LNG business environment is still strong with an expected continuous demand growth ahead, according to Khalid Sultan R. Al Kuwari, chief marketing & shipping officer of RasGas.
Speaking at an LNG summit in Rome last week, Al Kuwari anticipated a five percent growth rate per year from 2015 to 2025, with LNG demand outpacing expected growth in natural gas demand.
He noted that the Asian premium has been challenged due to the increase in supply and a lower demand for LNG in Asia mixed with the drop in oil prices put new LNG projects under pressure, questioning economics.
However, Al Kuwari said that new markets are emerging rapidly and LNG still requires capital investments in production, liquefaction and transportation.
LNG World News Staff