According to a new report by MJMEnergy Ltd, LNG will potentially overtake pipeline gas as the dominant form of international gas trade by 2035.

The MJMEnergy LNG Supply Handbook 2015-2035, published June 2015, is written by LNG experts for LNG executives, consultants and analysts and provides a comprehensive source of information on LNG supplies over the next twenty years culminating in an LNG Supply Outlook 2015-2035.

Including an in-depth analysis of 28 current and future potential LNG supplier countries operating in the expanding LNG market, providing details of existing and future LNG projects and contracts together with an analysis of future LNG supplies.

Summary of Key Findings

  • World energy demand is expected to grow to between 17,500 – 20,650mtoe (million tonnes of oil equivalent) by 2035
  • World gas demand, is forecast to grow to between 4.5 and 5.3tcm by 2035
  • The supply of LNG has increased over the last 50 years to 333bcm (242mt) in 2014, accounting for 33% of gas internationally traded and around 10% of total gas consumption.
  • By 2035 LNG demand is forecast to be in the region of 540 – 940bcm, (391 – 681mt), with the range of forecasts reflecting the sensitivity of LNG demand to a variety of variables such as the availability and price of pipeline gas.
  • Over the period 2015-2035 the forecast is that the LNG market will be comparatively long for much of this time, driven by new supply in Australia, the USA and elsewhere.

Existing and currently under construction LNG capacity will be sufficient to meet forecast global LNG demand until 2026 in Demand Mid Case and throughout the forecast period in the Demand Low Case. In the Demand High Case additional LNG capacity will be required to meet demand post 2021.

More information can be found by following the link to the right of this news story.