The credit crunch and an uncertain market have hit the global LNG industry, which had been steadily growing during the period 2003 - 08. LNG demand (a function of natural gas demand) is low across the globe, yet it is set to pick up post 2012 and rise until 2015.
Australia, with 24 currently active and future LNG projects, could become the second largest LNG producing nation in the world by 2015, according to the International Energy Agency.
OPITO – The Oil and Gas Academy, is focusing on attracting skills and talent to the oil and gas industry, through its ‘Energise Your Future’ event, which took place at this year’s Offshore Europe in Aberdeen.
Newbuild and converted offshore LNG projects are now under review by ABS.