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The LNG Service provides the LNG analyst with all the data needed to follow the developments of the fast moving LNG market. The LNG Service includes comprehensive, quarterly updated, worldwide databases on liquefaction projects, regasification projects, long-term gas supply contracts and LNG trade between countries, as well as monthly bulletins on traded volumes and prices. The company reports allow for easy assessment and benchmarking of the main players in the market and the CEDIGAZ LNG Outlook provides CEDIGAZ’s views on medium and long-term LNG market perspectives.
Liquefaction plants: CEDIGAZ has identified 132 projects (not including project closed, suspended or canceled) representing over 1,300 mtpa of potential liquefaction capacity, of which 34 operating projects (287.37 mtpa), 17 projects under construction – plus one expansion project – with expected start-up dates from now to 2018 (133 mtpa) and 81 projects – plus 14 expansion projects – at different stages of planning (880 mtpa).
>>> Special features: quarterly updated,train level details, a dedicated spreadsheet allows the user to follow the authorization process for US and Canadian plants, historical production by plant.
LNG Databases – Liquefaction – Sample – Q4 2014
Asian LNG prices decrease start to show
In January 2015, LNG imports in Japan, South Korea and China grew by 0.8% compared to December 2014. Imports reached 14.7 million tons which is though 3.9% lower than January 2014 levels. January showed the first impacts of decreasing oil prices on LNG prices, as oil-linked contracts usually include a six-month lag. In Japan, the average import price decreased to its lowest point since September 2013 at $15.15/mmbtu in January, while it averaged $16.14/mmbtu in 2014. South Korean price dropped sharply, from $16.07/mmbtu in December (and $16.31/mmbtu on average in 2014) to $14.27/mmbtu in January.
NBP: Under temporary pressure
The NBP price averaged €23.4/MWh ($7.8/MBtu) in February, up nearly 14% compared to January. Two factors exerted upward pressure. First, taking the NBP to €25.7/MWh on Feb. 12, was the Dutch debate over Groningen and its level of production (66% of the country’s total) for 2015 and 2016. The latter was cut to 39.4 bcm from the initial target of 42.5 bcm, like in 2014. Proposals of 35 and 30 bcm were also heard. It was agreed to set the level at 16.5 bcm for first half 2015. Secondly, the negotiations between Russia and Ukraine in late February, with threats of cutting off gas deliveries, also gave cause for concern. The fact that a trilateral meeting took place and a prepayment was made in early March, even if it was small ($15 M for about 50bcm), slightly alleviated market pressure. In early March, the pressure lifted slightly and prices fell to €22.9 /MWh ($7.5/MBtu), 2% lower than in January. The market anticipated an average summer price of €21.6/MWh ($7/MBtu).