LNG market poised for ‘rapid evolution’, IGU says

Demand for LNG is set to grow in new and established markets, but geopolitics is creating an uncertain backdrop to global trades, according to a new report from the International Gas Union.

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The 16th annual IGU World LNG report identifies a series of opportunities in the LNG market, including a fresh wave of incoming liquefaction capacity, new buyers, floating solutions for markets, a surge in gas-for-power demand from data centres along with the political support for the sector from the new US administration under President Donald Trump.