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Liquefied Natural Gas Market Worldwide Rosetta Stone
Published Date : 1 June 2010Pages : 154Natural gas accounts for 20% of the world’s marketed energy, with more than 120 quadrillion Btu of natural gas is consumed globally. It is a critical fuel in the generation of electric power and heat. Furthermore, it is used in industry as an energy source and/or feedstock for manufacturing fertilizer, pulp and paper, metals, chemicals, textiles, plastics and pharmaceuticals, among others.Nearly 120 quadrillion Btu of natural gas is consumed globally. Some gas-producing countries, such as those in the Middle East and Africa, are able to satisfy all of their natural gas demand through domestic supply. Others, such as Japan and South Korea, are almost entirely reliant on natural gas imports to fuel power plants, industrial processes and provide heat. Still others, including those in Europe and North America, are able to partially meet natural gas demand with domestic supply while supplementing the rest with imports.Over a quarter of global natural gas demand is fulfilled by imported natural gas. Countries in Europe and Eurasia are by far the leading importers of natural gas and import about 450 billion cubic meters of the fuel, Cheap Rosetta Stone Chinese
or about 40% of the region’s natural gas requirements, annually. This region is followed in natural gas imports by the Asia Pacific and North America regions. Together the three regions account for 95% of global natural gas imports.Because of its low density and high volume, natural gas is costly and inefficient to store and transport over long distances in its gaseous state. Moreover, crossing international borders via pipeline amplifies commercial and investment risks and complexities. Pipeline construction and maintenance costs, along with technical challenges, escalate with distance. Further, when the pipeline must traverse countries which are not involved as gas producers or consumers, concessions may be difficult and costly to obtain.Liquefied natural gas (LNG) is natural gas which has been converted to liquid form for ease of storage or transport. Liquefying natural gas allows access to natural gas from regions with vast production potential to end markets too distant to be connected by pipeline. The global market for LNG accounts for nearly 10% of total annual worldwide natural gas consumption. Pipeline gas continues to account for the majority of global natural gas trade. However, nearly 30% of natural gas trade is now provided by LNG.Despite the global economic recession in 2008 and 2009, global demand for LNG increased by nearly 22% in volume terms from 2005 to 2009. North American imports are expected to more than double from 16 Bcm in 2009 to 40 Bcm in 2013. Over the past five years, significant investments in the LNG supply chain have been made around the world and global liquefaction capacity has increased by 40%.LNG has assumed an increasingly significant role in the energy security of several nations around the world. LNG markets are expected to show robust growth over the next several years, driven largely by supply push. Driven by relatively low prices and a global economic recovery, LNG demand is expected to catch up with supply-chain capacity by 2014. LNG markets will likely experience renewed investments in supply-chain infrastructure in the years beyond 2015.While the US currently accounts for less than 6% of global LNG imports, US domestic natural gas demand and supply dynamics have dramatically influenced global LNG investments over the past few years. Given the concurrent and rapid increases in US unconventional gas production capacity and LNG regasification and Cheap Rosetta Stone Greek
storage capacity, the US is likely to continue to re-shape global LNG trading in years to come.Liquefied Natural Gas Market Worldwide includes a broad review of the global market for liquefied natural gas. Key technologies leveraged within the LNG supply chain, including liquefaction, shipping and regasification technologies are discussed.

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