世界LNG市场2011.pdf

World LNG market: current developments and prospects CEDIGAZ Armelle Lecarpentier Ordinary General Meeting CEDIGAZ, Rueil Malmaison, 24 June 2011 Introduction: an exceptional 2010 year • Spectacular growth in world gas supply in 2010 (+ 7.2%) largely compensating for the 2009 historic decline • Many growth factors (economic recovery, climatic conditions, gas price competitiveness, dynamism of emerging markets) • New records set for: – US production (+ 4.8%) and consumption (+ 5.6%) – European gas consumption (+ 7.5%) – International pipeline gas and LNG trade (+ 11%) – Production/consumption in the Middle East and Asia – Russian gas production (+ 11.6%) • Record growth for world LNG trade (+22%) to 296 bcm: very strong economic recovery in Asia, build up of Qatari deliveries to Europe, emergence of new markets (Latin America, Middle East)... Ordinary General Meeting CEDIGAZ, Rueil Malmaison, 24 June 2011 World LNG trade in 2011 • Expected double-digit growth rate of world LNG trade (+12-18%), • Supply growth led for more than 2/3 by Qatar (+ Qatargas IV in Feb-2011), and to a lesser extent, Yemen and Peru • Indonesian LNG exports decline: -15% • The UK overtook Spain as the world third largest LNG importer after Japan and South Korea • Growing Qatari LNG imports in Belgium and France too • LNG growth in Asia in both emerging (China, India) and traditional markets (economic growth, Japan nuclear crisis) Ordinary General Meeting CEDIGAZ, Rueil Malmaison, 24 June 2011 Regasification prospects Projects under construction and probable: 2011-2015 Emerging markets – Latin America Asia Industrialized markets