According to a new report from MJMEnergy Ltd, LNG may potentially overtake pipeline gas as the dominant form of international gas trade by 2035.
The MJMEnergy LNG Supply Handbook 2015-2035, published June 2015, is written by LNG experts for LNG executives, consultants and analysts and provides a comprehensive source of information on LNG supplies over the next 20 years, culminating in an LNG Supply Outlook 2015-2035.
Details of existing and future LNG projects are provided
The handbook includes an in-depth analysis of 28 current and future potential LNG supplier countries operating in the expanding LNG market, providing details of existing and future LNG projects and contracts, together with an analysis of future LNG supplies.
Summary of findings
The international energy demand is expected to grow to between 17 500 and 20 650 million toe by 2035. Moreover, the world’s world gas demand, is forecast to grow to between 4.5 and 5.3 tm3 by 2035.
The supply of LNG has increased over the last 50 years to 333 billion m3 in 2014, accounting for 33% of gas internationally traded and around 10% of total gas consumption. By 2035, LNG demand is forecast to be in the region of 540 – 940 billion m3, with the range of forecasts reflecting the sensitivity of LNG demand to a variety of variables, such as the availability and price of pipeline gas.
Driven by new supply in Australia, the USA and elsewhere
Over the period 2015-2035 the forecast is that the LNG market will be comparatively long for much of this time, driven by new supply in Australia, the USA and elsewhere.
Existing and currently under construction LNG capacity will be sufficient to meet forecast global LNG demand until 2026 in Demand Mid Case and throughout the forecast period in the Demand Low Case. In the Demand High Case, additional LNG capacity will be required to meet demand post 2021.
Adapted from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/22062015/lng-may-become-the-dominant-form-of-international-gas-trade/