Greater flexibility is vital to LNG infrastructure: DNV GLCreated: Friday, 12 April 2019 09:47The vast majority of professionals working in the LNG sector believe that more investment is needed in LNG infrastructure to satisfy forecasts for growing global demand after 2025However, more than two-thirds said that uncertainty over prices is limiting spending in the megaprojects needed to feed the world’s growing appetite for LNG. Oil-indexed LNG pricing is part of the issue. Respondents expect the US (36 per cent) and Australia (16 per cent) to experience the greatest growth in LNG exports over the next three years. China is the country expected to have the greatest growth in LNG imports over the next three years, according to the survey. The level of supply and demand growth predicted by DNV GL will require significant investment; particularly facilities to re-gasify, store and distribute new liquefaction capacity.

Source: The North Africa Journal April 12, 2019 09:56 UTC