We are in a critical transition period where global energy demand is growing fast, and the world is moving towards cleaner energy sources. Natural gas is playing a dominant role in this transition, providing the backbone for delivering clean and reliable energy to homes and businesses, and is becoming an alternative fuel for land and marine transportation.
By 2040, natural gas will grow to account for a quarter of the global energy demand, the only fuel that will grow in the global energy mix. LNG will represent a major part of this increase due to its ability to reach places not previously accessible due to geographical constraints, as well as infrastructure and geopolitical complexities.
Working in the LNG industry means being part of an international, diverse and dynamic community in a business that is facing a crucial and fascinating change forcing everyone in this industry to move faster and become more innovative.
The LNG industry is still relatively young; the first commercial liquefaction LNG plant started its operation in 1964, and in roughly 50 years, LNG imports have reached around 300 MT a year across 40 different countries. This fast, international growth has created a very diverse and strong community where building relationships and staying connected is crucial. Being part of the LNG community involves dealing with counterparties from different nationalities, cultures and roles. It involves a lot of travel to meet counterparties and attend relevant global events and conferences, such as Gastech, where you can network and stay updated with the latest trends and news.
LNG is a very dynamic industry that is in continuous change, where no one can ever get bored. For instance, only 10 years ago, the USA was building many regasification terminals to import LNG. Today, with the discovery of shale gas and new upstream fracking techniques, the USA has become one of the most important suppliers of LNG in the world.
The business is in continuous development and main players are focusing on innovation, across each part of the value chain, to create new opportunities, access new areas and countries and create new energy solutions. FSRUs have become a fast-track solution for many LNG importers thanks to its speed of implementation and investment easiness. LNG is also gaining popularity as an alternative fuel for marine transportation, due to increasingly restrictive fuel-burning regulations across the globe.
For instance, my company, Naturgy, has developed DirectLink, a revolutionary infrastructure solution for LNG transfer to smaller scale projects. This infrastructure is a floating system consisting of a platform that has a connection mechanism compatible with any type of vessel. Once connected to the ship, the LNG is transferred, safely and efficiently, to land through floating cryogenic hoses. Both the system, which has been applied offshore for the first time in the world and the floating cryogenic hoses, constitute two milestones that highlight the innovative aspect of the platform.
Players in the industry are also getting ready for a digital transformation, using advanced analytics, AI, and other digital tools to reduce costs, boost productivity and performance, and pursue new growth opportunities. Young professionals, born in the digital era, will have a key role in this digital development.
In summary, working in LNG means being part of an international, dynamic and innovative community, in an industry full of opportunities that is playing a key role towards fostering a cleaner, more sustainable future.
If you would like to attend the Young Gastech programme* and hear more from Leyre de Adrian on "One Day in My Life: Snapshots of Careers in the Industry", visit the Gastech site today!
Image courtesy of Naturgy
*Young Gastech is aimed at final year university students, graduates and young energy professionals with 12-18 months experience.
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