Table of Contents
1 Table of Contents
1 Table of Contents 3
1.1 List of Tables 4
1.2 List of Figures 5
2 Introduction 6
2.1 Overview 6
2.2 GlobalData Report Guidance 6
3 Global LNG Market - Overview 7
3.1 The Global LNG Supply is Expected to Outstrip Demand by 2020 8
3.2 Australia is Likely to Overtake Qatar as the Country with Largest LNG Liquefaction Capacity in the World by 2016 9
3.3 Japan will Continue to be the Leading Country in Terms of LNG Regasification Capacity in 2016 13
4 Global LNG Market - Trends and Issues 17
4.1 Asia-Pacific will Witness the Highest Regasification Capacity Additions in the World 17
4.2 East Africa has the Potential to Emerge as New Frontier for Exports of LNG to the World 18
4.3 China is Expected to Become Second Largest Importer of LNG in the World by 2020 19
4.4 New Maritime Regulations will Create New Market worth $2 Billion for LNG Producers 20
4.5 Global LNG Market is Likely to Face Supply Constraints in Next Few Years due to Japan’s High LNG Demand 21
4.6 Low Natural Gas Demand and Government Austerity Measures have Postponed the El Musel LNG Import Terminal in Spain 22
4.7 International Sanctions have Derailed Iran’s LNG Export Plans 23
5 Emerging Suppliers in the Global LNG Market 24
5.1 Australia Plans to be one of the Top Two Exporters of LNG in the World by 2020 25
5.2 Canada has the Potential to Become a Major Supplier in the Global LNG Market 26
5.2.1 Kitimat LNG Terminal in Canada is Expected to Start LNG Exports from 2015 26
5.2.2 Petronas and Progress Energy are Planning a Feasibility Study for an LNG Export Facility on the West Coast of British Columbia 28
5.3 Commercial Production of Shale Gas in the US has Created Opportunities for LNG Exports 29
5.3.1 Federal Energy Regulatory Commission Approved Sabine Pass Terminal for Exports of LNG in April 2012 29
5.3.2 Several Consumer, Manufacturing and Environmental Groups are Opposing LNG Exports from the US 31
5.3.3 The Impact of US LNG Exports on Domestic Natural Gas Prices could be Moderate 32
5.3.4 LNG Exports will Boost the US Natural Gas Exploration and Production Industry and Bring Foreign Exchange 33
5.4 Papua New Guinea is the New Emerging LNG Supplier from Asia-Pacific 35
5.4.1 Papua New Guinea is Expected to Witness Start of Four New LNG Export Projects by 2014 36
5.5 Mozambique Could Emerge as a Major LNG Exporter in the World by 2020 38
5.5.1 Anadarko Petroleum and Eni Made a Significant Natural Gas Discovery in Offshore Mozambique 38
6 Changing Trade Dynamics in the Global LNG Market 42
6.1 Japan and South Korea Plan to Form “Buyer Consortium” for Greater Bargaining Power 42
6.2 Natural Gas Prices Could be Delinked from Crude Oil Prices due to Increasing Global LNG Trade and the Start of US LNG Exports 44
6.3 The Increase in the Number of LNG Importing Countries will accelerate the Growth of Global LNG Demand by 2020 45
6.4 Floating LNG Terminals will Play a Significant Role in the Global LNG Trade 46
6.4.1 FLNG Regasification Terminals to Account for 27.4% of Global Regasification Capacity Addition by 2016 47
6.5 Increasing Project Costs and Tightened Regulations in Australia Could Significantly Impact the Growth of Global Liquefaction Capacity by 2020 48
7 New Technologies will Play a Significant Role in the Expansion of Global LNG Trade 49
7.1 Floating LNG Production Terminals will Help in the Monetization of Challenging Offshore Natural Gas Reserves 49
7.1.1 Shell Plans to Build the World’s First Floating Liquefied Natural Gas (FLNG) Production Facility Offshore Australia 50
7.2 Offshore LNG Regasification Terminals have Emerged as a Cost-effective Alternative to Land-based Terminals 51
7.2.1 Floating Storage and Regasification Unit (FSRU) Technology Substantially Lowered the Lead Times for Development of LNG Import Infrastructure 51
7.2.2 Shuttle Regasification Vehicles Regasify LNG while on the Move 52
7.2.3 Gravity Based Structures Enable Permanent Offshore Regasification of LNG on Fixed Platform 53
7.3 Development of Small to Mid-scale Natural Gas Liquefaction Technology has the Potential to Address Regional Energy Necessities 54
7.4 Mitsubishi Heavy Industries Completed Development of New Generation LNG Carrier, EXTREM 55
8 Appendix 56
8.1 Market Definition 56
8.2 Abbreviations 56
8.3 Sources 57
8.4 Methodology 58
8.4.1 Coverage 58
8.4.2 Secondary Research 58
8.4.3 Primary Research 59
8.4.4 Expert Panel Validation 59
8.5 Contact Us 59
8.6 Disclaimer 59
List of Tables
1.1 List of Tables
Table 1: LNG Industry, World, Key Data of the Global LNG Liquefaction Capacity, 2011 9
Table 2: LNG Industry, World, LNG Liquefaction Capacity of the Top Six Countries, bcf, 2006-2011 10
Table 3: LNG Industry, World, Planned LNG Liquefaction Capacity of Top Six Countries, bcf, 2011-2016 12
Table 4: LNG Industry, World, Key Data of the Global LNG Regasification Capacity, 2011 13
Table 5: LNG Industry, World, LNG Regasification Capacity of Top Six Countries, bcf, 2006-2011 14
Table 6: LNG Industry, Global, Planned LNG Regasification Capacity of Top Six Countries, bcf, 2011-2016 16
Table 7: LNG Industry, Australia, Planned LNG Liquefaction Terminals, 2012-2016 25
Table 8: LNG Industry, The US, Important Milestones of the Sabine Pass Liquefaction Project, 2012 30
Table 9: LNG Industry, The US, Details of Key Organizations Opposing LNG Exports from the US, 2012 31
Table 10: LNG Industry, the US, Planned LNG Liquefaction Terminals, 2012-2018 32
Table 11: LNG Industry, The US, Details of Key Organizations Opposing LNG Exports from the US, 2012 36
Table 12: LNG Industry, The US, Breakdown of Cost for Delivery of Natural Gas from Sabine Pass Terminal to Europe/Americas and Asia, 2012 44
Table 13: LNG Industry, Australia, Key Facts of Prelude FLNG Project, 2012 50
Table 14: LNG Industry, Japan, Key Facts of EXTREM LNG Carrier, 2011 55
List of Figures
1.2 List of Figures
Figure 1: LNG Industry, World, Projected Flow of LNG from Export Terminals, 2012 7
Figure 2: LNG Industry, World, Global LNG Supply and Demand, bcm, 2011, 2015 and 2020 8
Figure 3: LNG Industry, World, LNG Liquefaction Capacity Share (%) in Relation to the Growth (%) of the Top Six Countries, 2006-2011 10
Figure 4: LNG Industry, World, LNG Liquefaction Capacity Share (%) Vis-à-vis Growth (%) of Top Six Countries, 2011-2016 11
Figure 5: LNG Industry, World, LNG Regasification Capacity Share (%) in Relation to the Growth (%) of Top Six Countries, 2006-2011 14
Figure 6: LNG Industry, Global, LNG Regasification Capacity Share (%) in Relation to the Growth (%) of Top Six Countries, 2011-2016 15
Figure 7: LNG Industry, Asia-Pacific, Planned LNG Regasification Capacity Additions, bcf, 2012-2016 17
Figure 8: LNG Industry, Mozambique, Anadarko Petroleum’s and its Partners’ Timeline for Export of LNG from Mozambique, 2012 18
Figure 9: LNG Industry, China, Locations of the Planned/Under-construction LNG Terminals, 2012 19
Figure 10: LNG Industry, Global, Comparison of NPV of Costs for Ships Fueled by MGO, HFO and LNG Over 20-year Period, $m, 2012 20
Figure 11: LNG Industry, Japan, Monthly LNG Imports, Million Tons, January 2012 to April 2012 21
Figure 12: LNG Industry, Spain, Location of the El Musel LNG Import Terminal, 2012 22
Figure 13: LNG Industry, Iran, Location of Iran LNG Project, 2012 23
Figure 14: LNG Industry, Global, Select LNG Liquefaction Capacity Additions, bcf, 2012-2016 24
Figure 15: LNG Industry, Canada, Location of Kitimat LNG Terminal, 2012 26
Figure 16: LNG Industry, Canada, Figure Illustrating Proximity of the Kitimat LNG Terminal to the South East Asian Markets, 2012 27
Figure 17: LNG Industry, Canada, Altares, Lily and Kahta Properties in North Montney, British Columbia, 2012 28
Figure 18: LNG Industry, The US, Bird’s Eye View of Sabine Pass LNG Terminal, 2012 29
Figure 19: LNG Industry, The US, Advantages and Disadvantages of LNG Exports from the US, 2012 33
Figure 20: LNG Industry, Papua New Guinea, Production and Consumption of Natural Gas, bcf, 2010-2020 35
Figure 21: LNG Industry, Papua New Guinea, Overview of the PNG LNG Project, 2012 37
Figure 22: Natural Gas Industry, Mozambique, Overview of Anadarko Petroleum’s Activities in Offshore Area 1, 2012 39
Figure 23: LNG Industry, Mozambique, Equity Stakes Anadarko Petroleum and its Partners in the Planned LNG Export Facility from Mozambique, 2012 40
Figure 24: LNG Industry, Mozambique, Eni’s Natural Gas Exploration Operations in Area 4 Offshore Mozambique, 2012 41
Figure 25: LNG Industry, Global, Share of Japan and Republic of Korea in Global LNG Imports, 2011 43
Figure 26: LNG Industry, Global, Planned LNG Regasification Capacity Additions of Select Countries, bcf, 2012-2016 45
Figure 27: LNG Industry, Global, Share of Planned FLNG Capacity in Global Planned LNG Liquefaction Capacity Additions, %, 2016 46
Figure 28: LNG Industry, Global, Share of Planned FLNG Capacity in Total Planned LNG Regasification Capacity, %, 2012-2016 47
Figure 29: LNG Industry, Global, Working Mechanism of a Typical Floating LNG Production Terminal, 2012 49
Figure 30: LNG Industry, Global, Example for a Typical Floating Storage and Regasification Unit (FSRU), 2012 51
Figure 31: LNG Industry, Global, Floating Shuttle Regasification Vehicles Moored at Distance from the Shore, 2011 52
Figure 32: LNG Industry, Global, Gravity-based Offshore LNG Terminal in the Adriatic Sea, North Italy, 2009 53
Figure 33: LNG Industry, Global, Comparison of Typical Schedule of Mid-scale and Large-scale LNG Project , 2009 54
Figure 34: LNG Industry, Japan, Comparison between EXTREM LNG Carrier and Conventional LNG Carrier, 2011 55
Companies Mentioned
