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19/12/19
14:58
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Originally posted by LNGnewhorizon:
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McKinsey & Company, September 2019 report "Approximately 35% of new LNG supply capacity is under current construction, with expectations to come online in phases until 2025. :"Liquefaction projects will require more than $250 billion of investment in the next 15 years, with most of the investment expected in Africa, the Middle East, and North America. "While we expect coal demand to peak before 2025 andoil demand to peak around 2033 , gas demand will continue to grow until 2035, albeit at a slower rate than seen previously. The power-generation and industrial sectors in Asia and North America and the residential and commercial sectors in Southeast Asia, including China, will drive the expected gas-demand growth. Strong growth from these regions will more than offset the demand declines from the mature gas markets of Europe and Northeast Asia
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Great news. Should be happening sometime in the next two years!