January 2009

Special Report: LNG and GTL Developments

What is the outlook for building new LNG facilities?

Rising construction costs will play a large part in determining what plants are built

Phalen, T., Scotti, J., Fluor Corp.

Global natural gas (NG) demand is forecasted to rise at an average rate of over 2%/yr. On a worldwide basis, available NG supplies exceed demand. However, there is a mismatch between gas producing regions and gas consuming regions. Liquefied natural gas (LNG) production and transportation is one answer to solving this mismatch. For this reason, most forecasts, including the International Energy Agency (IEA) WEO 2006 forecast, predict that up to 70% of the increase in gas trades among regions will be LNG. Overall, between 2004 and 2030, IEA expects LNG demand to grow by 6.6%/yr, a similar rate to the preceding decade.1 Need for new LNG supplies. Several LNG liquefaction trains are in constr

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