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Gas Regional Investment Plan of the South Region 2017 |
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Figure 4.7:
LNG source breakdown in the South Region in 2015 (Source: GIIGNL 2016)
Figure 4.8:
LNG liquefaction worldwide capacities constructed or under construction, bcm (Source: WoodMackenzie)
Algeria
Nigeria
Norway
Qatar
Others
Re-Export loaded
%
South Region
Spain
Portugal
France
18
12
–12
31
43
6
%
26
8
32
31
6
%
4
12
16
76
8
%
37
15
6
77
16
–13
–8
–24
600
550
350
300
250
200
150
400
500
450
50
0
100
bcm/yr (s)
2008
2009
2010
2011
2016
2015
2014
2013
2012
2018
2017
2019
2020
2021
Asia Paci c
Europe
Middle East
North Africa
North America
South America
West Africa
South Region LNG comes primarily from Algeria (43%, mainly to France), Nigeria
(31%, mainly to Portugal) and Qatar (18%), while five additional LNG suppliers
bring some diversity to the supply chain (see Figure 4.7). Algeria also represents the
largest LNG supplier for France (76%), and Nigeria the largest LNG supplier for
Portugal (77%), while Spanish LNG portfolio is more balanced (the largests suppli-
ers are Algeria and Nigeria with a share of around 30% each) as seen in Figure 4.7.
This distribution is set to change in the coming years with the launch of USA gas ex-
ports towards Europe in March 2016 (the two first American shipments to Europe
were sent to Portugal and Spain). Furthermore, increased liquefaction capacity in
Australia and slower demand for gas in Asia will most likely prompt Atlantic Basin
and Middle Eastern producers to redirect LNG cargos to Europe and Middle East,
further driving down prices.