The Increasing Role of China and India in the Global LNG Market

1 Table of contents
1 Table of contents 3
1.1 List of Tables 5
1.2 List of Figures 6
2 Introduction 7
2.1 Overview 7
2.2 Report Guidance 7
3 Global LNG Market – Key Trends and Demand-Supply Scenario 8
3.1 Global LNG Market, an Overview 8
3.1.1 Global Natural Gas Reserves and LNG Production Capacity, 2000-2015 8
3.1.2 Global LNG Market, Key Players, 2009-2015 12
3.2 Global LNG Market, Key Trends 13
3.2.1 Climate Change Considerations Mandating Focus Towards Cleaner Energy Sources 13
3.2.2 National Oil Companies Will Be Driving LNG Industry Growth in Developing Markets 14
3.2.3 Shifting Global LNG Trade Patterns Due to Rise of New LNG Import/Export Markets 14
3.2.4 Surplus Supply Coupled with Low Demand Increases Prominence of Developing LNG Markets 14
3.3 Global LNG Market, Demand-Supply Scenario 15
3.3.1 Global LNG Industry– Demand vis-à-vis Supply Scenario, 2009-2015 15
3.3.2 Global LNG Industry – Contracted Capacity, Trade Flows and Transportation, 2000-2015 16
4 China and India in the Global LNG Industry 22
4.1 China and India’s Contribution to Global LNG Regasification Capacity and Growth, 2009-2015 22
4.2 Contribution of China and India to Global LNG Contracted Capacity, 2009-2015 25
4.3 Contribution of China and India in Global LNG Imports, 2004-2015 27
4.4 China and India- Planned LNG Terminals, 2009-2015 30
5 LNG Industry in China – High Natural Gas Demand Driving Regasification Capacity Growth 32
5.1 China’s Natural Gas Scenario 32
5.1.1 China Natural Gas Industry, Reserves Growth, 2000-2008 32
5.1.2 China Natural Gas Industry, Production and Consumption Growth, 2000-2015 33
5.2 China, LNG Regasification Industry, 2000-2015 35
5.2.1 China LNG Regasification Industry Growth, 2000-2015 35
5.2.2 China, Position In World Regasification Industry, 2009-2015 36
5.3 China, LNG Imports, 2004-2015 36
5.3.1 China, LNG Imports Growth, 2004-2015 36
5.3.2 China, LNG Contracted Capacity Growth, 2010-2015 37
5.4 China Planned LNG Regasification Terminals, 2010-2015 38
5.5 China LNG Industry: Key Drivers and Challenges 40
5.5.1 High Demand from Both Domestic and Industrial Sectors Drives Growth of China’s LNG Industry 40
5.5.2 Moving Towards Green Energy Necessitates Increased Use of Natural Gas 41
5.5.3 Huge Increase in Contracted LNG Supplies Will Need Investment in Natural Gas Storage Infrastructure 41
6 LNG Industry in India – Securing Future Energy Demand Mandates Growth 42
6.1 India’s Natural Gas Scenario 43
6.1.1 India Natural Gas Industry, Reserves Growth, 2000-2008 43
6.1.2 India Natural Gas Industry, Production and Consumption Growth, 2000-2015 43
6.2 India, LNG Regasification Industry, 2000-2015 45
6.2.1 India LNG Regasification Industry Growth, 2000-2015 45
6.3 India LNG Imports, 2004-2015 46
6.3.1 India LNG Imports Growth, 2004-2015 46
6.3.2 India, LNG Contracted Capacity Growth, 2010-2015 46
6.4 India, Planned LNG Regasification Terminals, 2010-2015 47
6.5 India LNG Industry, Key Drivers and Challenges 49
6.5.1 Growing Demand from Fertilizer and Power Sectors Will Drive Demand 49
6.5.2 Non-availability of Alternative Import Options Will Lead To Increased LNG Consumption 49
6.5.3 High LNG Import Prices May Hamper the Growth of Regasification Industry 49
7 Long-Term LNG Contracts – Securing LNG Supplies From China and India’s Perspectives 50
7.1 LNG Contracts of Chinese Companies 50
7.2 China- Australia LNG Contracts 50
7.2.1 North West Shelf Australia LNG – Guangdong LNG Supply Agreement (2006-2031) 51
7.2.2 Royal Dutch Shell – PetroChina Co. Ltd. Supply Agreement (2014-2034) 51
7.2.3 China National Offshore Oil– BG Group Project Development Agreement (2014-2034) 52
7.2.4 ExxonMobil – Petrochina Co. Supply Agreement (2014-2034) 52
7.3 China-Qatar LNG Contracts 52
7.3.1 Qatar Gas- CNOOC Supply Agreement (2009-2034) 52
7.3.2 Qatar Gas- Petrochina Supply Agreement (2010-2035) 53
7.4 China, Other Major Long-term LNG Contracts 53
7.4.1 Exxon Mobil PNG LNG - China Petroleum & Chemical Corporation Supply Agreement (2014-2034) 53
7.4.2 Tangguh LNG Partners - CNOOC Limited Supply Agreement (2009-2034) 53
7.4.3 Malaysia LNG Tiga Sdn. Bhd. - Shanghai LNG Company Limited (2009-2034) 53
7.4.4 Pars LNG - Petrochina International Company Limited (2011-2036) 53
7.5 LNG Contracts of Indian Companies 53
7.5.1 Petronet – ExxonMobil Gorgon LNG Supply Agreement (2014-2034) 54
7.5.2 India-Iran LNG Supply Contract (2012-2037) 54
7.5.3 OKLNG OpCo - Royal Dutch Shell Plc 54
7.5.4 Oman LNG LLC - Dabhol Power Company (2005-2025) 54
7.5.5 Rasgas-Petronet Supply Contract (2004-2028) 54
7.6 Possible LNG Sourcing Options for Chinese and Indian Companies 55
7.6.1 China Future LNG Options 55
7.6.2 India Future LNG Options 56
8 Growing LNG Markets in China and India – The Global Impact 57
8.1 Oceania LNG Liquefaction Supplies: Heavy Dependence On Indo- Chinese Market 57
8.2 Growing Natural Gas Demand in China-India Will Attract LNG Suppliers World-Wide 59
8.3 Increase of Domestic Natural Gas Supplies in The US Prompt Global LNG Suppliers to Eye the Indo-Chinese Market 59
8.4 Growing LNG Demand in China and India Will Make Global LNG Trade Movements More Centered Around the Asia-Pacific 60
8.5 Growth Of China-India LNG Market: Effect On Prices 60
9 Appendix 61
9.1 Abbreviations 61
9.2 Methodology 61
9.2.1 Coverage 62
9.2.2 Secondary Research 62
9.2.3 Primary Research 63
9.2.4 Expert Panel Validation 63
9.3 Contact Us 63
9.4 Disclaimer 63 1.1 List of Tables
Table 1: Global, Natural Gas Reserves of Top 5 Countries (Tcf), 2008 9
Table 2: Global Historical and Forecast LNG Liquefaction Capacity (MMTPA), 2000-2015 10
Table 3: Global Historical and Forecast LNG Regasification Capacity (Bcf), 2000-2015 11
Table 4: Global Liquefaction Capacity, Top 5 Countries By Capacity (MMTPA), 2009 and 2015 12
Table 5: Global Regasification Capacity, Top 5 Countries by Capacity (Bcf), 2009 and 2015 13
Table 6: Global, LNG Demand vs Supply (MMTPA), 2009- 2015 15
Table 7: Global Long-Term LNG Contracts, Contracted Capacity (MMTPA), 2000-2015 17
Table 8: Global, Top 5 LNG Exporters by Long-Term LNG Contracted Capacity (MMTPA), 2009 17
Table 9: Global, Top 5 LNG Importers by Long-Term LNG Contracted Capacity (MMTPA), 2009 18
Table 10: Global, Top 5 LNG Exporters by Long-Term LNG Contracted Capacity (MMTPA), 2015 20
Table 11: Global, Top 5 LNG Importers by Long-Term LNG Contracted Capacity (MMTPA), 2015 21
Table 12: China-India, Growth In Regasification Capacity (Bcf), 2004-2015 24
Table 13: China-India, Combined Long-term Contracted LNG Supply (MMTPA), 2009-2015 26
Table 14: China-India, Combined Historical and Forecast LNG Imports (MMTPA), 2004-2015 28
Table 15: Global, Major Countries By Planned LNG Terminals and Regasification Capacity (Bcf), 2015 31
Table 16: China, Growth In Natural Gas Reserves (Tcf), 2000-2008 33
Table 17: China, Natural Gas Production and Consumption (Bcf), 2000-2015 34
Table 18: China, LNG Regasification Capacity Growth (Bcf), 2006-2015 35
Table 19: China, Active Regasification Terminals, 2009 36
Table 20: China, LNG Imports (MMTPA), 2006-2015 37
Table 21: China, Contracted LNG Capacity (MMTPA), 2010-2015 37
Table 22: China, List of Planned Terminals, 2010-2015 38
Table 23: China, Planned LNG Terminals, Equity Details, 2009 40
Table 24: India, Growth In Natural Gas Reserves (Tcf), 2000-2008 43
Table 25: India, Production and Consumption Growth (Bcf), 2000-2015 44
Table 26: India, Regasification Capacity Growth (Bcf), 2004-2015 45
Table 27: India, LNG Imports (MMTPA), 2004-2015 46
Table 28: India, LNG Contracted Capacity (MMTPA), 2010-2015 47
Table 29: India, Planned Regasification Plants, 2010-2015 47
Table 30: India, LNG Planned Plants, Equity Details, 2009 49
Table 31: China, Summary Of Major Long-term LNG Contracts, 2009 55
Table 32: India, Summary Of Major Long-term LNG Contracts, 2009 56
Table 33: Global, Planned LNG Liquefaction Capacity Through New Build Terminals by Region (MMTPA), 2015 57
Table 34: Oceania, Growth in LNG Liquefaction Capacity (MMTPA), 2009-2015 58 1.2 List of Figures
Figure 1: Global Natural Gas Reserves, Share of Top 5 Countries (%), 2008 8
Figure 2: Global Historical and Forecast LNG Liquefaction Capacity (MMTPA), 2000-2015 9
Figure 3: Global Historical and Forecast LNG Regasification Capacity (Bcf), 2000-2015 11
Figure 4: Global Liquefaction Capacity Share of Top 5 Countries (%), 2009 and 2015 12
Figure 5: Global Regasification Capacity Share of Top 5 Countries (%), 2009 and 2015 13
Figure 6: Global, LNG Demand vs Supply (MMTPA ), 2009- 2015 16
Figure 7: Global, Major LNG Trade Movements Based on Long-term LNG Supply Contracts (MMTPA), 2009 19
Figure 8: Global, Major LNG Trade Movements Based on Long-term LNG Supply Contracts (MMTPA), 2015 22
Figure 9: China-India, Growth In Regasification Capacity (Bcf), 2004-2015 23
Figure 10: Global, Top 10 Countries By Regasification Capacity (Bcf), 2015 24
Figure 11: Global, Major Countries By Regasification Capacity (Bcf) and Growth Rate (%), 2015 25
Figure 12: China-India, Combined Share of Contracted LNG In Total LNG Regasification Capacity (MMTPA), 2009-2015 26
Figure 13: China-India, Combined Share Of Contracted LNG In Global Contracted LNG Capacity, Percentage, 2009 and 2015 27
Figure 14: China-India, Global Position By Contracted LNG Capacity, MMTPA, 2009-2015 27
Figure 15: China-India, Combined Historical and Forecast LNG Imports (MMTPA), 2004-2015 28
Figure 16: China-India, Combined Share (%) in Global LNG Imports, 2004-2008 29
Figure 17: Global, Major Countries By Planned LNG Terminals and Regasification Capacity (Bcf), 2015 30
Figure 18: China, Primary Energy Consumption By Fuel Type, 2008 32
Figure 19: China, Growth In Natural Gas Reserves (Tcf), 2000-2008 33
Figure 20: China, Natural Gas Production and Consumption (Bcf), 2000-2015 34
Figure 21: China, LNG Regasification Capacity Growth (Bcf), 2006-2015 35
Figure 22: China, Change in Global Position in Terms of LNG Regasification Capacity (Bcf), 2009-2015 36
Figure 23: China, LNG Imports (MMTPA), 2006-2015 37
Figure 24: China, Change in Global Position in Terms of Contracted LNG Capacity, 2009-2015 38
Figure 25: China, Location Of Planned Terminals, 2010-2015 39
Figure 26: China, Planned LNG Terminals, Equity Share (%) of National Oil Companies, 2009 39
Figure 27: India, Primary Energy Consumption by Fuel Type, Percentage Share, 2008 42
Figure 28: India, Growth In Natural Gas Reserves (Tcf), 2000-2008 43
Figure 29: India, Production and Consumption Growth (Bcf), 2000-2015 44
Figure 30: India, Regasification Capacity Growth (Bcf), 2004-2015 45
Figure 31: India, LNG Imports (MMTPA), 2004-2015 46
Figure 32: India, Change in Global Position in Terms of Contracted LNG Capacity (MMTPA), 2009-2015 47
Figure 33: India, Location Of Planned Regasification Plants, 2010-2015 48
Figure 34: China, Long-term LNG Supply Contracts, 2015 50
Figure 35: India, Long-Term LNG Supply Agreements (MMTPA), 2015 54
Figure 36: Global, Share (%) of Regions in Planned LNG Liquefaction Capacity, 2015 57
Figure 37: Oceania, Growth in LNG Liquefaction Capacity (MMTPA), 2009-2015 58
Figure 38: China and India, Growth In Natural Gas Consumption (Bcf), 2000-2015 59
Figure 39: Methodology 62