‘King Coal’ dominated the energy mix during the industrial revolution of the 19 th century. The replacement of the steam engine by the internal combustion engine made oil the most important source of energy. However, industrialisation’s fallout effect, global warming, has increased the importance of environmentalism. Natural gas is one of the few sources of energy which is relatively clean and able to supplement renewables. The high energy density of gas and low CO2 emissions compared to oil and coal, have significantly increased the demand for LNG. Decreasing costs and favourable government policies have improved the competitiveness of gas and increased its share in the energy mix of most industrialized countries. This year could be another critical moment for LNG producers due to a large number of projects that are awaiting a final investment decision (FID). Adverse price developments, however, could delay the moment. Uncertainty ahead Until recently, the […]

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