資源描述：
《j.p. 摩根-全球-天然氣行業(yè)-全球液化天然氣分析：現(xiàn)貨液化天然氣交易落后于布倫特19%》由會(huì)員上傳分享，免費(fèi)在線閱讀，更多相關(guān)內(nèi)容在行業(yè)資料-天天文庫。
1、Completed13Nov201703:36PMAEDTDisseminated13Nov201703:56PMAEDTGlobalEquityResearch13November2017GlobalLNGanalyzerSpotLNGtradingat17%slopeversuslaggedBrentOctoberwasanotherstrongmonthforLNGwithpricescontinuingtoriseAustraliaaheadofpeakdemandfromtheNorthernHemispherewinter.We
2、estimateOil&GasLNGproductioninOctoberrose4.3%fromthepriormonthwithfirstcargoACMarkBusuttilfromWheatstoneTrain1sailingonthelastdayofthemonth.Whilethenear-(61-2)9003-8619termoutlookhasimproved,webelievetheeconomicsoflargescaleLNGmark.busuttil@jpmorgan.comprojectsremainschall
3、engedatcurrentprices.TheweakpriceenvironmenthasBloombergJPMABUSUTTILseenprojectsanctioningdeclinesubstantiallyoverthelasttwoyears.J.P.MorganSecuritiesAustraliaLimited?GlobalLNGproductionroseinOctober2017:WeestimateLNGWei-WengChen(61-2)90036262productiongloballywas292Mt
4、(annualized),upfrom280MtinSeptemberwei-weng.chen@jpmorgan.com2017.ThemajorityofproductionincreasescamefromAustraliaandQatar.J.P.MorganSecuritiesAustraliaLimited?AustralianLNGproductionincreased17%:WeestimateproductionScottLDarlingfromAustralianprojectstotaled58Mt(annualize
5、d),upfrom50Mtin(852)28008578September2017.NorthWestShelf(+49%fromthepriormonth)andscott.darling@jpmorgan.comDarwin(+135%)sawincreasesfollowingoutages/maintenanceinJ.P.MorganSecurities(AsiaPacific)LimitedSeptember.QCLNGproductiondeclinedasbothtrainsunderwentPhilGresh,CFAmai
6、ntenanceinOctober.(1-212)622-4861phil.m.gresh@jpmorgan.com?Spotpriceup10%,tradingatan16.6%slopeversuslaggedBrent:TheJ.P.MorganSecuritiesLLCAsianspotpricerose10%toUS$8.75/mmBtuinOctober2017.ChinaChristyanFMalekcontinuestogrowimportswithdemandup57%fromtheprior(44-20)7134-918
7、8correspondingperiodona12mtrailingbasis.Wenotethisisaheadofthechristyan.f.malek@jpmorgan.comNorthernHemispherewinterwithdemandexpectedtoaccelerate.ReutersisJ.P.MorganSecuritiesplcreportingthathighspotpricesareincentivizingAsianbuyerswithlongtermJeremyTonet,CFAsupplytoreque
8、stadditionalsupply,reducingvolumestothespotmarket.(1-212)622-4915jeremy.b.tonet@jpmorgan.
