Global LNG Facilities: Long-Term Gas Demand Drives Major Investment

FARMINGTON, Conn., Aug. 5, 2011 /PRNewswire/ -- Global Information, Inc. presents a new market research report, "The World LNG Market Report 2011-2015" by Douglas-Westwood (For more information: http://www.giiresearch.com/report/dw202139-world-lng-market-report-2011-2015.html).

World LNG spending is forecast to recover momentum. Capex on LNG facilities is expected to total over $93 billion for the 2011-2015 forecast period. Douglas-Westwood (DW), predicts the Pacific basin will be the main contributor to a ten year global LNG investment high of $26 billion per annum by 2015.

According to Lucy Miller, lead author of the report, "Last year saw recovery in LNG demand, led by Asian consumers. China, in particular, has seen its LNG demand grow from 1 bcm in 2006 to around 13 bcm today. LNG imports to Western European and Latin American countries have also increased. In addition, we have the prospect of increased demand for natural gas as the world considers the future of nuclear energy in the aftermath of the Japanese crisis. On the supply side, 2010 saw the commencement of major construction work on new facilities in Australia and Papua New Guinea. Despite lower levels of expenditure on new LNG facilities, resulting from projects being delayed by the recession."

The report examines new prospects for LNG liquefaction and re-gasification terminals and LNG carriers, looks at the technology underlying the LNG business and presents market forecasts for activity in the sector. The market model used to develop the forecasts found in this report is based on a project-by-project review of development prospects, with the timing of expenditure phased to reflect likely project structure. Historic and forecast expenditures are shown in US dollar values from 2006 to 2015, segmented by facility type and region. Expenditure related to LNG liquefaction and re-gasification terminals is further broken down by individual components – including jetty and loading arms, storage tanks, compressors and construction services.

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