For the LNG business, 2019 was a year of remarkable growth. Trade expanded by 13%, the fastest rate since 2010, as volumes jumped by the largest-ever annual increment: 40.9 mt. Spot and short-term trading reached 119 mt, one-third of the market, highlighting its growing commoditisation and sophistication. Investment in new capacity reached new heights, as six large-scale projects totalling 71 mtpa reached final investment decision (FID).
This data from GIIGNL’s annual report would be a great reason for celebration, had it not been released in the midst of lockdowns and strict social distancing measures put in place by governments around the world to combat Covid-19. The consequent energy demand destruction as new waves of LNG supply continue to wash over the market means 2020 will be a year of remarkable uncertainty.
Subscription Benefits
Our three titles – LNG Business Review, Gas Matters and Gas Matters Today – tackle the biggest questions on global developments and major industry trends through a mixture of news, profiles and analysis.
LNG Business Review
LNG Business Review seeks to discover new truths about today’s LNG industry. It strives to widen market players’ scope of reference by actively engaging with events, offering new perspectives while challenging existing ones, and never shying away from being a platform for debate.
Gas Matters
Gas Matters digs deep into the stories of today, keeping the challenges of tomorrow in its sights. Weekly features and interviews, informed by unrivalled in-house expertise, offer a fresh perspective on events as well as thoughtful, intelligent analysis that dares to challenge the status quo.
Gas Matters Today
Gas Matters Today cuts through the bluster of online news and views to offer trustworthy, informed perspectives on major events shaping the gas and LNG industries. This daily news service provides unparalleled insight by drawing on the collective knowledge of in-house reporters, specialist contributors and extensive archive to go beyond the headlines, making it essential reading for gas industry professionals.