PIRA: LNG Supply up as demand growth stalls

NYC-based PIRA Energy said it believes that significant increases in LNG supply are occurring just as it appears that demand growth is stalling.

Around 75% of the supply growth will occur in Asia through the end of 2017, which will have several forms of impact on trade flows, PIRA noted in its weekly report.

The market has realized its first flirtation with summer 2012-type EG sector gas burns in June, triggering the first sizeable year-on-year reduction in the storage surplus.

Next month looms as pivotal for a gas EG upswing, and given the July 2014 huge CDD shortfall relative to the 10-year average, normal CDDs should trigger a huge year-on-year boost.

However, bearish HH price risks will linger in the absence of such weather-related demand, PIRA added.

 

 

 

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >