Growing role of LNG in world energy supplies

Conference · Mon Jan 01 04:00:00 EST 1979 · Gastech '79 LNG/LPG Conf. Pap.; (United States)

OSTI ID:5576794

Ait-laoussine, N

Since entering the market in 1964, LNG has made tremendous gains in world trade, proving to be a safe, reliable, and cost-competitive gas resource despite public safety concerns. Presently, eight liquefaction plants in six different countries ship 3.5 billion cu ft/day to six gas-importing countries at prices competitive with imported fuel oil. Extraordinary growth in LNG trade by 1990 (to 4.5 trillion cu ft/yr) is projected to bridge the supply gap expected in Western Europe and the US. A major constraint on LNG's long-term contribution stems from the lack of economic incentive to most Middle East countries, whose reserves are the world's largest, to initiate export projects due to the price-competitiveness of LNG and fuel oil. Consuming countries may have to agree to receive LNG at prices considerably above imported fuel oil costs.

• OSTI ID: 5576794
• Report Number(s): CONF-7911193-
• Conference Information: Journal Name: Gastech '79 LNG/LPG Conf. Pap.; (United States) Journal Volume: 1(3)
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
030600* -- Natural Gas-- Economic
Industrial
& Business Aspects
ECONOMIC GROWTH
ENERGY SOURCES
ENERGY SUPPLIES
EUROPE
EXPORTS
FINANCIAL INCENTIVES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUEL OILS
FUELS
GAS FUELS
GASES
GLOBAL ASPECTS
IMPORTS
INDUSTRIAL PLANTS
LIQUEFIED GASES
LIQUEFIED NATURAL GAS
LIQUID FUELS
MARKET
MIDDLE EAST
NATURAL GAS
NATURAL GAS PROCESSING PLANTS
NORTH AMERICA
OILS
ORGANIC COMPOUNDS
OTHER ORGANIC COMPOUNDS
PETROLEUM PRODUCTS
PRICES
PUBLIC OPINION
RESERVES
RESOURCES
SAFETY
TRADE
USA