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Project Insights

LNG demand growth by 2025 may disappoint

Interfax Chief Energy Analyst Peter Stewart spoke about LNG demand growth in Asia and the impact of Asian demand on European supply at Flame on Monday. Interfax was a Bronze sponsor of the conference Interfax Chief Energy Analyst Peter Stewart spoke about LNG demand growth in Asia and the impact of Asian demand on European supply at Flame on Monday. Interfax was a Bronze sponsor of the conference.
By Peter Stewart 15 May 2019 World / LNG 0 34222
An LNG tanker leaves Australia's Ichthys plant. (Inpex)

The years 2019 and 2020 are shaping up to be record-setters for FIDs on liquefaction projects. But will the growth in demand for LNG be sufficient to justify the investment?

Global liquefaction capacity stood at 406 mt in 2018. Interfax Global Gas Analytics forecasts that as much as 200 mt of new capacity will be added by 2025 – nearly three-quarters of which will be in North America.

FIDs have been taken in the past year on the 14.0 mtpa LNG Canada, 15.6 mtpa Golden Pass and...