Bloomberg: LNG Will Offer Protection Against Gas Supply Halts: IEA

Rising liquefied natural gas output will help protect against disruptions globally as the conflict between Russia and Ukraine rekindles concerns about security of supply, according to the International Energy Agency.

Natural gas production is expected to rise in almost all regions except Europe and the volume of LNG output will almost triple by 2040, the IEA said in its World Energy Outlook published today. China and the Middle East will lead an increase in natural gas demand of more than 50 percent by 2040, the fastest rate among fossil fuels, according to the Paris-based adviser to 29 developed countries.

“Concerns about the security of future gas supply are allayed in part by a growing cast of international gas suppliers, a near-tripling of global liquefaction sites and a rising share of LNG that can be re-directed in response to the short-term needs of increasingly interconnected regional markets,” the IEA said.
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