The LNG Facts
LNG production is measured in millions of (metric) tonnes per annum, known as
Since 2000, global LNG demand has risen by an estimated 7.6% per year.
This increase in demand is almost three times higher
than the increase in demand for natural gas.
LNG demand is forecasted to grow
by 5%-6% per year through 2020.
The world has almost 600 mtpa of LNG
regasification capacity, far exceeding
China and India are expected to
current and projected supply
be the biggest sources of
future LNG demand.
World regasification capacity could rise
Natural gas will account for 25%
of the world’s energy mix in 2035.
Between 2013 and 2023,
there are an estimated
47 projects planned in BC.
These projects are
worth more than
$500 million each.
The expected total
investment is $165 billion.
by as much as 200 mtpa by 2020.
As of March 2014, 13 LNG export facilities have been
proposed or announced in BC.
Of the 13 proposed or announced LNG facilities,
11 have applied to the National Energy Board
for a licence to export LNG.
7 of these licences have already
The average cost for the recently
sanctioned and proposed projects is
more than US$2.6 billion per mtpa.
This cost is more than
double the historic average.
More than 30 countries have proposed plans to build
or add LNG import/regasification capacity.
By 2020, the number of countries with import
capacity could double to 50.
* Main data source: Global LNG: Will new demand and new supply mean new pricing?, published by EY. Additional
Info: Premier’s Liquefied Natural Gas