LNG Future Outlook

LNG Future Outlook

  • Natural Gas is projected to be the fastest growing fossil fuel globally 2.1% annually.
  • Non – OECD accounts for 80% of global gas demand growth, averaging 2.9% per annum growth up to 2030.
  • Demand grows fastest in non – OECD Asia (4.6% per annum) and the middle east (3.7% per annum)
  • Main contributors to gas supply growth are middle east (26% of global growth) and Former Soviet Union states (example Russia)(19%)
  • Significant incremental supply (11-12% of global growth each) is expected from Australia, China, and the USA
  • Global LNG supply is projected to grow 4.5% per annum to 2030, more than double the total gas production and faster than inter-regional pipeline trade 3.0% per annum.
  • LNG contributes 25% of global supply growth 2010-30, compared to 19% for 1990-20
Our News
  • Aug 23 (LNGJ) - Venture Global LNG, the Washington DC-based developer of two export projects in the state of Louisiana, said it had closed the fifth round of a private... Read more...
  • Oil partners in Alaska LNG pull out of project KTVA GLOBAL LNG-Asian prices steady as spot cargo high rate amid glut Reuters Maine Gas Export Project Said... Read more...
  • Aug 25 (LNGJ) - Two Australian cargoes are destined for India. The 155,00 cubic metres capacity carrier “British Emerald”, operated by BP Shipping, left the Western Australian... Read more...
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