Design or retrofit LNG assets for low-carbon economy urges WEF report


Liquefied natural gas (LNG) regasification assets should be designed or retrofitted to ensure compatibility with future low-carbon fuel infrastructure, according to a new World Economic Forum (WEF) white paper.

Securing the energy transition presents a wide-ranging analysis encompassing policy, capital and infrastructural issues affecting the industry.

It finds the short-term outlook for LNG demand is positive, given the increased demand in Europe to compensate for Russian gas from pipelines and the role played by gas as an industrial input and source of peak power generation in many countries.

Yet competition for existing LNG will keep prices elevated and increase costs for energy-importing countries substantially.

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