BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list
Natural Gas

IEA says near-term natural gas export growth to be fueled by US, Australia and Russia

Coal | Electric Power | Natural Gas

Rally in natural gas prices, lower storage throws uncertainty into US winter power outlook

Natural Gas | Natural Gas (North American) | Crude Oil

Platts Upstream Indicator

Commodities | Natural Gas | LNG | Marine Fuels | Tankers | Banking

18th Annual LNG Conference

Natural Gas

NYMEX January natural gas sees double-digit rebound on rise in demand

IEA says near-term natural gas export growth to be fueled by US, Australia and Russia

Highlights

LNG development contributing to positive outlook

Energy access and price competition are challenges

Barcelona — The International Energy Agency expects the US to account for 75% of the global growth in natural gas exports over the next five years, a bullish outlook for LNG developers facing challenges at home getting projects off the ground and abroad with tariffs affecting trade flows.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

During a presentation at Gastech in Spain on Wednesday, IEA senior natural gas analyst Jean-Baptiste Dubreuil said other countries contributing to the exports growth during that period will be Australia and Russia.

Australia is a major LNG exporter, while Russia supplies significant amounts of pipeline gas to Europe. Besides its growing LNG exports efforts, the US is also a major exporter of pipeline gas to Mexico, which is heavily reliant on the supplies for power generation.

"We do anticipate natural gas will have a positive contribution to the energy mix and, therefore, the volumes for natural gas consumption are expected to rise in all our long-term scenarios, even in the most restrictive with GHG emissions," Dubreuil said.

The conference, in its third day at Fira Barcelona Gran Via, has provided an opportunity for leaders and emerging players in the natural gas and LNG sectors to put their best foot forward, in an effort to gain new customers and remain relevant in the market conversation. China's decision Tuesday to impose a 10% tariff on imports of US LNG starting September 24 rattled the conference, but exhibitors were looking to move beyond the noise with an eye toward the future.

IEA forecasts natural gas growth to persist in the medium and long term, driven by China entering the global gas scene as a major importer, and thus a major source of consumption growth, Dubreuil said. Other drivers include LNG development and the shift in consumption from demand growth fueled by power generation to demand growth fueled by industry, especially in emerging markets.

"In the near future, we do expect that emerging Asia will be the main driver for natural gas demand growth," Dubreuil said. "We also expect some growth from other regions, resource rich regions such as the Middle East but also North America, not just for domestic uses but also for exports.This growth will be met with additional production."

While largely positive about the outlook for gas, Dubreuil said challenges remain, besides the recent trade tensions between the US and China.

Access to energy in some parts of the world, such as sub-Saharan Africa, continues to be limited, while market participants also focus increasingly on prices.

Dubreuil said natural gas must "remain competitive" on prices but also "prove its contribution to a cleaner, more sustainable energy environment."

--Harry Weber, harry.weber@spglobal.com

--Edited by James Leech, james.leech@spglobal.com