Oil Review Middle East 6 2014

Oil Review Middle East 6 2014

Source: issuu.com

Since  the first two  LNG tankers carrying   5000 m⊃3;  of LNG   left the Algerian port of Arzew for the UK and France in  1958  the  global trade in LNG has grown in  value to  reach $150bn  accounting for  some 10 per cent of the global  trade in natural gas. Today 24 countries export LNG to around 29 countries. Qatar, Malaysia, Australia, Nigeria and Indonesia are  in rank order  the  world’s  top five LNG exporters.   Asia Pacific countries dominate the global market for LNG notably, Japan, South Korea, China and India.     The LNG trade is expected to grow at a compound annual rate of 2.8% between 2013 and 2019 (Hellenic Shipping News, 11 July 2014) underpinned by rising Asian demand.  


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