Just two years ago the demand for LNG was almost unsustainable as new energy applications were being developed and the price against oil was favourable for this alternative energy source.
This expansion of use led to liquefaction shortfalls in the Americas and other regions, while the equipment manufacturers were seeing vast increases in volumes.
During this period industry leaders were all were shouting about the environmental benefits, while also mentioning the financial gains this energy source offered. Today, market developments have changed mainly as the result of the fall in the oil price and it is more difficult for the LNG providers to sell this energy source for new applications. With the other energy source available at most street corners, potential customers do not have to invest in the capital required to switch to LNG.
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