January 2018

Trends and Resources

Business Trends: The future of LNG—Part 1

Over the past several years, new gas processing/LNG capacity has surged in nearly every region. Growth on both the supply and demand sides has resulted in the announcement of billions of dollars of capital investment across the world. Millions of tons of new LNG import and export capacity have commenced operations, with hundreds of millions of tons still under development.

Nichols, Lee, Hydrocarbon Processing Staff

Over the past several years, new gas processing/LNG capacity has surged in nearly every region. Growth on both the supply and demand sides has resulted in the announcement of billions of dollars of capital investment across the world. Millions of tons of new LNG import and export capacity have commenced operations, with hundreds of millions of tons still under development. According to the International Group of LNG Importers’ (GIIGNL’s) The LNG Industry: GIIGNL Annual Report 2017, global LNG trade has increased from approximately 239 MMtpy in 2014 to 245 MMtpy in 2015 to nearly 264 MMtpy in 2016. This trend represents a year-over-year (y-o-y) increase of 2.5% and 7.5%, respectively. In 201

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