文档介绍：Developments in the Global LNG Market
Would Venezuelan LNG find a ready Market ?
Association of Venezuelan Gas Processors Jean Vermeire
Caracas , 16 April 2009 President GIIGNL
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Presentation of GIIGNL
• The International Group of LNG Importers, better known by its French
acronym GIIGNL, is a non-anisation which was established in
Paris, France, in December 1971
• GIIGNL membership presently includes 61 panies from 20
countries of Asia, Europe and the Americas , or nearly pany
involved in the importation of LNG and the operation of LNG receiving
terminals
• Membership has evolved in line with the development of the LNG
industry and now includes gas merchant and panies,
panies and several of the major international oil
companies
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Legal Notice
• The information presented here represents the views of
the author and not necessarily those of the member
companies of the International Group of LNG Importers
(GIIGNL)
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Major Themes:
Global LNG Supply/Demand Outlook Near-term: next 5 years
Global LNG Supply/Demand Outlook Long-term: 2015-2030
Developments in LNG Markets and Trade
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Global LNG Supply/Demand Outlook : next 5 Years
« Sudden » supply overhang due to:
• Worldwide reduction gas demand, primarily in
industry and power (economic crisis, fuel switching to
cheaper oil)
• Collapse . LNG import needs (push
unconventional gas production)
• mitments on long-term pipegas in
Europe
• Sharp increase liquefaction capacity 2008-2009
(+50% over 2007) from pre-2006 FID’s 5
North America functions as market of last resort
and soaks up surplus
• LNG is price taker
• Increase of summer cargoes into G of M
• Low prices cause rapid decline . production
• Alternative of shutting-in LNG production technically and
commercially unattractive
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US Lower-48 Regional Wet Gas Capacity
70
60 Total US Lower-48
Gulf of Mexico
50
Mature Basins
Billion Includes Arkoma (Fayettevil