February 2020

Trends and Resources

Business Trends: Global LNG projects to compete with pipeline gas

Expanding LNG supply worldwide will continue to dominate the changing landscape of the natural gas industry and gas trade. By 2040, LNG is expected to account for more than 15% of global gas consumption, after overtaking interregional pipeline deliveries in the late 2020s (FIG. 1).

Blume, Adrienne, Nichols, Lee, Hydrocarbon Processing Staff

Expanding LNG supply worldwide will continue to dominate the changing landscape of the natural gas industry and gas trade. By 2040, LNG is expected to account for more than 15% of global gas consumption, after overtaking interregional pipeline deliveries in the late 2020s (Fig. 1). FIG. 1. Gas trade by supply source, 2017–2040. Source: BP. The expansion of LNG trade will lead to a more integrated and competitive global market for the fuel. Within individual nations, greater integration of regional gas markets is helping coordinate production and demand. This phenomenon is especially prominent in the U.S., where gas processing and transport infr

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