Related Articles
Forward article link
Share PDF with colleagues

Shell predicts LNG market tightening

The world’s largest LNG portfolio player sees a market rebalancing on the horizon

Global LNG is “clearly a well-supplied market”, but Shell believes that the market dynamics could shift again over the next few years. “We do not use the term oversupply—as all of the LNG being produced is being absorbed,” a spokesman for the firm tells Petroleum Economist.  But Shell’s supply-demand analysis suggest that the LNG market is “more than three-quarters through the rapid supply growth” coming from liquefaction projects that were sanctioned between 2011 and 2015. “After this we expect to see little new supply coming in and inevitable tightening of the market.”  Shell analysts see a similar difference between the short and medium-term outlooks for demand. During 2017 and 2018 Asi

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
BP and Singapore’s Pavilion ink LNG supply deal
11 June 2021
BP and a Temasek subsidiary sign a long-term LNG supply deal with a full-cycle emissions ambition
Stronger finances deliver Trafigura trading windfall
10 June 2021
The Singapore-headquartered trader is able to do more, and boost profit, due to enhanced access to credit
US downstream faces emissions scrutiny
10 June 2021
Biden’s low-carbon pledge could mean tighter regulations and punishment for serial emitters
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video