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LNG Summit: LNG key to meeting world demand to 2030
12/10/2007
LNG will lead pipeline supply as natural gas leads other forms of energy to meet growing global demand through 2030, according to Tom Cordano, president of ExxonMobil LNG Market Development Inc., Houston. Cordano presented ExxonMobil’s view of global energy, natural gas, and specifically LNG to attendees of the 8th LNG Summit in Rome on Dec. 4.World energy demand during 2005-30 will rise by 1.3%/year, or by about 120 million boe/d. Natural gas will increase at about 1.7%/year and faster than either coal or oil. For natural gas, this is slower than the 2.4%/year evident over 1985-2005. Asia and the Middle East lead the rest of the world’s regions in that growth.While natural ga...
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