Mozambique - School of International and Public Affairs - Columbia ...

Mozambique: Mobilizing Extractive Resources for Development May 2013
As the demand for natural gas continues to rise, regasification capacity is also growing at a rapid pace.
There are currently 25 LNG-importing countries in the world, up from 17 importing countries in 2007. 53
PFC Energy expects the number of new gas-importing countries to double by the end of the decade. 54
Indeed, growing demand for natural gas has transformed LNG into one of the fastest-growing segments
of the world’s hydrocarbon industry.
LNG Supply
In 2012, global LNG export capacity stood at approximately 300 mtpa. According to by J.P. Morgan, if
proposed additions to liquefaction capacity come to fruition, the global volume of LNG exports could
reach 750 mtpa by 2020. 55 With global LNG production growing at an annual rate of 4.3%, the liquid fuel
will account for approximately 27% of the growth in gas supply to 2030. 56 As supplies multiply and trade
volumes increase to accommodate growing demand (Figure 6), LNG is expected to contribute close to
half of the world’s traded natural gas by 2035. 57 Global supply outlooks are becoming increasingly
distorted by uncertainties surrounding the role that unconventional (shale) gas will play in feeding the
global gas market in years ahead.
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