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London, United Kingdom, 2012/05/16 - Visiongain calculates that capital expenditure in the LNG market will total $35.8bn in 2012. You will gain valuable insight into the future developments of this sector by ordering The Liquefied Natural Gas (LNG) Market 2012-2022 report - Visiongain.com.
The world has vast quantities of natural gas reserves, but most of them are located far from where the gas is most needed. In natural gas liquefaction plants, gas is cooled and its volume is reduced by a factor of 600 at a temperature of -162°C. This enables LNG carrier ships to transport economic volumes of LNG across oceans to regasification terminals. At the receiving or import terminals the LNG cargo is either turned from liquid to gas and it is fed through gas pipelines to the gas grid, or is stored as LNG in super cooled tanks. This chain of operations allows for facilitated international trade of natural gas, the fastest growing fossil fuel.
By the early 1960s the world had yet not seen any significant commercial trade in liquefied natural gas, but by the end of that decade commercial trade in LNG began to enable Japan to import gas through LNG. Since then, many countries have built LNG export or LNG import terminals and trade in LNG ballooned to over 100mtpa by the year 2000. The world currently has substantial capacity to export LNG. The construction projects and plans for further capacity increase for LNG terminals across the globe imply that worldwide capacity for LNG production and trade will be increasing throughout the forecast period.
Capacity additions to all major national LNG import and export markets will drive growth in the LNG market. Over the forecast period of this report, many countries will see numerous new LNG production plants come on-stream, allowing those countries to exploit their natural gas reservoirs for export earnings. On the other hand, LNG regasification and storage terminals will enable countries or regions with limited access to natural gas resources to supplement their gas supplies as gas is currently the most efficient and effective form of electric power production and it is widely used for heating. Naturally an increasing number of LNG carriers will be required in order to allow LNG trade to grow.
The Liquefied Natural Gas (LNG) Market 2012-2022 report will be of value to current and future potential investors in LNG, as well as companies and research centres who wish to broaden their knowledge of the LNG market.
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