NEW YORK, Nov. 25, 2015 /PRNewswire/ -- Global Liquefied
Natural Gas (LNG) Developments 2015 :
New Supply Options from the United
States and Australia Positioned to Transform Global LNG
Landscape
This study highlights the market trends that have triggered global
LNG industry growth Global natural gas demand is likely to increase
at a growth rate of 2%, driven by Asia-Pacific with countries such as
Japan, China, and India absorbing high volumes of LNG With the
glut of natural gas supply in Australia and recent developments in US shale
gas production, LNG trade will expand tremendously Going forward,
Frost & Sullivan forecasts this market to become a buyers'
market, where LNG prices will be linked to both crude oil and Henry
Hub gas prices The base year used for analysis is 2014; forecasts
run 2015 to 2025
Key Findings
-The oil and gas industry is a volatile one, where new technologies
and developments play a big role in shaping the dynamic
landscape
-The LNG market has progressed a great deal as a result of these
developments
-Compared to pipeline, LNG provides flexibility to regions that
lack domestic gas resources, and thus bridges the gap between the
gas-rich and gas-deficit regions
-On the demand side, most of the LNG consumption originates from
the Asia-Pacific regions
Japan consumes about % of the
world's total LNG supply, followed by China and India
-On the supply side, Qatar has, so
far, controlled the world's LNG supply market
-However, technological advancements in terms of hydraulic
fracturing have resulted in significant gas production from the
shale gas reserves in the United
States
-This is a game changer for the United
States, which will no longer be gas-deficit and dependent on
LNG imports
-On the other hand, Australia's
new liquefaction capacity is likely to come online by 2016, which
will act as an enabler in meeting the growing LNG demand
-The availability of excess LNG will make the market a buyers'
place, where consumers will have the advantage to procure LNG at
negotiable prices In addition, LNG consumers are likely to move
away from crude oil-linked LNG contracts
Read the full report:
http://www.reportlinker.com/p03419440-summary/view-report.html
About Reportlinker
ReportLinker is an award-winning market research solution.
Reportlinker finds and organizes the latest industry data so you
get all the market research you need - instantly, in one place.
http://www.reportlinker.com
__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/global-liquefied-natural-gas-lng-developments-2015-300184681.html
SOURCE Reportlinker