The LNG industry enters 2012 after a year when output grew by just over 9%. It now has the flexibility to respond to unexpected changes in the market including, in 2011, the surge in demand from Japan following the tragic events of March 11, when the Great East Japan Earthquake caused devastation along the north-east coast of the country and triggered the world’s worst nuclear disaster since Chernobyl twenty-five years ago. But what are the prospects for 2012? Will it be a year of consolidation or change? How much new export and import capacity will be added? What is the outlook for prices? LNG Business Review assesses the prospects for the coming year as growth in output slows at a time of robust demand across the world.
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