Over the past 12 months, the gas market expanded by 5.3%, while the LNG segment grew at 8.6% in 2018
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In 2018, China and US together accounted for more than 60% of the overall demand growth.
The annual growth rate for
gas will decelerate over time,
to 0.7% per year in 2023–35 from 1.3% per year in 2018–23.
Until 2035, gas will be the fastest-growing fossil fuel, with growth of 0.9% per year
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Approximately 35% of new LNG supply capacity is under current construction, with expectations to come online in phases until 2025.
While LNG demand will grow at 3.6% per year in 2018–35, supply-capacity additions will create a ‘long’ market until 2025—and possibly until 2027
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Liquefaction projects will require more than $250 billion of investment in the next 15 years, with most of the investment expected in Africa, the Middle East, and North America.
Meeting additional LNG demand after 2027–28 will require more than $400 billion of investment across the LNG value chain
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Traditional buyers seek more hybrid indexation as they diversify largely oil-linked portfolios.
Long-term LNG contract-pricing mechanisms, including price indexation and slope, are evolving rapidly
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