Demand for liquefied natural gas (LNG) will continue to rise in the foreseeable future as global natural gas demand will grow exponentially with major emerging economies raising the share of gas in their energy mix. LNG plant developers are already planning the next wave of a new investment boom in the industry, following the first global LNG development surge at the beginning of this decade. But as the new wave of project approvals and investments is set to sweep the market over the next few years, one question is on analysts’ minds—will the new LNG projects avoid the fate of the previous wave of LNG development, when cost overruns and delays were the rule rather than the exception. This year could be the biggest year yet in terms of LNG volumes of projects given the go-ahead, analysts say. This year is likely to set a record for volume of […]

Posted in: LNG