Global Information Inc. published the new market research report: The Liquefied Natural Gas (LNG) Market 2012-2022.
New research puts the value of global investment in infrastructure for LNG on track to reach $35.8 billion in 2012, including all capital investment in the infrastructure required for the production, transportation and regasification of LNG.
By the early 1960s the world had not yet seen any significant commercial trade in liquefied natural gas, but by the end of that decade commercial trade in LNG began to enable Japan to import gas through LNG. The world currently has substantial capacity to export LNG. The construction projects and plans for further capacity increase for LNG terminals across the globe imply that worldwide capacity for LNG production and trade will be increasing throughout the forecast period.
Capacity additions to all major national LNG import and export markets will drive growth in the LNG market. Over the forecast period of this report, many countries will see numerous new LNG production plants come on-stream, allowing those countries to exploit their natural gas reservoirs for export earnings. On the other hand, LNG regasification and storage terminals will enable countries or regions with limited access to natural gas resources to supplement their gas supplies as gas is currently the most efficient and effective form of electric power production and it is widely used for heating. Naturally, an increasing number of LNG carriers will be required in order to allow LNG trade to grow.
You can get the report here.
LNG World News Staff, July 12, 2012; Image: APLNG