Current status and future projections of LNG demand and supplies: A global prospective

Satish Kumar, Hyouk Tae Kwon, Kwang Ho Choi, Jae Hyun Cho, Wonsub Lim, Il Moon

Research output: Contribution to journalArticle

117 Citations (Scopus)

Abstract

An unceasing growth of gas consumption in domestic households, industry, and power plants has gradually turned natural gas into a major source of energy. Main drivers in this development are the technical and economic advantages of natural gas. It is a clean, versatile, and easily controllable fuel. On this basis, natural gas is often considered the form of energy that will be the "bridging fuel" to a sustainable energy system, sometime after 2050. Unlike other main sources of energy, such as oil and coal, gas is not traded on an actual world market. This paper provides an overview on demand and supplies of natural gas (LNG) in the past as a function of gas prices, gas technology (gas sweetening, liquefaction, shipping and re-gasification), and gas market and how they have changed recently. It also discusses the likely developments in global LNG demand for the period to the year 2030.

Original languageEnglish
Pages (from-to)4097-4104
Number of pages8
JournalEnergy Policy
Volume39
Issue number7
DOIs
Publication statusPublished - 2011 Jul

All Science Journal Classification (ASJC) codes

  • Energy(all)
  • Management, Monitoring, Policy and Law

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