Hindu Businessline: Robust demand to keep LNG prices high: Report

Robust global demand is likely to keep LNG prices high over the next few years, a report said. The demand is growing both as a result of strong Asian economic growth and the switch to cleaner energy, particularly in China, according to the QNB Group report.

This trend is likely to continue, notwithstanding the so-called US shale gas revolution and the coming into operation of the $400-billion Russia-China gas pipeline signed on May 21, 2014, it said.

Overall, the future of the LNG market remains bright and is likely to result in high LNG prices for years to come, the report said, adding this will continue to support Qatar’s large current account surpluses.

The LNG market continued to tighten in 2013. Global LNG deliveries were an estimated 240 million tonnes – broadly flat compared with 2012.
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