Spot liquefied natural gas prices in Asia are expected to decline as additions to global supply capacity outstrip growth in demand and as oil prices ease. The Asian LNG futures curve suggests a modest tapering in spot prices over 2019 and 2020.
US liquefied natural gas exports and pipeline shipments to Mexico are both forecast to increase until 2025, though pipeline export growth to Mexico slows and LNG exports continue rising through 2030.
Even if the massive arrival of US LNG on the markets over the next few years will fundamentally change the configuration of world gas supply, a distinction must nonetheless be made between the short term and the long term, and between the European and Asian markets.
Qatar Petroleum and ExxonMobil finally made their investment decision to proceed with development of the Golden Pass LNG export project in Texas and awarded construction contracts to a US-Japanese consortium for work to begin within weeks and for the facility to be operational in 2024.
The Canadian government, along with some provincial administrations, has set policies to cut methane emissions from between 40-45 percent of baseline value by the year 2025 and these regulations will affect pipelines and energy installations, including LNG liquefaction plants.