LNG - Demand expected to surpass contracted supply early next decade
 

# Global LNG market increasingly competitive as new projects in Australia, North America exports ramp-up
# Market over-supplied near term and will only come into balance around 2020
# Demand expected to surpass contracted supply early next decade, particularly from Asia Pac, due to: Expiry of existing long-term contracts (>25 MTPA from Japan, Korea, Taiwan between 2020-25)
# Expected deferral/delay of proposed project sanctions due to challenging economics

http://www.australian-gas.com/assets...NG-outlook.png