In the sector of LNG in 2019 will be remembered for the record number of investiciniu for the construction of new plants (total capacity of 95 billion cubic meters per year). Despite these figures, several productions had intended, But did not make decisions on construction. Against this background, observers argue, would running fresh construction of LNG plants in the current year. It would seem that the excess in the market And the current low price of liquefied petroleum gas required to cool the ardor of builders of new LNG plants. A certain psychological pressure this situation is, of course, has, But at the same time, market players keep in mind the duration of construction, And because the high inertia of the processes. After all, as massive construction 2011-2015 (Australian, And then American factories) provided the current surplus in the market And failure in terms of investment in 2016-2018 will provide If not a shortage, most balanced market in years 2021-2024, as in the first part of the 2020s, new productions will open not much. On the record investasinya 2019, for its part, will provide a new sharp jump in offers in the vicinity of 2025. The balance Here, of course, depends on trudnoobogatimogo demand. For example, When growth of ten percent a year, we'll see in five years And a shortage of LNG. However, This is too optimistic a scenario (still in China at that time start to arrive EN masse of Russian pipeline gas). For example, in Shell's own recent survey predicts only four percent average annual growth rate of LNG demand in the next 20 years. for this reason, If this year the organization will launch the construction of several projects worth tens of billion cubic meters, will make difficulties for yourself, And others present in the market. Ideally, these investasinya it is desirable to move to 2021-2022 years to "smear" a new proposal no less even layer in the second five years of the 2020's. What kind of projects that remained on paper in the past year, But one way or another " hoof beat "? This is the 1st and foremost Qatar, another project in Mozambique And a number of American industries. The main interest To Qatar And the United States, because of the potential volumes there is very large. And then came the news from Qatar: Qatar Petroleum postpones for a few months, a selection of Western partners for its new LNG projects, This automatically means That the adoption of investasinya construction is delayed. Qatar has laid out a very significant expansion of its LNG To 126 million tons From the current 78 million. although it is clear That the launch of new lines will be a gradual increase anyway significant. The fact That Qatar is slightly delays the construction of new industries, positive for medium-term balance in the LNG market. And in the US? There are traditionally many projects. Low Domestic gas prices (which because of shale miners, by itself, unstable) only support the interest in new LNG projects. But the company LNG is being built four years, it is clear That By the time the situation will be different: the gas organizations have the chance to work at a loss, they will simply reduce the amount of drilling for gas, And prices will come To normal. Of course, It is understood by All market players, But a certain euphoria from low domestic prices, which will make competitive And exports, is still present. on the other scale - the current situation on the market when LNG even With the existing plants have the ability to decrease. Remember That for a long time current spot prices for LNG do not cover the full cost of production, But the export does not stop. In part, This can be due to the fact That traders - buyers of LNG to the us (With reference To the domestic prices) resell the fuel contracts With oil price reference. But most importantly, as has Already been said many times: the export will continue, even If the cost of LNG will only cover operating costs (excluding capital costs for liquefaction). Until the last time it happened. And just recently there was a letter. Spanish Naturgy (ex Gas Natural Fenosa), operating as a trader refuses 2 LNG cargoes, which acquires from the American Cheniere Energy (pioneer of exports And the owner of many LNG plants in the US). In this case anyway, the Firm would pay for liquefaction (according to the condition of "Sigi or pay" ) 2, 5 per MMBtu, that is supposedly 90 dollars per thousand cubic meters. Of course, they were paying before, But these mandatory costs at least not completely covered from parish funds from the sale of LNG. Interestingly, the Firm Naturgy one of the first buyers of us LNG, And therefore provide a guaranteed payment for liquefaction closer To the minimum bound. If LNG will start to decline And other market players, which were agreed later, then they will have to pay a larger fixed amount for liquefaction, up To 3, 5 dollar per million BTU ($125 per thousand cubic meters). The calculation, why the LNG was not needed, simple. The domestic price of regular gas in the US currently at the level of 2 dollars per million BTU, plus 15% of this amount should be given in the form of operating costs of liquefaction. And about the dollar costs of transport the LNG To Europe (to Asia is more expensive). Already gives 3, $ 3, And at the same time, prices on world markets are at a level of three dollars per million BTU. We add for comparison That the total cost of LNG (If you add 2, 5 dollar obligatory payments to the organization Naturgy, reflecting capital expenditure on the construction of the plant) would be 5, 8 the dollar in the European Union. To summarize. Everyone understands That the current prices (besides the fact That it does not cover expenses for manufacturing) did not have the opportunity to reflect balances on the market 5 years later. But the difficult current situation in the gas market is forcing organizations to delay new investiciniai. It's a good idea, since last year we have launched many new projects, for this reason, in order to deal With the new excess in the middle of the decade, it is desirable to make a small pause. Interestingly, in the long term is not always mentioned two Russian projects. First, It is "Ob LNG" organization " NOVATEK ". Most likely, the construction here will be made no earlier than next year. Secondly, It is Baltic LNG, With the participation of " Gazprom ". In their own latest plans, the Firm announced That the full capacity is planned for 2024. But perhaps the timing will be shifted. Construction has not started More than 4 years should be spent on the construction. In addition, remember, Because It is an integrated project From gas and chemical production. On the one hand, This complicates the construction process. On the reverse In a favourable situation on the market of gas chemistry Economics integrated project will depend less on the situation on the LNG market. <span style="color:darkgray