CERA sees strong LNG growth, mixed commercial success

11/28/2005
The LNG industry will grow more in the next 7 years than it did in its first 40 years, projects a study by Cambridge Energy Research Associates, Cambridge, Mass.The business thus will represent a critical way for large oil and gas companies to achieve organic growth.“Huge investments in LNG are under way and irreversible,” writes Michael Stoppard, CERA senior director, global LNG. “On the upstream supply side, where most of the money is spent, global needs justify major spending increases. Planned LNG supplies are not an overreaction nor an overbuild.”He warns, however, that some LNG projects will fail to generate commercial returns and that some parts of the LNG v...
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