Press Release

Worldwide Demand for LNG (Liquefied Natural Gas) Increased 22% by Volume Between 2005 and 2009

June 2nd, 2010

Global Information Inc would like to present a new market research report, "Liquefied Natural Gas Market Worldwide" by SBI Energy (aka Specialist In Business Information).

The global market for liquefied natural gas (LNG) makes up almost 10% of the total annual worldwide natural gas consumption. Largely driven by "supply push", LNG markets are expected to show robust growth over the next several years. Additionally, LNG demand is projected to catch up with supply-chain capacity by 2014, which will be fueled by relatively low prices and a global economic recovery. Liquefied natural gas, or LNG, is natural gas that has been converted to liquid form for the purpose of storage or transport ease. The natural state of gas is characterized as low density and high volume, which makes it costly and inefficient to store and transport gas over long distances in its gaseous state. Additionally, crossing international borders by pipeline magnifies commercial and investment risks and complexities. Hence, liquefying natural gas aims to solve this dilemma. LNG enables access to natural gas from regions with vast production potential to faraway end markets unable to be connected through pipelines. While pipeline gas remains the leading provider for the majority of the global natural gas trade, LNG now accounts for nearly 30% of the natural gas trade. According to this report, "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."

This report contains a summary of the global market for liquefied natural gas. It includes an overview of the LNG market structure, mechanisms and key participants. The report also discusses key technologies leveraged within the LNG supply chain, including liquefaction, shipping and regasification technologies. The report also provides information on recent investments in LNG liquefaction capacity, shipping capacity, and regasification capacity across regions and major participating nations.

Global Information Inc.(GII) - specializing in market research provision for the vertical industries, GII offers expert independent recommendations of publications from hundreds of the globe's leading market research firms.

Product Code : 120869