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Global LNG, Market Size and Growth
LNG producing countries worldwide are reviewing their expansion plans in view of the current global financial crisis. Shrinking demand for natural gas, particularly from power generation, domestic and transportation sectors globally is forcing companies to postpone their new LNG projects and expansions of their existing facilities. Non-availability of credit and higher demand for conventional gas over LNG due to economic recession is leading to reduced investments in the LNG industry.

Besides, dip in LNG spot prices coupled with increasing spare LNG capacities across the world can lead to delay or even scrapping of some planned LNG projects. Accordingly, global LNG production will grow at an AAGR of 15.8% between 2008 and 2011 instead of 21.3% as estimated earlier.

Global Liquefaction capacity increased from 121.4 Million Tonnes in 2000 to 212.6 Million Tonnes in 2008, at an AAGR of 7.0%. It is expected to increase from 212.6 Million Tonnes in 2008 to 475.9 Million Tonnes in 2015, at an AAGR of 11.5%.
This latest LNG market data and analysis was taken from the research report
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"Global LNG Liquefaction Industry to 2015 Investment Opportunities, Analysis and Forecasts of All Active and Planned Liquefaction Terminals
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published by GlobalData – for more information on this report,
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