LNG supply and demand
Gas continues to grow before leveling off at 29% of the energy mix by 2050
Though liquefaction of natural gas has been around for over a hundred years, a main driver for strong forecast growth is the simultaneous cost decline and regional shifts in demand and supply. Although global demand for natural gas peaks in 15 years, several regions, including Greater China and Europe, will continue to experience increasing deficits. North America will show a strong gas surplus, and, thus, LNG exports will grow. Global liquefaction and regasification capacity will grow in tandem to more than double current levels. As average shipping distance will also grow, LNG tankers will increase their gas transport market share and transport in tonne-miles will quadruple.