A very interesting article (AFR). My summary: Expected new LNG...

A very interesting article (AFR). My summary:

Expected new LNG project approvals this year:

USA and Mozambique dominate with a total of 58m tonnes per annum of supply expected to come online in several years time (Bernstein Research).

OZ and PNG’s best prospects amount to a further 64m tonnes per annum for projects that are preparing for or carrying out initial design work and targeting formal go-ahead for construction starting 2020.

Projects beyond this risk missing the market window, according to Bernstein:

Total LNG demand forecast to reach 464m tonnes per annum in 2025 requiring 516m tonnes capacity (assuming 90% utilisation rate).

377m tonnes of existing capacity.

94m tonnes currently in construction.

Leaves a deficit of 45m tonnes capacity still needed, but...

The total capacity of projects targeting go-ahead this year or next is double that 45m tonnes of missing capacity!

Expansion of Exxon led PNG LNG and the Total led Papua LNG project are regarded as likely to go ahead next year.