NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

RATES MAY NEED TO BE ON HOLD LONGER THAN ENVISIONED: NORGES

MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

MNI: BAKER HUGHES US RIG COUNT 605; OIL RIGS 499; GAS RIGS 102

BoE Data Watch

RBA Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LNG Market Battle Between Asia Demand and New Supply: Timera

LNG
HomepageCommoditiesEnergy BulletsBullet

The LNG market is set for battle in 2026-30 between Asian LNG demand growth and a large wave of new supply according to Timera Energy.

  • Short term inelastic supply and demand could drive price volatility in both directions, but the current European gas & LNG market consensus is firmly bearish. The gas market will be subject to volatility until significant new LNG supply starts into 2026.
  • European gas prices could rise quickly if a broad commodity rally were to take hold.
  • A 52% increase in global LNG supply is projected by 2030 driven by North America and Qatar. Modest new supply capacity is scheduled for 2024, including Arctic LNG 2, Tortue FLNG, Altamira Fast LNG, Congo FLNG, Corpus Christi Stage 3, and Plaquemines LNG.
  • Lower prices from oversupply underpin strong Asian LNG demand growth driven by China, India, and other Southeast Asia countries. Demand in the large traditional JKT markets are expected to remain relatively stable this decade.
  • Nuclear and renewable electricity generation & broader decarbonisation with drive a structural decline in demand in the JKT region.

Keep reading...Show less
179 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The LNG market is set for battle in 2026-30 between Asian LNG demand growth and a large wave of new supply according to Timera Energy.

  • Short term inelastic supply and demand could drive price volatility in both directions, but the current European gas & LNG market consensus is firmly bearish. The gas market will be subject to volatility until significant new LNG supply starts into 2026.
  • European gas prices could rise quickly if a broad commodity rally were to take hold.
  • A 52% increase in global LNG supply is projected by 2030 driven by North America and Qatar. Modest new supply capacity is scheduled for 2024, including Arctic LNG 2, Tortue FLNG, Altamira Fast LNG, Congo FLNG, Corpus Christi Stage 3, and Plaquemines LNG.
  • Lower prices from oversupply underpin strong Asian LNG demand growth driven by China, India, and other Southeast Asia countries. Demand in the large traditional JKT markets are expected to remain relatively stable this decade.
  • Nuclear and renewable electricity generation & broader decarbonisation with drive a structural decline in demand in the JKT region.

Keep reading...Show less