The biggest buyers of liquefied natural gas (LNG) in Northeast Asia—which account for more than half of the world’s LNG market—could see their total uncontracted demand rising fourfold by 2030, new research by Wood Mackenzie has shown. At the same time, U.S. LNG export capacity is set to significantly increase in the coming years with several projects awaiting final investment decisions (FIDs) and several others currently in commissioning stages. Rising LNG demand in Asia is welcome news for the variety of projects under construction and commissioning in the U.S. Gulf Coast and Atlantic Coast. With the massive surge in Chinese natural gas demand and legacy contracts of other Asian buyers expiring, the seven largest LNG buyers in the world are set to soon embark on a hunt for a mix of contracts to cut average costs and enhance security of supply sources, according to WoodMac. These seven major LNG […]