New supply projects to push LNG into major markets

LNG UPDATE—ConclusionThis article concludes Oil & Gas Journal's LNG Report that began last week.LNG's share of the world's trade in natural gas set records in 2002 even as gas production growth was flat.This conclusion of two articles on the world's LNG trade will continue a review of major trends in LNG export projects begun in the first article (OGJ, June 23, 2003, p. 72). Table 1Click here to enlarge imageTable 1 shows LNG exports by country. Of the production, 49.2% is in Asia Pacific, 23.8% in Africa, 22.3% in the Middle East, and 4.7% in the Western Hemisphere. At yearend 2002, liquefaction plants were operating in 12 countries with 69 trains and a combined ca...

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