CEDIGAZ, the International Association for Natural Gas The LNG market in 1 Geoffroy Hureau Secretary General - Cedigaz
LNG Demand grew % in 1 3 Growth rate LNG Demand Average growth -11 % % 1% 1 1% 1 % % 1 3 7 9 1 11 1 13 1 1 1 -% Cedigaz Statistical DB & LNG Service includes Thomson Reuters Eikon data 17 - Vienna
Annual Changes in Supply (1-1) 1 1 1 1 1 1 Supply by region () 1 1 - - Cedigaz Statistical DB & LNG Service includes Thomson Reuters Eikon data 17 - Vienna NORTH AMERICA MENA LATIN AMERICA EUROPE CIS ASIA OCEANIA AFRICA (Sub-S.) 3
Annual Changes in Net Imports (1-1) 1. 1. 1-1 1-1.. -. NORTH AMERICA - - China India Egypt Pakistan Jordan France Spain UAE Kuwait Poland Lithuania Chile Cedigaz Statistical DB & LNG Service includes Thomson Reuters Eikon data Taiwan Italy Thailand Singapore Puerto Rico Greece Israel Portugal Sweden Dominican Republic South Korea Turkey United States Canada 17 - Vienna Argentina Malaysia Netherlands Belgium Mexico Japan United Kingdom Brazil MENA LATIN AMERICA EUROPE ASIA OCEANIA
Recent importers (since 1) and FSRU s played a key role 1 1 Recent importers* 1 1 1% FSRU 1 1 - - ASIA OCEANIA MENA EUROPE NORTH AMERICA LATIN AMERICA - - ASIA OCEANIA MENA EUROPE NORTH AMERICA LATIN AMERICA 17 - Vienna
Intra regional trade grew by 1% - Inter regional trade declined by 3% Imports by origin (change from 1 to 1) Exports by destination (change from 1 to 1) 1 1 NORTH AMERICA 1 MENA 1 NORTH AMERICA LATIN AMERICA EUROPE CIS MENA LATIN AMERICA EUROPE ASIA OCEANIA ASIA OCEANIA AFRICA (Sub-S.) - - -1-1 17 - Vienna
Prices increased in the nd semester 1 $/mmbtu 1-1 17 Japan spot - NBP Japan spot - HH NBP - HH NBP German Border HH Japan av. Japan Spot Brent $/mmbtu Reuters, Cedigaz Analysis 17 - Vienna 7
The Asian market tightened in Q3&Q Asia-Oceania supply/demand balance & spot prices Change in supply by origin from Q3 to Q 3 1 - Reuters 7 3 1 $/mmbtu Supply Demand Net Imports Japan Spot Price 7 3 1-1 NORTH AMERICA MENA LATIN AMERICA EUROPE CIS ASIA OCEANIA AFRICA (Sub-S.) Q1 Q Q3 Q - -3 17 - Vienna
FIDs and contractual activity Strong decline in FIDs Limited contractual activity 3 1 1 11 1 13 1 1 1 Australia Cameroon Canada Indonesia Malaysia Russia United States Australia-Expansion Malaysia-Expansion United States-Expansion Number of FIDs Number of projects 7 3 1 1 11 1 13 1 1 1 Africa Asia Oceania CIS Middle East North America Portfolio Nb of contracts 3 3 1 1 Number of contracts 17 - Vienna 9
Conclusion 1 highlights Acceleration of the LNG market growth in 1 (+%) Supply growth was essentially due to Australia Sabine Pass started production New demand came from Asia & the MENA region Europe was not needed as the market of last resort and received little US LNG Asia Oceania became the leading producing region in Q Trade flows evolved with a growth of intra regional trade and a decline in inter regional trade No sign of growing oversupply as prices increased in Q3&Q due to a tightening Asian market Limited contractual and project activity 17 - Vienna 1
CEDIGAZ, the International Association for Natural Gas CEDIGAZ 1 & Avenue de Bois-Préau 9 Rueil-Malmaison Cedex France www.cedigaz.org About CEDIGAZ CEDIGAZ is an international association dedicated to natural gas information and has more than 9 members in countries. CEDIGAZ data has been the industry's reference since its foundation in 191.