Producers talk up gas demand growth
Affordability and increasing flexibility could underpin double-digit growth, say bullish developers of supply
Demand for gas and LNG is set to continue its double-digit growth—with buyers being attracted by a combination of availability, affordability, flexibility and environmental benefits—producers of the fuel told the Gastech conference in Houston this week. "The industry systematically underestimates demand," says Meg Gentle, president and CEO of US LNG export project developer Tellurian. She is "astonished" the market anticipates 4-5pc pa growth when there has been double-digit increases for each of the last three years. "Year-to-date we've increased the market size by 14pc," she says. "Demand is much more robust than [the industry is] anticipating. In spite of challenges there are opportunitie
Also in this section
20 January 2025
The country’s oil and gas giant, KazMunayGas, is pushing ahead with a series of significant international partnerships
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent