CERAWeek 2019: LNG key factor in energy transition
HOUSTON On the third day (Wednesday, March 13) of CERAWeek by IHS Markit, the industry’s business leaders outlined global economic trends, shifting geopolitics, emerging government policies and advances in technologies. The majority of the day’s sessions outlined how the transition will occur and to define the role that LNG will play in the process. Demand for LNG. Twenty years ago, only nine countries imported LNG. By 2018, that figure had risen to 42. Expectations are for continuing strong growth. LNG demand is set to increase from 320 MMtons in 2018 to 465 MMtons by the mid-2020s. It should reach more than 630 MMtons by the mid-2030s, as more gas is used for heating and electricity generation, according to projections by Michael Stopp.....