"Global demand for liquefied natural gas is expected to double to 700m tonnes by 2040 as energy consumption, particularly in Asia, rises and the world shifts away from dirtier burning fuels, Royal Dutch Shell said on Thursday.
In its annual outlook for the supercooled fuel, the energy major said that gas would play a significant role in shaping a lower-carbon future. About 80 per cent of global energy demand growth is forecast to be met by renewables and gas."
https://www.ft.com/content/46587834-53bb-11ea-90ad-25e377c0ee1f
“While we see weak market conditions today due to record new supply coming in, two successive mild winters and the Coronavirus situation, we expect equilibrium to return, driven by a combination of continued demand growth and reduction in new supply coming on-stream until the mid-2020s.”I swear I didn't write the above, it was Shell I tells ya
Breaking News:
https://www.cnbc.com/2020/02/20/demand-for-liquefied-natural-gas-set-to-double-by-2040-shell.htmlTexas-based company has reportedly created a coronavirus vaccine
https://nypost.com/2020/02/20/texas-based-company-has-reportedly-created-a-coronavirus-vaccine/India set to import record LNG volumes as spot prices slump on virus impact
"The South Asian nation is estimated to import about 2.36 million tonnes in February, shiptracking data from Refinitiv Eikon showed. That would exceed India’s LNG imports in October of about 2.3 million tonnes, the previous highest monthly total."
"The country’s annual LNG imports is expected to rise by 10%-15% this year"
I swear I didn't write the above, it was Reuters I tells ya
https://www.reuters.com/article/india-lng-imports/india-set-to-import-record-lng-volumes-as-spot-prices-slump-on-virus-impact-idUSL4N2AK2UN
It will have an initial capacity of 1 million tonnes per annum (mtpa), and increase it to 6 mtpa in a phased manner.https://www.thehindu.com/news/cities/puducherry/lng-import-terminal-at-karaikal-port-to-commence-operations-in-2021/article30868843.eceFunny, LNGL needs to fill 6 mtpa. Get on it Greg!
Every sector has a cycle. Having found the bottom, it's up from here for the LNG sector in my opinion. And yes I think Shell who just invested big time in a Louisiana project with Lake Charles LNG would know better than everyone else on HC.
