The LNG wave is on the way
Liquefaction ramp-ups and a slowing rate of Chinese demand growth finally deliver the oft-anticipated supply glut
Europe's LNG terminals are set to be over 60pc busier in January 2019 compared to the same month last year. Australian, Russian and US supply has stepped up, and Asia is working through a backlog of fourth-quarter oversupply after mild weather. But is this just a temporary blip or finally the arrival of the widely predicted but much delayed "wave" that would send the global LNG markets into oversupply? Analysts are in a broad agreement that it is the latter. According to Paris-headquartered Kpler, one of the market-leading LNG cargo analysts, Europe will receive 5.8mn t of LNG in January, based on observed arrivals and anticipated ship movements until the end of the month, up by 2.2mn t from
Also in this section
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
