Global LNG Market to Double by 2035

Global LNG Market to Double by 2035
The global energy market will have doubled by 2035, says Paul McConnell, Wood Mackenzie research director for global trends.

The global energy market will have doubled by 2035, helping to bring forth a “truly global gas market”, Paul McConnell, Wood Mackenzie research director for global trends, said in a short video posted on the consultancy group’s website.

“Gas demand growth is expected to be robust over the next 20 years as this cleaner burning fossil fuel takes market share in all sectors; power, industry and the residential sector as well,” McConnell said.

“To meet this growing demand a new wave of liquefied natural gas supply or LNG supply is coming online. Qatar is currently the world’s biggest LNG supplier but it will be overtaken by Australia by 2020 and Australia will then be overtaken by the US by around 2026,” he added.

Earlier this year, a new LNG Outlook report by Royal Dutch Shell plc forecasted that global demand for liquefied natural gas (LNG), which reached 265 million tons in 2016, is set to grow to 2030.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  SolstadFarstad Emerges After Company M... (Jun 22)
 -  Gas Leak at Gjoa (Jun 22)
 -  Total Energy Services Completes Savann... (Jun 21)
 -  Norwegian Production Declining (Jun 21)
 -  Monadelphous in 'Major' Contract Win (Jun 21)


Most Popular Articles

From the Career Center
Jobs that may interest you
Downhole Technician I - Bakersfield, CA
Expertise: Driller|Mechanical Technician|Well Control
Location: California, CA
 
NDT Level II RT Technician
Expertise: NDT Technician
Location: Brighton, CO
 
NDT Level II RT Technician
Expertise: NDT Technician
Location: Carlsbad, NM
 
search for more jobs

Brent Crude Oil : $44.82/BBL 2.60%
Light Crude Oil : $42.53/BBL 1.61%
Natural Gas : $2.89/MMBtu 0.68%
Updated in last 24 hours