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Oil & Gas IQ: LNG - Liquefied Natural Gas

Small-Mid Scale LNG Trends 2013: Development, Adoption & Obstacles

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Posted: 04/11/2013

Since the first Liquefied natural gas (LNG) plant began operations in West Virginia in 1917, the potential for natural gas to supplant conventional fossil fuels as an energy source of choice has been steadily growing.

According to BP’s Energy Outlook 2030, the market for LNG is anticipated to grow at the rate of 4.4 per cent per annum, with above average growth expected across Europe and Asia.

With the output of the "shale gale" in the United States set for domestic consumption, supply for this boom will primarily come from Qatar and the other Middle Eastern gas giants, supplemented by reserves in Australia and frontier African countries like Mozambique coming to fruition around 2020.

We surveyed our European LNG community at Oil & Gas IQ to ask what they deemed to be some of the industry innovations and pain points in 2013 and beyond.

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By:
Posted: 04/11/2013