Forecasted Decrease in Global LNG Supplies

According to BNEF forecasts, in the third quarter of this year, global LNG supplies are expected to slightly decrease compared to the previous quarter.

The Corporation expects shipments in the third quarter to be down 1.6% quarter-on-quarter to 99 million tonnes, while shipments in August could be down 2.6% from July.

The corporation lowered its third-quarter supply forecast in light of two main factors: first, the postponement of the commercial start date for Calcasieu’s US LNG export terminal. pass Until the end of next year, knowing that the station is capable of producing about 10 million tons of liquefied gas per year.

Factors Putting Pressure on Supplies

As for the second factor putting pressure on supplies in the third quarter, the decline in LPG production in Egypt, which has been hit by a heat wave this summer, has boosted local demand for gas for air conditioning purposes and reduced the amount of gas available for liquefaction and export.