The development of the Natural gas market and the LNG market
Examensarbete på grundnivå
The global production and consumption of natural gas have expanded since 2009 and at the same time new deposits of natural gas are still being found. The result of this growth is that the global trade of natural gas has been gowning as well to satisfy the consumer demand for the energy source. The LNG market has been growing during the last decades and has expanded by 94% since 2009, and natural gas has become a very attractive energy source due to environmental benefits and the affordable price. Natural gas has a relatively low emission and is considered more environmentally friendly compared to many traditional types of fossil fuels, such as heavy fuel oil and coal. Due to these benefits it is likely that the global natural gas consumption will continue to grow over the next 20 years. However perhaps not to the same extent as the previous decade. As a consequent of this, it is also likely that the global trade will increase. In this report, statistics regarding the natural gas market from 2009 has been analyzed in order to compare to statistics from 2019. This is to present the growth and to show the major changes that the market has grown through. Predictions made by experts within the energy sector regarding the next 20 years are presented. This is in order to better understand how the Natural gas market will develop, as well as to explain the factors contributing to the predicted future growth of the market.
LNG , natural gas , market , prediction , development , fuel , consumption , production , trade