LNG global demand
Wednesday, March 14, 2012 at 11:54AM Of great personal interest to me right now: FT reporting yesterday that Bernstein Research is predicting global demand for LNG will double by 2020.
That's right, double.
You may think it's all about Germany and Japan running from nuclear power, and that's certainly a big part of it. But I can tell you from personal experience right now that there is exploding demand for LNG in emerging markets. Bernstein cites LATAM, the Middle East, India and China. But frankly, it's everybody out there.
This is why North America's emergence as a potential big source (imagining as much as 1/4 of US production being shipped out) is such a game changer.
This is why so many investing companies are looking at East Africa right now (as another FT story portrays) for both oil and gas. Natural gas production in Africa is up roughly 80 percent from a decade ago. And it will only move higher in response to such incredible demand.
Reader Comments (2)
So, Africa will be a major source of a valuable commodity? Now I understand why it is so important to stop the "Lord's Army." Those nasty African dictators that we have been ignoring for the last 60 years better look out. Some "regime change" might be in order. Got to help the African people and I am sure they won't mind if we help ourselves to some of their natural resources while we are at it.
Africa is really a rich source of raw materials and those things mentioned above.
I am just hoping that they will learn to use those sources in an intelligent way so they will start developing their own country instead.
Danica
My blog : étagère pour chaussures