By continuing to browse the site you are agreeing to our use of cookies. Find out more Close LSE 990.00p at 16:35 BST Contacts Search ABOUT US WHERE WE WORK SUSTAINABILITY INVESTORS MEDIA CAREERS Filter ALL DATES ALL COUNTRIES ALL CATEGORIES ALL CONTENT ALL KEYWORDS RESET NEWS 4 MARCH 2015 Print Share Close Our view on the global LNG market – 2015 For the LNG market, 2015 will be marked by increasing volatility as we see new 'waves' of supply start to add volume together with new markets opening up, according to our annual Global LNG Market Outlook published today. Andrew Walker, BG Group Vice President of Global LNG, commented: "After four years of flat supply we are entering a period of supply growth. 2014 marked the start-up of a new wave of supply from Australia. This will be joined by the first volumes from the US Gulf of Mexico around the end of 2015. This new supply will be absorbed by continued growth in Asian demand, together with the creation of up to six new markets1 in 2015, further diversifying the LNG trade and opening up new sales opportunities." "After four years of flat supply we are entering a period of supply growth" ANDREW WALKER VICE PRESIDENT OF GLOBAL LNG "While we see good growth in LNG imports into Asia in 2015, key influences that will affect demand include the rate of return of Japanese nuclear power-plants, economic growth rates for China and South Korea, as well as when the new markets begin importing. Over the longer-term BG Group continues to expect LNG trade worldwide to exceed 400 million tonnes per year by 2025, representing an annual growth rate of around 5% – almost twice the rate of expected growth in global gas consumption." Although the industry expects five new liquefaction trains and one floating LNG (FLNG) production facility to start-up in 2015, Dr Walker noted that "these will be towards the end of the year limiting incremental supply in 2015 to around 7 million tonnes. How the market responds to the growing volumes in 2016 and 2017 will be a key factor to watch. We expect the LNG market to become more volatile over the next few years as it responds to 'lumpy' supply and market-side additions plus exogenous supply and demand factors." Dr Walker explained that "we see fewer final investment decisions being taken in 2015 than previously expected, which will mean less LNG is available to the market at the end of the decade. This uncertainty brings into sharper focus the attractiveness of flexible supply portfolios which can respond to changing market dynamics." Global LNG Market Outlook 2014/15 Global trade summary for 2014. READ FULL REPORT (PDF 2MB) Notes to Editors: 1 Egypt, Jordan, Pakistan, Philippines, Poland, and Uruguay. BG Group plc (LSE: BG.L) is a world leader in natural gas, with a broad portfolio of business interests focused on exploration and production and liquefied natural gas. Active in more than 20 countries on five continents, BG Group combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves. There are matters set out within this announcement that are forward-looking statements. Such statements are only predictions, and actual events or results may differ materially. For a discussion of important factors which could cause actual results to differ from these forward-looking statements, refer to BG Group's Annual Report and Accounts for the year ended 31 December 2013. BG Group does not undertake any obligation to update publicly, or revise, forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required. Related GLOBAL ENERGY MARKETING & SHIPPING LNG ANDREW WALKER GLOBAL Print Share Close VIDEO In conversation with Helge Lund - Climate change 29 July 2015 FEATURE Supporting Higher Education in Tanzania SHELL OFFER UPDATE European Commission approval of Shell offer received 2 September 2015 NEWS Lake Charles LNG receives FERC Final Environmental Impact Statement 19 August 2015 VIDEO Brazil - an update on our operations in the Santos Basin 13 August 2015 FEATURE Community participation in environmental assessments in Canada PRESS RELEASE BG Group starts up sixth FPSO in the Santos Basin, offshore Brazil 3 August 2015 TRANSCRIPT Q2 2015 Results Transcript 31 July 2015 PRESENTATION Q2 2015 Results Presentation BG Group | 31 July 2015 Load next Speak Up We want anyone who has concerns about our conduct to speak up Find a job at BG Group We work across the world and need more experts to help us achieve our goals Join us on Flickr YouTube Twitter Linkedin © BG Group 2015 | All rights reserved Accessibility Help Legal Privacy Site index