition.

Type of monograph: Other

Summary

At the end of February 2016, LNG was trading for USD 4.50 per million Btu – less than a fifth the USD 20/m Btu that Japan was paying just two years earlier. Northwest European spot prices have also struggled in the first quarter of 2016, trading down from USD 6/m Btu at the start of the year to around USD 4.18/m Btu at the end of February.
More LNG from Australia this year, from Angola and possibly even from war-torn Yemen will also add to global production. Across the world, LNG exports could reach 257.9 m tonnes in 2016 – almost 25 m more than in 2015. Next year, forecast consultancy energy aspects, the total will rise again, reaching 305.7 m tonnes.
Between them, Australia and Asia will provide the bulk of this year’s LNG supply – almost 99 m tonnes. The Middle East (mainly Qatar) will export almost 88 m tonnes and the US will supply almost 21 m tonnes. Demand, though, won’t keep up this year, rising by just 20 m tonnes (around 9%).

Details

  • Original title: World LNG Factbook. 2016 edition.
  • Record ID : 30017877
  • Languages: English
  • Subject: Figures, economy
  • Publication: Petroleum Economist - United kingdom/United kingdom
  • Publication date: 2016/03
  • ISBN: 1861863772
  • Document available for consultation in the library of the IIR headquarters only.

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