The first change is the shift in the LNG market from a period of undersupply and high prices in 2011–2014, to a glut of new supply. The identity of the new suppliers is as important as the volumes. The previous supply surge, around 2008–2009, was led primarily by Qatar,
The makings of the market and technological trends in LNG have been simmering for the last decade. But rapid transformation in LNG business models did not happen until cyclic conditions were supportive. On the supply side, a wave of new supply — and supply options — is combining withuncontracted volumes to drive down prices. On the demand side, buyer power has emerged. Quicker, cheaper and more flexible access is combining with cost andenvironmental drivers to create new markets.
© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.
KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.