19
Nov
2018

LNG data Q3 ‘18: Asian import growth outpaces supply increase

  • gm_today_article
  • gm_article
  • lng_article

Only Subscribers can read the full Article

LNG supply increased by 5.19 mt (7.1%) in Q3 ‘18. It marked an acceleration in the growth rate compared with Q2, as mid-year maintenance on several liquefaction plants came to end and output from Wheatstone Train 2 in Australia and Yamal Train 2 in Russia, commissioned in June and August 2018 respectively, built up to full capacity.

Asia’s LNG imports increased by 7.42 mt (14.5%) in Q3 and by 21.3 mt (13.7%) in the first nine months of the year. The quarterly increase was significantly higher than the growth of 5.19 mt in overall global production.

Initial estimates for LNG supply in October indicate that the acceleration has continued, with supply up by around 14% for the month. The outcome for Q3 takes the increase in supply in the first nine months of 2018 to 14.88 mt (6.9%) compared with the same period of 2017.

Subscription Benefits

Our three titles – LNG Business Review, Gas Matters and Gas Matters Today – tackle the biggest questions on global developments and major industry trends through a mixture of news, profiles and analysis.

LNG Business Review

LNG Business Review seeks to discover new truths about today’s LNG industry. It strives to widen market players’ scope of reference by actively engaging with events, offering new perspectives while challenging existing ones, and never shying away from being a platform for debate.

Gas Matters

Gas Matters digs deep into the stories of today, keeping the challenges of tomorrow in its sights. Weekly features and interviews, informed by unrivalled in-house expertise, offer a fresh perspective on events as well as thoughtful, intelligent analysis that dares to challenge the status quo.

Gas Matters Today

Gas Matters Today cuts through the bluster of online news and views to offer trustworthy, informed perspectives on major events shaping the gas and LNG industries. This daily news service provides unparalleled insight by drawing on the collective knowledge of in-house reporters, specialist contributors and extensive archive to go beyond the headlines, making it essential reading for gas industry professionals.

Did you know that your Internet Explorer Browser is out of date?

Your MS Internet Explorer browser is out of date, and will not be fully compatible with our website. For best browsing experience we recommend that you upgrade your IE browser to a more recent version or use an alternative, more recent browser.