Report: Global LNG Market to Double by 2010

Thursday, March 01, 2007
The global market for liquefied natural gas is expected to grow rapidly until the end of the decade, doubling in size over five years to 2010, according to a report published by PriceWaterhouseCoopers, as reported in Forbes. That will mean LNG will be contributing around 40 pct of the anticipated growth in global gas supply between 2005 and 2010, it said. Qatar, Nigeria and Australia will lead the growth, said Michael Hurley, head of the Global LNG team at PwC. But the report also highlighted the risks facing companies involved in the LNG business such as BG Group PLC , stressing that previous LNG activity has been the subject of 'enormous ups and downs', with some infrastructure built in the 1970s remaining unused until the 1990s. The report added technology will be key in determining the future shape of the market and a series of developments may transform the role of LNG still further, which will aid growth. Source: Forbes

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

LNG

Samsung Heavy Loses $4.6-bln FLNG Order

South Korea’s shipbuilder Samsung Heavy Industries (SHI), the world’s third-largest shipbuilder,  has received a contract termination for three floating liquefied

AIDAprima Makes Maiden Call at Southampton

AIDA Cruises’ new flagship AIDAprima docked in Britain’s Southampton port for the first time on the morning of April 27, 2016, as part of a four-day short cruise.

Statoil: Limited U.S. LNG Impact in Europe this Year

The European natural gas market is well supplied by pipeline gas from Norway and Russia, Norway's Statoil said on Wednesday, adding that it expected only limited impact from U.

Coast Guard

Disabled Fishing Vessel Towed to Maine

The 60-foot fishing boat Paulo Marc was towed by the crew of U.S. Coast Guard Cutter Moray after the fishing vessel became disabled Wednesday about 90 miles east of Portland, Maine.

Fishing Crew Missing off Wales

The U.K. Coastguard is searching for the crew of a sunken fishing vessel near St David’s Head, Pembrokeshire.   The Coastguard said it received a 999 call from

USCG Uses Skiff Ice Boat to Rescue Injured Man

The U.S. Coast Guard medically evacuated a man off of a dredging barge in Lake Erie near Sandusky, Ohio, Wednesday evening. At approximately 5:45 p.m., a good

 
 
Maritime Standards Naval Architecture Navigation Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0770 sec (13 req/sec)