The vast majority (85%) of professionals working in the liquefied natural gas (LNG) sector believe that more investment is needed in LNG infrastructure to satisfy forecasts for growing global demand after 2025.
However, more than two-thirds (69%) stated that uncertainty over prices is limited spending in the megaprojects needed to feed the world’s growing appetite for LNG.
This is according to a new report published today by quality assurance and risk company DNV GL that forecasts global LNG production will increase from 250 mega tonnes per year (mt/yr) to around 630 mt/yr by 2050.
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