The shifting market landscape has had a heavy impact on the LNG market worldwide
A 3% decline in gas demand in 2020 and 1% growth in Liquified Natural Gas (LNG) caused high levels of LNG market volatility with both extreme oversupply and extreme tightness during the course of the year, making it an unprecedented year for gas and LNG markets worldwide.
According to a report released by McKinsey, gas will be the strongest-growing fossil fuel and will increase by 0.9% from 2020 to 2035. It is the only fossil fuel expected to grow beyond 2030, peaking in 2037.
Credits: oilandgasmiddleeast.com