INTERNATIONAL: LNG industry set for expansion
The capital cost of new LNG projects has fallen, while the price garnered at the point of consumption has risen. Furthermore, demand for natural gas is growing steadily, while regionally based consumer markets are seeing local production hit or pass peak production. LNG provides the means to deliver otherwise unreachable gas reserves to the world's major consuming economies. This shift in the dynamics of the natural gas market will further commoditise natural gas globally.