CERA: LNG growth exceeds expectations

In a market growing faster than had been expected, LNG will meet 15% of global gas demand by 2012, says an analysis by Cambridge Energy Research Associates.“CERA’s 2004 projection that the LNG industry would grow in the 8 years to 2012 by the same amount as in the first 40 years of its history now looks, if anything, overly cautious,” said Michael Stoppard, CERA senior director for global LNG.He now expects the LNG industry to double in 6-7 years from 2004. The conclusion comes in a CERA report entitled “Progress in the Face of Adversity.”More than 25 million tonnes/year of liquefaction capacity has been commissioned since October 2005, adding 18% to global c...

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