The trademarks and registered trademarks used to designate certain products and services in this presentation are owned bytheir respective companies. Table of Contents Message from the President of the International Gas Union 3 2. State of the LNG Industry 4 3. LNG Trade 7 3.1 Overview 7 2016–2017 LNG Trade in Review 8 3.2. LNG Exports by Country 9 3.3. LNG Imports by Country 11 3.4. LNG Interregional Trade 15 3.5. Spot-, Medium-, and Long-Term Trade15 3.6. LNG Pricing Overview16 Looking Ahead 18 4. Liquefaction Plants 19 4.1. Overview 19 4.2. Global Liquefaction Capacity and Utilisation 20 4.3. Liquefaction Capacity by Country 20 4.4. Liquefaction Processes 22 4.5. Floating Liquefaction 23 4.6. Project Capital Expenditures (CAPEX) 25 2016–2017 Liquefaction in Review25 4.7. Risks to Project Development 26 4.8. Update on New Liquefaction Plays 28 Looking Ahead 33 5. LNG Carriers 35 5.1. Overview 35 5.2. Vessel Characteristics 37 2016–2017 LNG Trade in Review 39 5.3. Charter Market 40 5.4. Fleet Voyages and Vessel Utilisation41 5.5. Fleet and Newbuild Orders 43 5.6. Vessel Costs and Delivery Schedule 43 Looking Ahead 44 5.7. Near-Term Shipping Developments44 6. LNG Receiving Terminals 45 6.1. Overview 45 6.2. Receiving Terminal Capacity and Utilisation Globally 45 6.3. Receiving Terminal Capacity and Utilisation by Country 47 2016–2017 Receiving Terminals in Review 48 6.4. Receiving Terminal LNG Storage Capacity50 6.5. Receiving Terminal Berthing Capacity50 6.6. Receiving Terminals With Reloading and Transshipment Capabilities50 6.7. Comparison of Floating and Onshore Regasifcation51 6.8. Project CAPEX53 6.9. Risks to Project Development 54 Looking Ahead 55 1 IGU World Gas LNG Report – 2018 Edition7. FLNG Concepts, Facts, and Diferentiators 59 Executive Summary – Scope of Work and Approach59 LNG Outlook and Trends 59 LNG FSRUs 59 LNG FPSOs 60 FSRUs and LNG FPSOs Conversions Versus New Builts 60 Conclusions 608. Pathway to Liquidity for LNG in the Energy Markets 61 Executive Summary 619. Flexible LNG Facilities 6310. The LNG Industry in Years Ahead 65 How Will LNG Markets Balance in 2018 65 Will LNG Contracting and Liquefaction FIDs Take Shape This Year65 Could Demand in Mature Asian Markets Surprise to the Upside, Again65 What Strategies Will Be Used to Address Emerging Markets 66 How Will New Floating Liquefaction Projects Perform66 Will the Pace of Demand for LNG Bunker Fuel Accelerate 66 Will the Recovery in the LNG Shipping Market Be Sustained66 What New Markets Will Begin Imports in 2018 67 Will the Global LNG Market Move More Toward Commoditization or Consolidation 6711. References Used in the 2018 Edition 69 11.1. Data Collection 69 11.2. Defnitions 69 11.3. Regions and Basins 69 11.4. Acronyms70 11.5. Units70 11.6. Conversion Factors 70 Appendix 1: Table of Global Liquefaction Plants 71 Appendix 2: Table of Liquefaction Plants Under Construction 74 Appendix 3: Proposed Liquefaction Plants by Region75 Appendix 4: Table of LNG Receiving Terminals 79 Appendix 5: Table of LNG Receiving Terminals Under Construction 83 Appendix 6: Table of Active Fleet, end-2017 84 Appendix 7: Table of LNG Vessel Orderbook, end-2017 95 Appendix 8:Table of FSRUs, Laid-Up Carriers, and Floating Storage Units, end-2017 99 2 IGU World Gas LNG Report – 2018 Edition 。。。。。。