Indonesia LNG Market to Surpass 5.9 MMT by 2025
Declining natural gas production, growing
demand from industrial and power sector in the country, coupled with decreasing average landed prices to drive supply
for LNG in Indonesia
through 2025
According to
TechSci Research report “Indonesia
LNG Market
Demand & Supply Analysis, By Region, By Application, By LNG Terminal,
Competition Forecast and Opportunities, 2016-2025”, LNG market in Indonesia is projected to surpass 5.9 MMT by
2025. Growing application of LNG in various end use sectors, contracts with
number of countries to supply LNG and construction of pipeline infrastructure
in various archipelagos across Bali and Kalimantan are the major factors
fueling supply of LNG in the country. Moreover, Indonesia produced around 16.20
MMT of LNG in 2015, out of which 14 MMT was exported and remaining 2.2 MMT was consumed
in the domestic market. However, production of dry natural gas declined in the
country at a CAGR of 2.62% during 2010-2015. Furthermore, demand for LNG in the
country is continuously rising owing to growing demand from industrial and
power sector, coupled with commissioning of three gas fired power projects in
the Java region, which have a capacity of 2.5 GW. Thus, aforementioned factors
are likely to propel supply of LNG in Indonesia during 2016-2025.
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In 2015, Java Region accounted
for highest market share in Indonesia LNG market owing to rising need for power
and rapid industrialization in this region. Moreover, this region receives LNG
supply from various terminals such as Lampung LNG (Offshore), Nusantara Regas
Satu (Offshore) FSRU, Cilacap FSRU and Bojonegara LNG terminal. Moreover, in
2016 industrial sector accounted for largest
share in the LNG market
in Indonesia. However, demand for LNG is anticipated to grow fastest from the
power sector in the country during the forecast period, on account of increase
utilization of LNG in gas fired power plants such as as Tanjung Priok CCGT, Muara Tawar I II III CCGT and Tambak
Lorok (Semarang) CCGT.
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“Domestic
production of natural gas in Indonesia witnessed significant decline during
2010-2015. Contractual obligations for exporting LNG and
increasing domestic demand for natural gas in Indonesia have necessitated
setting up of LNG import terminals to reduce widening of demand-supply
gap. Moreover, rising spending by the Government of Indonesia on LNG
infrastructure, installation of offshore LNG terminal and floating storage
regasification units (FSRU) are further anticipated to boost supply of LNG in Indonesia
during 2016-2025.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Indonesia LNG Market Demand
& Supply Analysis, By Region, By Application, By LNG Terminal, Competition
Forecast and Opportunities, 2016-2025”
has evaluated the LNG market across seven different regions in
Indonesia and provides statistics and information on market structure, industry
behaviour and trends. The report includes market projections and potential demand
forecasting. The report intends to provide cutting-edge market intelligence and
help decision makers to take sound investment evaluation. Besides, the report
also identifies and analyses emerging trends along with essential drivers, challenges,
and opportunities available in LNG market in Indonesia.
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