Despite Rising Costs, Global LNG Supply Is Set to Increase Dramatically Over the Next Eight Years, an Industrial Info News Alert

Researched by Industrial Info Resources (Sugar Land, Texas) -- The prices for equipment, construction and engineering services have risen across the board because of the growth in the absolute numbers of both liquefied natural gas (LNG) liquefaction and regasification schemes being proposed globally. Because of this sector price inflation, several supply side projects have experienced production start-up delays, resulting in existing supply side issues that have affected the timing of several proposed LNG re-gasification projects. Even though the supply could grow to 370 mmtpa by 2015, demand could eclipse supply by 20 mmtpa between 2008 and 2015.

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