The "The
Second Wave of US LNG Projects, Insights to 2025" report has
been added to ResearchAndMarkets.com's offering.
The global LNG industry is approaching a hiatus in growth as current
under-construction projects come online in the next 3 years without more
new supply in the pipeline. As oil prices dropped, industry investment
capital slowed, and project developers shifted their focus from speed to
cost savings. While this will cause a pause in supply growth, demand
growth continues.
China accounted for 40% of LNG demand growth in 2017 and is expected to
be a key driver of long-term demand growth through 2025 and beyond.
United States projects will be essential in supplying this growth, but
face a challenging competitive landscape. The second wave of US LNG
consists of a large number of projects, each trying to establish itself
as the best, most cost-efficient option for future LNG supply.
There are some primary drivers and risks to keep in mind, however.
While current projects would try to come online during the tightening
LNG supply market in 2023, they are in a race against time. The first
projects to declare FID will be heavily advantaged in the future, and
late projects may end up missing the second wave entirely.
In addition to demand growth, LNG supply projects have an opportunity to
capture legacy demand. A large chunk of legacy Asian purchase contracts
are coming to an end in this same time frame, and negotiators will
potentially have to renew contracts in light of new, inexpensive supply.
On the other hand, demand growth in Asia is not guaranteed. Growth in
Asian countries is partly determined by government policy, and partly
determined by volatile macroeconomic and geopolitical factors. Trying to
forecast these factors can be a guessing game.
Additionally, US LNG suppliers face the risk of international LNG
projects moving ahead. These projects may try to take cost-savings
learnings from US projects or take advantage of shipping advantages to
make their own projects more feasible. Further, these projects may not
be economically advantaged, but are endorsed by their governments.
Key Topics Covered
1. Executive Summary
2. Historical and Current Perspective on the Global LNG Market
3. The Second Wave of US LNG Projects - A Look Ahead at Demand and Supply
4. Drivers and Restraints of the Second Wave of the US LNG market
5. Viability and Success Factors of Top Second Wave LNG Projects
6. Growth Opportunities and Companies to Action
7. Key Conclusions
For more information about this report visit https://www.researchandmarkets.com/research/zc8bhj/the_second_wave?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180703005480/en/
Copyright Business Wire 2018
Source: Business Wire
(July 3, 2018 - 12:56 PM EDT)
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