Global Top 10 LNG Markets - Analysis of Capacity, Trade Movements, Supply-Demand and Competitive Scenario

London, United Kingdom (PressExposure) November 17, 2009 -- The top ten LNG markets continue to retain their strong holds on the global LNG industry despite an increasing number of countries venturing into natural gas liquefaction and regasification operations,. Though the number of countries with LNG operations is expected to increase from 33 in 2008 to 55 in 2015, contribution of top five liquefaction markets is expected to decline slightly from 60.7% in 2008 to 58.6% in 2015. Contribution of top five regasification markets is expected to decline from 82% to 68% during the same period.

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With 12,228.3 Bcf, the US is expected to emerge as the largest regasification market in the world (based on installed regasification capacity) by 2010, surpassing Japan (8,280.3 Bcf).

As in 2009, Qatar has the largest, installed liquefaction capacity at 54.1 Million Tonnes. It will continue to remain the biggest liquefaction market globally till 2014 with liquefaction capacity of 77.5 Million Tonnes. However, by 2015, Australia is expected to become the largest liquefaction market in the world with a total installed capacity of 81.6 Million Tonnes.

Indonesia is one of the largest sources of LNG for most Asia Pacific markets. However, declining LNG production from Indonesia due to dip in natural gas production is raising serious concerns of supply security among these markets. Geographical proximity of Indonesia makes its LNG more attractive as importing countries can avail the advantage of low transportation costs.

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As Indonesia has been struggling to meet its LNG export contract obligations, countries like China and Japan are steadily increasing investments in its energy sector. In December 2008, Japan waived compensation that Indonesia had to pay for 90 outstanding LNG cargoes that it failed to deliver to Japan since 2002. Chinese firms have also invested around $6 billion in the Indonesian LNG industry in the recent years. In return, Indonesia made long term LNG supply agreements with China at prices as low as $3.35/MMBtu. Japan is also negotiating for supply guarantees from Senoro- Donggi LNG terminal, which is planned to commence operations in 2011.

“Global Top 10 LNG Markets: Analysis of Capacity, Trade Movements, Supply-Demand and Competitive Scenario”, is the latest report from GlobalData, the industry analysis specialist, that offers comprehensive information on the 10 largest liquefaction and regasification markets in the world. This study provides in-depth information on all active and planned Liquified Natural Gas (LNG) terminals, LNG imports and exports, LNG trade movements and prices and contracted and non-contracted LNG capacities in these markets. Further, natural gas reserves, production and consumption details along with energy security aspects of each market are also analyzed in this report.

According to the report, by 2010, the US, with a total regasification capacity of 12,228.3 Bcf (billion cubic feet) will surpass Japan as the biggest regasification market in the world. Similarly, Australia will overtake Qatar to become the largest liquefaction market globally with a capacity of 78 million tonnes by 2015.

The contribution of the top five regasification markets to global regasification capacity will decrease marginally from 79.4% in 2009 to 68% in 2015. On the other hand, contribution of the top five liquefaction markets will increase from 54% in 2009 to 58.6% in 2015. Despite a lion’s share in the global LNG industry, the top 10 LNG markets are planning to construct 37 regasification and 16 liquefaction terminals by 2015.

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Press Release Submitted On: November 17, 2009 at 1:51 am
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