Throughout Europe and the rest of the world, the gas and broader energy industry is experiencing rapid change, and incumbents are being forced to reconsider their business models and product offerings.
Contributed by: SeyedMohsen Razavi, Energy Technology Analyst, Energy Economics & Forecasting Department, Gas Exporting Countries Forum (GECF)
Contributed by: AlexandraShaykevich, Research Assistance, Energy Economics & Forecasting Department, Gas Exporting Countries Forum (GECF)
The energy landscape is becoming increasingly complex, reflecting a transition to more diverse energy systems. The energy transition is partially fuelled by the emergence of new technologies and innovative breakthroughs in existing technologies.
Industry experts have identified the potential for a supply shortage by mid-2020 unless new LNG production projects come online, which leads to the question; how are LNG developers responding to the emerging shortfall?
Interview with ChristopherCaswell, Director LNG and FLNG, KBR
The FLNG market size for 2016 was valued at over US$10 billion and is set to exceed 300 mtpa by 2024, reported by Global Market Insights, with increasing demand for cleaner fuel driving the global growth.
Interview with TarekSouki, SVP LNG Marketing and Trading, Tellurian
It has been projected that by 2020, North America will become energy self-sufficient and maintain its position as the world’s largest natural gas producing region; and as LNG grows seven times faster than pipeline gas trade, LNG may account for half of