January 2008

Trends and Resources

HP Impact: Global LNG demand reveals regional swings in first-half 2007

Initial estimates for the first half of 2007 (1H07) show that global LNG demand reached 86 million metric tons (MMton). This represents a 6.3-MMton increase-or 8%-when compared to the first half of 20..

Weirauch, Wendy, Hydrocarbon Processing Staff

Initial estimates for the first half of 2007 (1H07) show that global LNG demand reached 86 million metric tons (MMton). This represents a 6.3-MMton increase-or 8%-when compared to the first half of 2006. "Demand was stronger in the second quarter (2Q07) with a global 8.8% growth, pulled by Asian and US buyers," according to a new report from FACTS Global Energy (www.FGEnergy.com). Deliveries to the Asia-Pacific region increased by 2.5 MMton, a 10.5% upswing in 2Q07 compared with 2Q06, and reached nearly 55 MMton in June 2007. Meanwhile, European LNG demand continued to collapse by nearly 12% in 2Q07. Cargoes to the US led to a record high level of LNG imports to the Americas, up 64.1% in 1

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