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
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields