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Monday, 01 December, 2008, 23:10 GMT | more >>

LNG capacity seen up 400% by 2030



By Upstream staff 

ExxonMobil said today that it expects liquefied natural gas capacity to climb 400% by 2030 to help meet the world’s growing appetite for natural gas.

“Global LNG demand is expected to increase from about 100 million tonnes per annum in 2000 to more than 500 million tonnes per annum in 2030,” said ExxonMobil’s power & gas marketing president, Andrew Swiger, at the GasTech conference in Bangkok today.

The five-fold rise, will change the way LNG is traded and require strong relationships between international oil companies, national oil companies and host nations, added Swiger.

Citing Qatar as an example, Swiger said “through partnerships with international oil companies – and backed by balanced fiscal policies, rule of law, sanctity of contracts and a reputation for being a reliable supplier – Qatar is now the world’s largest LNG exporter.”

Qatar Petroleum and ExxonMobil ventures are building four 7.8 million tonnes per year LNG trains in Qatar that are almost four times larger than trains built in the mid-1990’s. The companies are also building a new generation of LNG tanker with a capacity nearly double that of conventional LNG carriers of today.


Monday, 10 March, 2008, 06:20 GMT  | last updated: Monday, 10 March, 2008, 09:42 GMT

Full steam ahead: Qatar is now the world's largest LNG exporter
 

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