Global LNG Supply & Demand
Global demand for gas is expected to increase by 2% a year between 2015 and 2030. LNG is set to rise at twice that rate at 4 to 5%.
Over the next two decades, as more countries have existing Infrastructure with an import terminal or FSRU, LNG will increasingly be used when there are shortages in Domestic energy supply.
By 2020, the size of global LNG trade is projected to grow by 50% compared to volumes in 2014
Future LNG demand growth will be driven by: policy, floating Storage regasification units (FSRUs), replacing declining domestic gas production, small scale LNG and transport.
LNG trade is changing to meet the evolving needs of buyers, Including shorter-term and lower-volume contracts
The LNG industry will need to make large investments to meet Supply and demand growth after 2020.
Global demand for LNG reached 265 million tonnes (MT) in 2016 – enough to supply powerto around 500 million homes a year.