Shell predict global LNG trade increase of 11%
Published by Will Owen,
Editor
LNG Industry,
Reuters are reporting that, according to an annual LNG report by Royal Dutch Shell, global LNG trade will experience an increase of 11% to 354 million t this year.
Shell’s report states that trade had risen in 2018 by 27 million t, and that 16 million t of this figure was accounted for by Chinese demand growth.
Looking to the future, Shell forecasts LNG demand increasing to 384 million t in 2020. This forecast takes into account the new production facilities being brought online in Australia, the US and Russia, in addition to the increasing number of countries becoming LNG importers and building LNG receiving terminals.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/25022019/shell-predict-global-lng-trade-increase-of-11/
You might also like
PV Gas signs supply agreements with EVN
Vietnam Gas Corp., together with Vietnam Electricity Group and Vietnam Oil and Gas Power Corp., have signed agreements on the supply of LNG for large scale gas-fired power projects.