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.