LONDON (Commodity Online): The recent Japanese nuclear outage and nuclear phase out by European markets has raised the global demand of Liquefied Natural Gas (LNG) to 248.5 million metric tons (mt) in 2011 and the demand is forecast to exceed supply by 75 million mt by 2014, according to New market research report Global LNG Market Short and Long Term Outlook.
But for long term, by 2020, the global LNG demand/supply balance is projected to total 75 million mt.
Presently, the lack of investment and skilled labor are delaying supply projects, especially the African and Australasian projects have been delayed by one to two years.
The demand for LNG is also driven by Japan, the UK, China, France and South Korea.
New market research report “Global LNG Market Short and Long Term Outlook – Trends, Drivers and Forecasts of Supply, Demand, Capacity, Trade and Contracts to 2020” prepared by LNGReports has been recently published by Market Publishers Ltd.
