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The energy crisis may entail billions of dollars of investment in LNG


26 sierpnia 2022
watermark Economic news

Analysts note that the main feature of the current global energy crisis is the lack of investment in LNG infrastructure. And this, in the near future, may lead to a significant growth of the natural gas market – up to $ 42 billion.


And while Europe and Asia are suffering from shortages of fuel supplies, the US position as the world's largest LNG exporter may significantly strengthen.


It is logical to assume that as the world's energy crisis deepens, countries will try to find reliable energy sources, and investments in the latest liquefied natural gas infrastructure will begin to grow sharply. Texas has already received a huge share of investments ($10 billion) for the ExxonMobil and Qatar Energy Golden Pass LNG LNG development project. Another $13.2 billion was sent to Louisiana for the construction of the Venture Global Plaquemines LNG project.


Experts also predict that the total volume of natural gas production will reach 14.7 million barrels per day in 2030, which is almost twice as high as in 2021 (8.7 million barrels per day). Total production will reach a peak of 16.3 million barrels per day in 2034.


By 2030, the main LNG processing capacity will be in America with the US as the leader (about 30% of global natural gas consumption), while the countries of the Asia-Pacific region will account for about 25%.


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