Global LNG Market Update - August 12

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

Global LNG Market Update - August 12

Post by dan_s »

Australia is on track to surpass Qatar as the world’s largest liquefied natural gas (LNG) exporter, according to Australia’s Department of Industry, Innovation, and Science (DIIS). Australia already surpasses Qatar in LNG export capacity and exported more LNG than Qatar in November 2018 and April 2019. Within the next year, as Australia’s newly commissioned projects ramp up and operate at full capacity, EIA expects Australia to consistently export more LNG than Qatar.

Read more: https://www.eia.gov/todayinenergy/detail.php?id=40853

The global demand for natural gas is growing much faster than global demand for oil, primarily because it is the "clean hydrocarbon fuel" that is replacing coal for power generation.
Dan Steffens
Energy Prospectus Group
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