July 2018

Bonus Report: LNG Technology

Indian LNG—The creation of a natural gas importing powerhouse

According to the International Group of LNG Importers (GIIGNL) publication, “The LNG industry: GIIGNL annual report 2018,” global LNG trade has increased from approximately 264 MMtpy in 2016 to nearly 290 MMtpy in 2017.

Nichols, Lee, Hydrocarbon Processing Staff

According to the International Group of LNG Importers (GIIGNL) publication, “The LNG industry: GIIGNL annual report 2018,” global LNG trade has increased from approximately 264 MMtpy in 2016 to nearly 290 MMtpy in 2017. This trend represents a year-over-year increase of more than 9.8%. LNG trade is expanding at a substantial rate, and is forecast to grow seven times faster than pipeline gas trade, according to BP’s “Energy Outlook 2017.”  For the foreseeable future, the Asia-Pacific region will be the leader in new LNG regasification capacity. To adhere to new government regulations on switching from coal-fired power generation to natural gas, several nations within Asia are investing heavi

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