25
Nov
2021

LNG data Q3 ‘21: Unplanned maintenance, feedgas shortfalls slow down supply

Only Subscribers can read the full Article

LNG supply increased by 5.3 mt (6.3%) year on year in Q3 ‘21, reflecting a slowdown compared with the 7.45 mt (8.6%) increase in the previous quarter. Unplanned maintenance at liquefaction plants in Equatorial Guinea, Malaysia, Indonesia, Russia, Oman and Papua New Guinea and shortfalls in feedgas supply to the Nigeria LNG plant and Trinidad and Tobago’s Atlantic LNG plant resulted in trains operating below capacity.

With demand recovering in many markets as Covid-related restrictions were eased, weaker LNG supply growth led to a tightening market, which was a factor in the surge of natural gas and LNG prices in Europe and Asia, though in Europe, natural gas in storage in Q3 was at historically low levels, while uncertainty over pipeline gas supply from Russia were also factors in the surge in prices.

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.