As you want LNG Report of Bank of America Merrill Lynch, so here I am providing LNG Report:

LNG Report of Bank of America Merrill Lynch
Asian LNG markets experienced tightness in 2012 (Chart 98), with Asian spot prices soaring to 4-year highs above $18/MMBtu over the summer (Chart 97). Much of the strength can be attributed to ongoing nuclear outages in Japan.

In addition, demand out of other Asian countries remained robust (Chart 99), while ongoing supply disruptions in Yemen and Nigeria further exacerbated global LNG market tightness.

Although it is yet unclear whether more will follow on the back of safety concerns, we could see LNG import growth rise after having fallen 9.3% YoY in October.

In 2013, LNG prices will likely be supported…
Although prices could moderate again post winter, we believe LNG prices will be supported in 2013.

For one, LNG import capacity continues to see additions in key Asian importing countries like China and India (Chart 100). In China, the new 3.0 mmtpa Ningbo import terminal received its first cargo in September.

CNOOC is also planning new projects in Zhuhai, Hainan, and Shenzhen in coming years.

In India, the country’s largest terminal in Dahej is slated to expand from 10 to 15 mmpta by 2015, reaching 12.5 by October of 2013. Petronet also plans to more than double capacity to 25 mmtpa by 2015.


LNG Report of Bank of America Merrill Lynch