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