Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy advisory and research products for E&P and oil service companies, investors and governments.
March 05, 2015
More events >>
Author: Leslie Wei, Analyst, Rystad Energy
Publisher: LNG Industry, February Edition
Australia has experienced an extraordinary surge in LNG investments over the last 5 years. As these projects start to come online, LNG supply from Australia will increase considerably, from ~25 MPTA in 2015 to over 50 MTPA in 2017. This article will start with an overview of the global LNG trends, and then take a deep dive into the Australian market.
LNG is currently being produced in 20 countries across all continents. Figure 1 shows the average yearly historical and forecasted production for the top 10 countries from 2010-2030. Production is estimated project by project and is based on operator reported start-up year and total capacity. As of 2015, Qatar is the largest producer with 30% of the total market share. With no new projects expected to come online in Qatar, production will remain at current levels through 2030.
February 01, 2015