The demand for liquefied natural gas (LNG) hit 265 million tonnes in 2016, opening yet more opportunities for equipment crossovers between the LNG industry and the industrial gas sector.
According to oil giant Shell’s new LNG outlook, the demand for LNG in 2016 kept pace with a planned strong increase in new supplies, with greater than expected growth in demand from Asia and the Middle East absorbing the rise in supply from Australia.
The increase was largely due to the addition of six new importing countries, with the total of importing countries now standing at 35 compared to just 10 at the start of the century.
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