Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC



Editorial Comment

A. Blume, Editor

The continued expansion of natural gas trade is led primarily by growth in the LNG sector, which has tripled over the past 3 yr. The share of LNG volumes traded on a spot and short-term basis has increased to 32% from 27%, signaling greater liquidity in the LNG market. 

A total LNG export capacity of 406 MMtpy is in place in 20 countries around the world. Around 66 MMtpy of new liquefaction capacity is under construction as of early 2019. Approximately 25 MMtpy of new liquefaction capacity is expected to come online in 2019, of which 21 MMtpy will start up in the US. Conversely, LNG regasification capacity totals approximately 868 MMtpy in 42 countries. Eight new floating regas terminals and 14 new onshore regas terminals are under construction, representing 95 MMtpy of new regas capacity. 

Classification organization DNV GL expects global LNG export capacity to increase by 45% from 2017–2022 to more than 400 metric MMtpy, with 90% of the new capacity coming from the US and Australia. By 2050, this capacity is anticipated to exceed 700 MMtpy. However, concerns exist about supply and infrastructure after 2022. According to the Gas Exporting Countries Forum, approximately $500 B must be invested in liquefaction, regasification, pipeline and shipping projects by 2040. Investments will need to be made in 2019 and 2020 to ensure that gas demand can be met after 2025. For more in-depth information and forecasts for spending, construction projects and market trends in the LNG and gas processing sectors, please see the Natural Gas/LNG section of the “HPI Market Data 2020” report, published by Hydrocarbon Processing in early November. GP


Copyright © 2019. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

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FEATURED COLUMNS

Editorial Comment: China eyes continued expansion of smaller-scale LNG
-Adrienne Blume
Smaller-scale liquefaction in China, the world’s second-largest LNG importer, has experienced growth in recent years as China’s government integrates more gas into the country’s energy matrix.
Executive Q&A Viewpoint: SeaOne expands South American energy options with Compressed Gas Liquid technology
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The quest for plant availability: Achieving improved compressor reliability and efficiency in downstream operations

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Plants in the downstream industry require a great degree of operational availability, equipment reliability and efficiency: These factors are crucial for end users, as thousands of complex and intricate processes are operating in parallel – many of them are driven and safeguarded by compression technologies.

Uniformly, reliability is a universal maxim, and this holds particularly true for handling and compressing challenging gases processed in such plants. In fact, there is a direct, vital link between the reliability of compressor equipment designed for and used in these processes and the availability of the plant.

With a focus on different chemical/petrochemical, syngas and LNG applications our speaker Ulrich Schmitz will introduce to the listeners how centrifugal compression technologies such as integrally geared can be designed and employed reliably to perform the key process challenges of the industry, while also contributing to an efficient operation.

September 24, 2020 10:00 AM CDT

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