Major Oil Companies Seek New Markets in Small-Scale LNG

Some of the world’s top LNG players are searching for new markets as the sector approaches a period of oversupply that will require producers and sellers to be proactive in creating additional demand.

Poten expects 270 MMt of LNG will be produced from conventional plants in 2015. That total is expected to jump to 360 MMt/y within five years. And increasingly there are expectations that underlying demand will not keep up with such a rapid jump in supply over the same period.

In Europe, this is leading the top LNG participants to develop new centers of demand that barely exist at the moment. A growing number of LNG market participants are investing in new infrastructure and forming partnerships with supply-side companies to develop small-scale LNG applications, predominantly in marine and land-based transportation.

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