Global LNG Import Export Snapshot April 2017

The Global LNG Import / Export Snapshot
Chris McManaman – April 2017

What does an LNG supply chain look like?

*http://www.giignl.org/lng-markets-trade-0
It looks like this…

…and this…

Global production is forecast to reach 292 MT in 2017, marking an
increase of 34 MT from 2016
http://www.gasstrategies.com/sites/default/files/download/lng_outlook_2017_-_final_edition.pdf

The great pyramid is estimated to weigh 6.5 MT
http://www.gasstrategies.com/sites/default/files/download/lng_outlook_2017_-_final_edition.pdf

In 2016, the volume of LNG traded globally increased by 7.5 per cent
http://www.lngworldshipping.com/news/view,giignl-study-highlights-lng-growth_47063.htm

http://www.lngworldshipping.com/news/view,giignl-study-highlights-lng-growth_47063.htm
Global LNG supply will grow at a rate of 1.6 percent per annum over
the next 20 years….

…with the U.S. leading the charge followed by Australia

*https://www.eia.gov/outlooks/ieo/nat_gas.cfm
Global LNG capacity additions by country, 2015-2019
Billions cubic feet per day

YOY changes in LNG exports by country, 2016

YOY changes in LNG imports by country, 2016

39 countries were importing LNG and 19 countries were LNG exporters.
74.6 MT (28%) of global LNG volumes were traded on a spot or short-term basis.

What is going on in the LNG market?

..no I didn’t cover every country…

…but I got a representative sample.

…Canada is hurting to become an LNG
exporter…

…United States went from zero to hero…

…Eastern South America is trying to get
away from LNG…

…Western South America is thrilled with
the Panama Canal expansion…

…Southern Europe is now competing for
LNG with Asia…

…Northern Europe is trying to integrate
with each other…

…Eastern Europe is using LNG to reduce
Russian dependency…

…Putin wants to Russia to be King of
LNG…

…Northern Africa is still recovering from
Arab Spring…

…Western Africa is going to become an
LNG import/export machine…

…Eastern Africa has all the potential in the
world….but is a mess…

…The middle east is moving to renewable
energy…

…Asia is trying to get better contracts and
secure supply around the world…

…Australia is a LNG export powerhouse…

…but they forgot to leave some LNG for
themselves…

Algeria: Supplying minimum contractual volumes of LNG to
France
*http://www.platts.com/latest-news/natural-gas/algiers/algerias-sonatrach-supplying-contractual-volumes-26644135

Angola: Angola gets more feed gas for LNG export as
production starts at Mafumeira Sul
*http://www.platts.com/latest-news/natural-gas/algiers/algerias-sonatrach-supplying-contractual-volumes-26644135

Argentina: Argentina president vows to end LNG imports in
5-6 years
*http://www.platts.com/latest-news/natural-gas/buenosaires/argentina-president-vows-to-end-lng-imports-in-21971729

Australia: About to become the world's top exporter of LNG,
but faces a gas shortage at home
*http://www.reuters.com/article/us-australia-lng-hoegh-lng-idUSKBN16R08L

Bangladesh: Bangladesh’s first LNG import terminal moves
forward. It is scheduled to receive its first LNG delivery in
early 2018.
*http://www.lngworldnews.com/petronet-to-build-950-mln-lng-terminal-in-bangladesh/

Belgium: The Zeebrugge LNG terminal is diversifying its offer
to capitalise on the new and growing market for small-scale
LNG
*http://interfaxenergy.com/gasdaily/article/25362/zeebrugge-lng-finds-small-scale-success/

Brazil: Brazil's hydropower shortfall will lead to increase use
of fossil fuel-fired power, a move that will eventually lead to
higher prices for consumers and a surge of LNG imports
*http://www.naturalgasworld.com/global-gas-perspectives/

Brunei: Hydrocarbon fuels recorded the highest contribution
of 92.7 per cent of total exports, comprising crude oil and
liquefied natural gas (LNG).
*http://borneobulletin.com.bn/trade-balance-recorded-bnd369-1m-january/

Canada: Kitselas First Nation signs LNG cash, land deal in
northwestern B.C.

Chile: Trinidad and Tobago is Chile's principle gas supplier.
Imports have risen as generation from natural gas expanded
to offset limited supplies of hydroelectricity.
*http://www.platts.com/latest-news/natural-gas/santiago-chile/chiles-lng-imports-soar-in-december-exports-to-26672038

China: Korea, China, and Japan, which import half of all LNG
in the world, will launch an LNG buyers' club. Korea, China
and Japan import 55.54% of total LNG in the world.
*http://interfaxenergy.com/gasdaily/article/25220/bargain-price-spot-lng-proves-popular-in-china

Columbia: Colombia becomes the 36th LNG-importing
country in 2016
*http://finance.yahoo.com/news/lng-brings-russia-china-closer-170000931.html

Côte d'Ivoire: Starting to construct and operate a three-
million-tonne-a-year LNG regasification terminal. It is
expected to be operational by mid-2018
*http://www.engineeringnews.co.za/article/total-led-consortium-awarded-cte-divoire-lng-terminal-rights-2016-11-25

Djibouti: Djibouti’s breaks ground on LNG export facility to
strengthen its status as an energy trans-shipment hub for
East Africa.
*http://aa.com.tr/en/africa/ethiopia-djibouti-china-to-launch-4b-nat-gas-project/613084

Egypt: Egypt signs $1bn contract with Russia, France &
Oman to import LNG due to struggles with liquefied natural
gas (LNG) shortages after the 2011 revolution
*https://www.rt.com/business/376454-egypt-lng-import-gas/

Equatorial Guinea: Equatorial Guinea are benefiting from
European buyers trying to wean themselves off Russian gas
by taking advantage of short routes from Africa for LNG.
*http://uk.reuters.com/article/uk-asia-lng-equatorial-idUKKCN11R0NR/

Ethiopia: Ethiopia, Djibouti, China to launch $4B nat. gas
project. Under the project, Ethiopia could export 10M cubic
meters of LNG to China each year

Estonia: Estonia has started to import LNG from Poland, in
addition to Russia. Estonia is also considering importing LNG
from Lithuania.

Finland: Tornio Manga LNG Terminal is set to become the
biggest receiving terminal in the Nordic region upon its
scheduled completion in April 2018.

France: French prices had to rise to encourage LNG imports,
and therefore compete with Japan, China, India, and others
*http://blog.argusmedia.com/french-gas-becomes-worlds-most-expensive/

Germany: Germany examines LNG for port vehicles. A pilot
phase involves mobile fueling stations and conversion of
port vehicles to work on LNG.
*http://www.upi.com/Germany-examines-LNG-for-port-vehicles/1131483529416/

Greece: The Alexandroupolis LNG terminal in Northern
Greece will enhance energy security of Bulgaria and
differentiate its sources and routes of natural gas supply.
*http://www.ogfj.com/articles/print/volume-14/issue-4/features/india-wants-a-gas-based-economy.html

Indonesia: Indonesia, one of the world’s leading LNG
exporters, faces a huge gas deficit as its demand is rising
faster than its supply.
*http://interfaxenergy.com/gasdaily/article/23885/indonesia-seeks-more-lng-import-deals

Iran: Iran’s construction of LNG plants have stalled for years
due to past international sanctions. Such facilities aren’t a
priority given an impending worldwide glut of liquefied gas.
*http://gcaptain.com/iran-inaugurates-natural-gas-projects-south-pars-field/

Ireland: Irish concerned that a post-Brexit trade regime
could lead to tariffs being imposed on gas piped into Ireland
from Britain
*http://www.belfasttelegraph.co.uk/business/news/500m-gas-terminal-plan-resurrected-in-wake-of-brexit-
35621339.html

Italy: Italy’s new national Energy Strategy (NES) will lay out
plans to develop an additional LNG terminal and increase
the country’s storage capacity.
*http://interfaxenergy.com/gasdaily/article/25138/italy-may-soon-have-a-new-lng-terminal

Jamaica: Jamaica could become a hub for the purchase and
redistribution of LNG in the region as it moves to LNG fueled
power plants

Japan: India and Japan have agreed to work together to
pushing for the relaxation of the destination clause in long-
term LNG supply contracts.
*http://www.thehindubusinessline.com/economy/indiajapan-to-push-for-removal-of-destination-clause-in-lng-contracts/article8106985.ece

Jordan: Egypt will export gas to Jordan when its own supply
is assured, i.e. in 2018 or 2019.
*http://www.globes.co.il/en/article-egypt-commits-to-supply-gas-to-jordan-from-2018-1001184302

Kazakhstan: Kazakhstan has launched an LNG-fired power
plant in Astana. LNG is supplied to the plant by Russia.

Kenya: The Kenyan government is talking to two Floating
Storage Regasification Unit companies that would be able to
fund and install an LNG import vessel at Mombasa

Lithuania: Importing Norwegian LNG during the off-the-
heating-season period when LNG should be cheaper than
Russian gas
*http://www.gulf-times.com/story/543586/Qatar-set-to-remain-dominant-force-in-global-LNG-i

Malaysia: Malaysia, the world’s 3rd largest LNG exporter, to
export world's first LNG from floating production unit
*http://www.businesstimes.com.sg/energy-commodities/malaysias-petronas-achieves-first-gas-for-floating-lng-facility

Mexico: 18 of the 90 cargoes that left the US since February
2016 have been destined for Mexico
*https://www.forbes.com/sites/judeclemente/2017/04/05/mexico-is-also-importing-u-s-liquefied-natural-gas/#60ef161d4e29

Morocco: Morocco’s delay to LNG terminal tender may push
the project’s startup beyond 2021 and full completion until
after 2025.*http://interfaxenergy.com/gasdaily/article/24225/domestic-gas-may-sway-morocco-on-lng-project

Mozambique: LNG facility is scheduled for operation by
2018. Japan, Korea, India and China bought significant
stakes in Mozambique oil lease holdings
*http://interfaxenergy.com/gasdaily/article/23111/government-approves-key-moz-lng-agreements

Namibia: Xaris Energy’s 250 MW LNG-to-power project in
Namibia is “still under discussion” with the government
*http://interfaxenergy.com/gasdaily/article/24486/more-delays-still-no-ppas-for-namibian-gas-to-power

Netherlands: Lithuania and NL interested in cooperating on
the use of LNG in public transport highlighting the
importance of securing low-carbon energy economy.

Norway: Norway sees Australia as top target market for LNG
imports

Nigeria: Talks with potential buyers on new contracts for gas
supplies from its first three production units at its liquefied
natural gas (LNG) terminal
*http://timesofindia.indiatimes.com/business/international-business/nigeria-lng-starts-talking-to-buyers-on-new-contracts/articleshow/58045106.cms

Oman: Produced 8.5 million tonnes of liquefied natural gas
(LNG) in 2016 with capacity utilization of 73.5 per cent.
*http://timesofoman.com/article/106221/Business/Oman-LNG%27s-production-hits-85-million-tonnes

Pakistan: Russia wants to build a North South LNG pipeline
with Pakistan to link LNG terminal in Karachi with Lahore. US
is putting pressure on Pakistan.
*https://dnd.com.pk/putin-visit-to-pakistan/127315

Panama: Panama Canal to See 550 U.S. LNG Tankers a Year
After Expansion
*https://www.bloomberg.com/news/articles/2016-07-01/panama-canal-to-see-550-u-s-lng-tankers-a-year-after-expansion

Papa New Guinea: Unrest poses threat to LNG investment
*http://www.emtv.com.pg/business/2017/03/unrest-poses-threat-to-investment-in-papua-new-guinea-says-report/

Peru: The expansion of the Panama Canal allowing it to be
used by standard LNG tankers means Peru’s shipping
distance to Britain is now comparable to Qatar’s.
*https://staticseekingalpha3.a.ssl.fastly.net/uploads/sa_presentations/4/5004/slides/17.jpg?1486062528

Poland: Poland Trucking LNG to Estonia via tank trucks.
*https://staticseekingalpha3.a.ssl.fastly.net/uploads/sa_presentations/4/5004/slides/17.jpg?1486062528

Portugal: A rush for LNG in Portugal is similar to nearby
Spain and southern France, where hub prices spiked on spot
products, on soaring demand and reduced supply.
*https://www.icis.com/resources/news/2017/02/16/10079767/portugal-prepares-for-record-sixth-lng-cargo-in-february/

Qatar: Britain's exit from the European Union is an
opportunity to boost supplies of liquefied natural gas to the
world's fifth-largest economy

Romania: The Interconnector Azerbaijan-Georgia-Romania-
Hungary (AGRI) is expected to transport Azeri LNG from
Georgia, across the Black Sea, to a Romanian LNG terminal.
*http://www.azernews.az/business/110810.html

Russia: Putin Says Russia Will Become World’s Top LNG
Producer
* http://finance.yahoo.com/news/putin-says-russia-become-world-200000465.html

Singapore: More Japanese trading houses and international
resource developers are using Singapore as a hub for Asian
LNG operations.
* http://asia.nikkei.com/Business/Trends/Singapore-realizing-LNG-hub-dreams-as-trading-houses-file-in

Senegal: BP plans LNG hub off Senegal, Mauritania. The
partners plan to process and transport gas offshore fields to
a nearshore LNG facility to be completed by 2018
* http://asia.nikkei.com/Business/Trends/Singapore-realizing-LNG-hub-dreams-as-trading-houses-file-in

South Africa: South Africa will invest $3.7 billion to build
infrastructure for a gas-to-power program aimed at easing
the country’s dependence on coal.
* https://www.bloomberg.com/news/articles/2016-10-03/south-africa-s-richards-bay-coega-to-be-part-of-gas-to-power-itufjvlh

South Korea: World’s 2nd Largest LNG Importer to Boost
Consumption. LNG’s share of the power supply to grow to
37% by 2030 to support renewables growth
* http://oilprice.com/Latest-Energy-News/World-News/Worlds-2nd-Largest-LNG-Importer-to-Boost-
Consumption.html

Spain: The largest re-exporter of the fuel, is hanging onto its
LNG cargoes. Spanish gas demand rose driven by colder
weather and lower wind and hydro generation
* https://www.bloomberg.com/news/articles/2017-01-10/europe-left-in-the-cold-as-frost-triggers-global-hunt-for-lng

Taiwan: Taiwan uses LNG to fuel its gas-powered power
plants. The world’s fifth largest LNG buyer, boosted its
imports by 2.7 percent in 2016.
http://www.lngworldnews.com/taiwan-ups-september-lng-imports/

Tanzania: LNG project stalls as uncertainty rises. Despite
high-profile efforts to accelerate the development of
Tanzania’s LNG assets, there is no clear timeline.
https://www.fairobserver.com/region/africa/tanzania-africa-news-lng-industry-33035/

Thailand: Southeast Asia’s second-largest economy will
boost LNG imports by more than 70 percent this year.
*https://www.marinelink.com/news/thailand-imports-boosts423539

Trinidad and Tobago: LNG brings in the least amount of
revenue for the Government compared to the industries in
the petrochemical sector.

Turkey: Turkey’s new floating storage and regasification unit
(FSRU) will alleviate strain on seasonal imports and enables
the country to diversify its sources of supply
http://www.lngworldshipping.com/news/view,turkeys-floating-lng-imports-deliver-cheaper-gas-and-energy-security_46783.htm

UAE: UAE will review every proposed LNG power project as
a project that’s not subsidized. UAE to switch half its power
needs to clean energy by 2050.
https://www.lngindustry.com/liquefaction/31032017/uae-to-review-every-proposed-lng-power-project/

UK: Natural gas shortages aren’t an immediate risk
because liquefied natural gas import terminals are using
about a third of their capacity.
https://www.bloomberg.com/news/articles/2017-04-12/u-k-post-brexit-economy-depends-on-energy-market-that-s-a-mess

USA: After six decades, U.S. set to turn natural gas exporter
amid LNG boom
http://www.reuters.com/article/us-usa-natgas-lng-analysis-idUSKBN1700F1

Vietnam: Vietnam eyes 2023 start date for LNG imports.
LNG imports will help Vietnam to meet growing electricity
demand.
http://www.lngworldshipping.com/news/view,vietnam-eyes-2023-start-date-for-lng-imports_45354.htm

Yemen: Yemen LNG is unlikely to restart operations
imminently despite claims by the government that IOCs will
return to areas near gas production and export facilities.
*http://interfaxenergy.com/gasdaily/article/25113/yemen-lng-unlikely-to-restart-anytime-soon

Global LNG Import Export Snapshot April 2017

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Global LNG Import Export Snapshot April 2017