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Next Wave of LNG Projects On the Way to Meet Global Demand
Industry Segment: Production | Word Count: 212 Words
SUGAR LAND--March 29, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Demand for liquefied natural gas (LNG) is forecasted to grow at a rate of 4.5% per year. When combined with declining availability of LNG from traditional suppliers such as Indonesia, Malaysia, Algeria and Australia's Northwest Shelf, it will be necessary to approve another 28-30 million tons per year of production to meet demand by 2020. This means the next wave of LNG construction will likely require 10-11 trains.
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