July 2005

Trends and Resources

HP In Brief: HPIn Brief

  LNG supply and demand constraints Europe's gas demand w..

Weirauch, Wendy, Hydrocarbon Processing Staff

  LNG supply and demand constraints Europe's gas demand will grow 2.5%/yr, led by the power sector. Indigenous production is likely to peak at 340 Bcm/yr between 2005 and 2010. This is according to recent research from analysts with Purvin & Gertz (www.purvingertz.com). Competition for LNG supplies between Europe and the US may boost prices. North America is the world's largest gas market. In the lower 48 US states, considerable growth is possible "unless derailed by excessive prices," according to this

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