Global Gas Markets Long-Term Outlook H2 2017 - Executive Summary - a Stronger Recovery Ahead

  • ID: 4542484
  • Report
  • Region: Global
  • Wood Mackenzie
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An overview of our H2 2017 global gas outlook and prices; delivered as a PowerPoint presentation and a table with our spot price forecast With Asian LNG prices currently trading in excess of US$10/mmbtu, a three year high, some are questioning whether the much talked-about global LNG oversupply will ever materialize. We do not subscribe to that view. Despite positive signs of demand growth, particularly LNG in China, we still expect a wave of LNG coming to Europe, and with pipe suppliers determined to maintain market share, things are likely to get worse before they get better. But our new outlook features a less pronounced oversupply than previously anticipated. Higher Asian gas demand, lower supply in Australia and slippages in LNG project start ups means that the global gas/LNG market will be able to absorb the oversupply sooner.
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