LNG Future Outlook
LNG Future Outlook
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Natural Gas is projected to be the fastest growing fossil fuel globally 2.1% annually.
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Non – OECD accounts for 80% of global gas demand growth, averaging 2.9% per annum growth up to 2030.
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Demand grows fastest in non – OECD Asia (4.6% per annum) and the middle east (3.7% per annum)
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Main contributors to gas supply growth are middle east (26% of global growth) and Former Soviet Union states (example Russia)(19%)
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Significant incremental supply (11-12% of global growth each) is expected from Australia, China, and the USA
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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.
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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...