We expect demand in 2015 to increase by 9.8 percent to 268 mtpa (million tonnes per annum) as new LNG projects start up and lower prices stimulate demand. Alliance Bernstein More Quotes by Alliance Bernstein More Quotes From Alliance Bernstein OPEC, Russia and the U.S. beat our initial supply expectations, adding to an existing inventory headwind. For 2016 we think of it as the market rebalancing year, but only from 2H (the second half of 2016), next year will be the year of undersupply which means we should see at least an eighteen month bull market from the middle of this year. Alliance Bernstein energy In the short to medium-term, we see downward pressure on prices as new projects start up in Australia and Japan starts up its new nuclear facilities. Alliance Bernstein energy Spreads in gas price between Asian LNG and U.S. gas have fallen by 50 percent from $12 to 6 (per mmBtu). With liquefaction and shipping costs of US$6.50, arbitrage margins are now negative. Alliance Bernstein energy
