OEF Rapid Review
According to the international natural gas association Cedigaz, global liquid natural gas capacity is expected to peak at 387 million tons a year by 2021-2022 from 288 million tons this year at existing or under-construction plants. Trinidad and Tobago, the world’s ninth-biggest producer, will stop production in 2029. Algeria, Indonesia, Malaysia, and Australia – which next year will add more capacity than any other nation – will see declines in output by the end of the next decade. By 2035, new LNG projects will be required in all regions, with additional capacity needs estimated at 154 million tons.
LINK TO THE SOURCE ARTICLE:
Global LNG Glut To Shrink In Early 2020s, New Projects Needed By 2035
