Oil and Gas Investor: Last Mile Is Key To Global LNG Growth

22 January 2018: “At a recent market outlook by Haynes and Boone LLP, presenters from that law firm as well as maritime brokers and analysts Poten & Partners, and logistics operator USD Group suggested that the immediate need for LNG growth worldwide is midstream infrastructure to connect regasification facilities to users. By 2022 new long-term supply is likely to be needed, but the key to continued growth and diversification of global LNG is on the midstream for the last mile. Poten estimated that between 2010 and 2017, $312 billion was invested worldwide in liquefaction, of which two-thirds was by end-users and one-third by energy majors or aggregators. In the same period, about $45 billion was invested in shipping, of which roughly half is contractually committed. Also in the same period, about $47 billion was invested in regasification, of which a glaring 72% remains unused or underused.” To read full article, click here.