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Global LNG spending to double in next five years

08.06.2013  | 

The increase in capital expenditures includes onshore and offshore projects to liquefy gas for export, import terminals to regasify LNG and LNG carriers for transporting the fuel. By region, Australasia and North America are expected to bring most of the new supply to market.



Global capital expenditure in the liquefied natural gas sector will more than double to around $228 billion in the 2013-2017 period, compared to the previous five years, consulting firm Douglas Westwood said in a statement.

It said the increase in capital expenditure includes onshore and offshore projects to liquefy gas for export, import terminals to regasify LNG and LNG carriers for transporting the fuel, with Australasia and North America bringing most of the new supply in to the market.

LNG liquefaction projects will drive expenditure at an estimated $143 billion, while spending on import terminals is forecast at around $50 billion, and LNG carriers at around $35 billion, it said.

"Spend[ing] will peak in 2015 and decline slightly in 2016 and 2017. This is due to the surge of Australian LNG export projects reaching completion," Michelle Gomez, author of the firm's World LNG Market Forecast said.

The Middle East, one of the world's top LNG exporters, will see very little expenditure in the 2013-2017 period, while Australian LNG spending will fluctuate, Douglas Westwood said.

Dow Jones Newswires

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Hi Lars,Legacy Kema was involved in simalir applications, called powerboats. Carry over tests were done on behalf of the grid operator that connected the high voltage lines from the vessel.I'll contact you to share some information on this subject. The colleagues at DNV KEMA are specialists in the power section the combined cycle- of the FPPU.It would be nice to deploy that added value in some way. We would like to hear your idea's about that.Kind regards, Mark

Jaime Bárcena -México-

LNG projects market shall be feasible like the issuance said and also because natural gas projects like combined cycle in utility projects can take such time advantage to improve its scheme for. Therefore that will be possible while LNG price per MMBTU could be as lower as possible to be competitive with natural gas within same markets indeed.

I guess LNG price per MMBTU is artificially sustained within fuels market but its truth shall come soon.

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